MEDIA-Foreign investors to sell stake in Russia's Transcapital bank - Kommersant

July 3 (Reuters) -

* Three international financial organizations may sell their stakes in Russia's Transcapital bank to a Russian shareholder, Kommersant daily reported on Tuesday citing unnamed market sources;

* The European Bank for Reconstruction and Development, The International Finance Corporation, a World Bank Group member, and Germany's DEG have sought to sell their stakes in the bank for a long time, the newspaper said;

* Transcapital's board member Tatiana Orlova plans to buy their stakes, which total 45 percent in addition to 1.8 percent she already controls, according to Kommersant;

* The price for the stake is expected to be less than 3.5 billion roubles ($55.24 million), the newspaper said citing a source. -- Source link: https://www.kommersant.ru/doc/3675549 -- Note (Stockholm: NOTE.ST - news) : Reuters has not verified this story and does not vouch for its accuracy. ($1 = 63.3615 roubles) (Reporting by Moscow newsroom)