Russia's VTB eyes stake in grain trader Mirogroup: sources

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Russia's VTB eyes stake in grain trader Mirogroup: sources
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Russian state-controlled bank VTB, which has been actively buying grain export i...

FILE PHOTO: Logos are on display outside a branch of VTB bank in Moscow, Russia May 30, 2019. REUTERS/Evgenia Novozhenina

MOSCOW - Russian state-controlled bank VTB, which has been actively buying grain export infrastructure assets, is preparing to buy a stake in major local grain trader Mirogroup, a source familiar with the talks and a grain industry source said. Mirogroup and VTB “are organizing joint work based on VTB’s infrastructure assets”, said the source familiar with the talks.Reporting by Polina Devitt and Gleb Stolyarov; Additional reporting by Tanya Voronova; Editing by Kevin Liffey

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