Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

04/23 13:57   Armenian parliament ratifies EAEU-China trade agreement
 
04/23 13:53   Krasnoyarsk students jailed for recruiting ISIL members
 
04/23 13:52   Yamal LNG to launch fourth stage of plant in late 2019 - early 2020
 
04/23 13:47   Kazakh president appoints envoy at Baikonur
 
04/23 13:47   Savchenko not planning to be in opposition to Zelensky
 
04/23 13:45   Novatek estimates Nyakhartinskoye field's gas reserves at 94 bcm
 
04/23 13:40   Russian Fish Processing Co to build four more vessels, plant under investment quotas
 
04/23 13:34   NLMK reduces EBITDA 18% in Q1 2019, expecting production to decline 6%-8% in Q2
 
04/23 13:31   Patriarch Kirill: Zelensky given historic chance to unite people of Ukraine (Part 2)
 
04/23 13:31   Gazprom redeems biggest Eurobond issue - 10-year bonds worth $2.25 bln
 




 

Interfax.com  |  Interfax news  |  Bank Rossiya acquires stake in Telcrest


News headlines


April 08, 2014 15:06

Bank Rossiya acquires stake in Telcrest

MOSCOW. April 8 (Interfax) - Bank Rossiya directly owns 10.46% of Cyprus-based Telcrest, which has blocking stake in CTC Media, according to the Dun & Bradstreet database and a statement published on the U.S. Securities and Exchange Commission's (SEC) website.

Telcrest became a Bank Rossiya affiliate in June of 2012. It has still not been reported that the bank, controlling 86.4% of Telcrest through its subsidiaries, itself owns stake in the company.

National Media Group, of which Bank Rossiya is also a co-owner, had 7.7% stake in the company as of April 4. The group previously had 18.16% stake, meaning the group's stake also decreased by 10.46%.

D&B's information does not say when this took place. SEC information for November of last year, where the size of IK Abros's stake was disclosed, mentioned the bank, but did not specify the company's direct stake. Abros is a Rossiya subsidiary.

National Media Group's press service has not responded to Interfax's request for information.

The stake owned by other Telcrest shareholders did not change, though the 26.7% owned by LLC Mediaset, which joined with LLC IK Abros in 2012 and was then liquidated now belongs to Abros. Both companies are also Bank Rossiya associates.

The stake owned by Abit Holding, which is also considered to be a Rossiya associate, did not change and totals 13.62%.

Itera Media, according to the Dun & Bradstreet database, owns a 27.88% voting stake in Telcrest Investments. The remaining 13.62% is owned by Surgutneftegas (MOEX: SNGS).

According to Dun & Bradstreet, Telcrest was registered in Cyprus on April 14, 2011, and the company's charter capital consists of $110,131 divided into 29,431 ordinary class 'A' shares and 80,700 ordinary class 'B' shares.

In 2011, Telcrest purchased blocking stake in CTC Media from Alfa-Group for $1.07 billion. Sweden's Modern Times Group (MTG) is CTC's largest shareholder with 38.2% stake.

Rossiya Bank, which controls CTC Media shareholder Telcrest Investments Limited, and bank beneficiary Kovalchuk are on the sanctions list that the U.S. Treasury Department announced in March due to events in Ukraine. The sanctions do not affect CTC Media, according to the Treasury Department. A "50% rule" exists, under which only an organization in which a specified individual or entity owns 50% or more interest is subject to sanctions.

Kh ak

(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
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Natural Gas Daily
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:

April 23, 2019
 
13:47
Kazakh president appoints envoy at Baikonur
 
13:47
Savchenko not planning to be in opposition to Zelensky
 
13:45
Novatek estimates Nyakhartinskoye field's gas reserves at 94 bcm
 
13:40
Russian Fish Processing Co to build four more vessels, plant under investment quotas
 
13:34
NLMK reduces EBITDA 18% in Q1 2019, expecting production to decline 6%-8% in Q2
 
13:31
Patriarch Kirill: Zelensky given historic chance to unite people of Ukraine (Part 2)
 
13:31
Gazprom redeems biggest Eurobond issue - 10-year bonds worth $2.25 bln
 
13:29
 
13:24
Russian, N. Korean flags hoisted on Far Eastern University campus ahead of Putin-Kim meeting
 
13:20
Trotsenko's AEON considering building LNG bulk-carrier fleet for Northern Sea Route
 
13:16
GAZPROM REDEEMS BIGGEST EUROBOND ISSUE - 10-YEAR BONDS WORTH $2.25 BLN - COMPANY
 
13:14
Azerbaijan and EU to sign new strategic partnership agreement on May 13 - Azerbaijani parliament speaker (Part 2)
 
13:08
Beluga Group boosted revenue 16.4% in 2018, to 43.4 bln rubles
 
13:06
Belarus suspends exports of light oil products to Ukraine, Poland, Baltic states - BelOil (Part 2)
 
 more headlines 



Interviews
 

.
NATO Secretary General Jens Stoltenberg has given an interview to Interfax ahead of the Alliance‘s 70th anniversary that is to be celebrated on April 4. He speaks in the interview about the NATO‘s vision of future relations with Russia, its attitude to the situation surrounding the Intermediate-range Nuclear Forces Treaty (INF) Treaty and the New START Treaty, as well as further plans of expanding the Alliance.

more
.
.
British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks about the current situation in the relationship between the United Kingdom and Russia, the impact of the Skripal case on it, the restoration of the numbers of diplomatic staff, exchange of information on counter-terrorism, possible introduction of sanctions over the Kerch Strait incident, the INF Treaty, and British-Russian economic relations.

more
.
.
Chairman of the German Committee on East European Economic Relations Wolfgang Büchele has given an interview to Interfax in which he speaks about the activity of German companies in Russia.

more

 
  
 ©   1991—2019   "Interfax News Agency" JSC. All rights reserved.
Contact information   |   Privacy Policy   |   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