Subscription and demo access

About Interfax
Press Releases
Products & Services
Contact us
Customer Login


04/20 09:51   Russian jets scrambled 5 times to intercept foreign recon planes in past week - Armed Forces newspaper
04/20 09:49   Nine improvised bombs defused in Syria's Douma in past 24 hours
04/20 09:48   Nazarbayev to pay official visit to Turkey in summer
04/20 09:46   Level of compliance with OPEC+ deal at 145% in March - Saudi minister
04/20 09:45   Banks have 2292.9 bln rbs on CBR correspondent accounts on April 20
04/20 09:43   Both oil consumers and producers expect OPEC+ countries to maintain solidarity - minister
04/20 09:42   Alrosa production down to 7.4 mln carats in Q1 but sales at 13.3 mln carats for $1.6 bln
04/20 09:40   Almost 61,000 civilians return to Syria's E. Ghouta - Russian reconciliation center
04/20 09:31   Excess oil stockpiles on market could disappear in next few months - minister
04/20 09:30   Russia fulfilling OPEC+ at 99%, to reach 100% by month's end - minister  |  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

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.



First name:


Last name:


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:

April 20, 2018
Almost 61,000 civilians return to Syria's E. Ghouta - Russian reconciliation center
Excess oil stockpiles on market could disappear in next few months - minister
Russia fulfilling OPEC+ at 99%, to reach 100% by month's end - minister
Access restricted to 18 VPNs, proxy services offering access to Telegram - Roskomnadzor
No dangerous items found in Russian Foreign Ministry HQ after phoned-in bomb threat - police
Police detain 16 demonstrators in Yerevan
Results of forex trading on Moscow Exchange on April 19
Russia political and economic calendar: April 20
April 19, 2018
Ukraine's court announces start of debate in Yanukovych trial, defense attorneys protesting
London should allow Russian doctors to examine Yulia Skripal - Russian embassy
 more headlines 


The director of the Executive Committee of the SCO Regional Anti-Terrorist Structure, Yevgeny Sysoyev, gave an interview to Interfax in which he discussed threats that Russia and the world face in the light of ISILs transformation, as well as the structures achievements in the fight against terrorism.

Ahead of his visit to Moscow newly-elected Austrian Chancellor Sebastian Kurz has given an interview to Olga Golovanova for Interfax. In the interview he speaks about his expectations from the upcoming meeting with the Russian president, his vision of solving the energy-security problem in Europe, the migration crisis, and explains conditions under which some sanctions could be lifted from Russia.

Palestinian Ambassador to Russia Abdel Hafiz Nofal has given an interview to Interfax correspondent Veronika Vishnyakova ahead of a visit of Palestinian leader Mahmoud Abbas to Russia in which he speaks about the main topics of the upcoming Russian-Palestinian summit, prospects for the Palestinian-Israeli settlement and the initiative of creating a new mediating mechanism for the Palestinian-Israeli settlement.


 ©   1991—2018   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:   |   IFX.RU   |   Interfax Group   Rambler's Top100