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VTB to raise EADS stake despite float pledge

Russian lender VTB, which two weeks ago raised $8.2bn (€6.1bn) in a London and Moscow listing, is considering boosting its holding in aerospace company EADS despite previously assuring investors that proceeds from its flotation would not be used for stake building.

Interfax, a Russian newswire, reports a senior Kremlin official as saying VTB might increase its holding in EADS on the condition that European and Russian countries co-operated more fully on aerospace projects.

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