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Viktor Vekselberg
Exclusive: Russia's VTB Capital closes in on Roberto Cavalli- sources

LONDON/MOSCOW (Reuters) - VTB Capital, the investment arm of sanctioned Russian lender VTB Bank , has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said. VTB Capital will buy a 70 percent stake in the Florentine company known for its colorful animal prints, which is valued at 400 million euros ($506.16 million), one of the sources said, adding that the cash payment was for up to 20 million euros. The sources said VTB Capital, run by Italian banker Riccardo Orcel, brother of UBS's head of investment banking Andrea Orcel, was raising funds from a consortium of international...