Russia’s Renova Group sells 47% stake in Baikal Holding

MOSCOW, Jan 21 (PRIME) -- Subsidiaries of Russian tycoon Viktor Vekselberg’s multi-industry holding Renova Group have sold their combined 47% stake in bottled water producer Baikal Holding, as seen by PRIME in the data of the Unified State Register of Legal Entities on Monday.

As of late November 2018, Baikalskaya Glubinnaya owned 53% in Baikal Holding, Renova Aktiv owned 32.36%, Renova-Holding Rus owned 14.5%, and Ream Management of businessman Mikhail Sivoldayev had a 0.14% stake. But at the end of December, Ream Management’s stake in the company rose to 47%, while Baikalskaya Glubinnaya’s stake remained at 53%.

Details of the deal were not disclosed.

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