VTB Capital booking on-line

According to an article in Kommersant dated 10 February 2012 entitled VTB Capital secures a booking, VTB Capital has paid USD 10 million for a 30 per cent interest in Russian tourist on-line hotel accommodation service provider oktogo.ru, which is co-owned by the funds Mangrove Capital Partners, ABRT and Ventech.

According to the article, the segment for on-line bookings in Russia is increasing 70 per cent a year and could be worth USD 3 billion by 2015.

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