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VTB set to offload loss-making EADS stake

The Russian government could be preparing to step in to help domestic bank VTB by buying a stake it owns in aerospace company EADS which has fallen by nearly $300m (€210m) since the state-controlled bank bought it last year.

VTB bought EADS shares representing about 5% of the company last year for about $1.3bn (€1bn) since when the holding has dropped in value by $255m.

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