Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

09/27 11:30   Yesterday in Brief for September 27, 2016
 
09/27 11:30   Russia expects OPEC countries to work out common position on stabilizing oil market
 
09/27 11:29   IRAN EXPECTING TO EXCHANGE OPINIONS IN ALGIERS, NOT TO WORK ON DECISIONS TO FREEZE OUTPUT - OIL MINISTER
 
09/27 11:29   Anti-corruption dept still being checked after Col. Zakharchenko arrest - Interior Ministry
 
09/27 11:28   VTB24 expects retail loan portfolio to grow 14% in 2016
 
09/27 11:25   OSCE SMM ready to monitor pullback of forces, hardware from 1 out of 3 Donbas pilot zones, demands security guarantees
 
09/27 11:24   Uralvagonzavod to deliver over 2,000 Armata tanks to Russian army - general director (Part 2)
 
09/27 11:24   OSCE counts on Donbas conflicting sides to demine pilot disengagement zones
 
09/27 11:17   Lavrov congratulates Colombia on signing of internal peace accord
 
09/27 11:17   INTERNATIONAL PARALYMPIC COMMITTEE NAMES SUSPENSION OF LEGAL ACTIONS AS CONDITION TO RESTORE RUSSIAN PARALYMPIC COMMITTEE'S MEMBERSHIP - ROZHKOV
 




 

Interfax.com  |  Interfax news  |  Russian Technologies selling 45.42% of...


News headlines


November 27, 2012 13:17

Russian Technologies selling 45.42% of VSMPO-Avisma to management, Gazprombank for $970 mln (Part 4)

MOSCOW. Nov 27 (Interfax) - The state Russian Technologies (Rostekhnologii) corporation is selling 45.42% of titanium producer VSMPO-Avisma (RTS: VSMO) to the company's management and to Gazprombank (RTS: GZPR) for $965 million-$970 million, VSMPO-Avisma's general director, Mikhail Voyevodin, told reporters.

Following the deal, Nordcom, a Cyprus-registered joint venture between management and the bank will own 50% plus one share in the corporation. Russian Technologies will own 25% plus one share.

Closure is expected within two weeks.

Voyevodin said Nordcom would borrow $495 million from Sberbank (RTS: SBER) to buy shares in the corporation from Russian Technologies.

Nordcom will also receive 4.6% of VSMPO-Avisma that management has bought on the market.

VSMPO management will own 75% plus one share in the joint venture.

The cost of the deal works out at $187 per share or $970 million for the whole stake.

Russian Technologies will use its proceeds from the deal to pay off a loan of $294 million to VTB (RTS: VTBR).

VSMPO-Avisma management includes Voyevodin; Mikhail Shelkov, deputy board chairman; Alexei Mindlin, deputy CEO, economics and finance; Dmitry Sannikov, head accountant; and Artem Kislichenko, legal affairs manager.

Shares in VSMPO-Avisma soared 4% on the MICEX-RTS exchange to 5,512.1 rubles by 1:00 p.m. Moscow time.

Pr

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

September 27, 2016
 
11:24
Uralvagonzavod to deliver over 2,000 Armata tanks to Russian army - general director (Part 2)
 
11:24
OSCE counts on Donbas conflicting sides to demine pilot disengagement zones
 
11:17
Lavrov congratulates Colombia on signing of internal peace accord
 
11:17
INTERNATIONAL PARALYMPIC COMMITTEE NAMES SUSPENSION OF LEGAL ACTIONS AS CONDITION TO RESTORE RUSSIAN PARALYMPIC COMMITTEE'S MEMBERSHIP - ROZHKOV
 
11:12
VTB 24 wants to double VIP client base to 20,000 by end of 2019
 
11:05
VTB24 to wind down restructuring of forex mortgages, cancels some preferences
 
11:04
Russian Foreign Ministry expects contract for delivery of Russian S-300 air defense systems to Iran to be fulfilled this year (Part 2)
 
11:01
Uralvagonzavod to deliver over 2,000 Armata tanks to Russian army - general director
 
11:00
Naryshkin hopes PACE to verify Russian delegation's credentials in October
 
11:00
MICEX and RTS Indexes at 11:00 MSK
 
10:57
Pilot Yaroshenko signs request for his transfer to Russia under Strasbourg convention - newspaper
 
10:46
Norilsk Nickel board approves raising syndicated loan of up to $500 mln
 
10:45
 
10:36
Russian Foreign Ministry expects contract for delivery of Russian S-300 air defense systems to Iran to be fulfilled this year
 
 more headlines 



Interviews
 

.
U.S. co-chairman of the OSCE Minsk Group James Warlick, who has recently visited Moscow, has given an interview to Interfax‘s foreign political desk editor-in-chief Olga Golovanova in which he speaks about Washington‘s perception of the prospects of the Nagorno-Karabakh settlement.

more
.
.
Indian Ambassador to Russia has given an interview to Interfax in which he speaks about the current state of Indian-Russian relations and India‘s position on Afghanistan settlement.

more
.
.
NATO Secretary General Jens Stoltenberg has given an interview to Interfaxs correspondent Alexander Korzun ahead of the alliances summit in Warsaw due on July 8-9 in which he speaks about place of the Russian topic on the summits agenda and Russia-NATO relations in general.

more

 
  
 ©   1991—2016   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100