VTB Bank completed the acquisition of a 33% stake in Channel One.

Synopsis

VTB Bank, a universal bank, completed the acquisition of a 33% stake in Channel One, a provider of broadcasting and publishing services. Financial terms were not disclosed.

Principals

target

Channel One

bidder

Vtb Bank

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Market Context

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Seller Team (1)

konstantin ernst

CEO at CHANNEL ONE

Manager

target

Deal

n/a

Total Value

Bidder Team (2)

andrey kostin

Chairman at VTB BANK

Manager

bidder

Deals

£ 15.46 B

Total Value

konstantin kochetkov

Partner at Morgan Lewis & Bockius

Lawyer

bidder

Deal

n/a

Total Value

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