VTB Bank (public joint-stock company) (LSE:VTBR) Chief Executive Officer, Andrei Kostin has confirmed that the negotiations on the sale of the bank stake in the Tele2 AB (publ) (OM:TEL2 B) mobile operator to Public Joint Stock Company Long-Distance and International Telecommunications Rostelecom (MISX:RTKM) are underway. "We are in talks. There is a 100% interest [in the transfer of the stake]," Kostin told TASS on the sidelines of the World Economic Forum in Davos.

Tele2 and Rostelecom declined to comment on TASS on this information.