Financial Times FT.com

Troika Dialog seeks to raise capital

By Catherine Belton in Moscow and Tom Burgis in Johannesburg

Published: January 28 2009 23:02 | Last updated: January 28 2009 23:02

Troika Dialog, Russia’s second-biggest investment bank, is seeking to raise capital, possibly through an equity sale, Ruben Vardanyan, Troika Dialog’s main owner, said.

Mr Vardanyan declined to comment on reports in Vedomosti, the FT’s Russian sister paper on Wednesday that Troika was in talks to sell a 30 per cent stake in itself to South Africa’s Standard Bank. But he told the Financial Times that the bank was “looking at all possible variants” for raising financing either through ”long-term debt financing or by bringing in investors”. He declined to name the sum the bank was seeking to raise.

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