VTB Bank (public joint-stock company) (LSE:VTBR) still plans to sell part of its stake in Banco VTB Africa S.A. to the subsidiary's management and expects to close a deal in first quarter - second quarter of 2020, VTB chief Andrei Kostin told reporters on the sidelines of the World Economic Forum in Davos. "We've reached agreement with our Angolan shareholders on prices, on procedures, what powers who will have following this. They visited Moscow perhaps a month ago. We'll wrap this up, perhaps in first quarter or second quarter of 2020," Kostin said.