Source: Rotenberg may buy 94% in Kerch bridge builder Mostotrest - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Source: Rotenberg may buy 94% in Kerch bridge builder Mostotrest

MOSCOW, Feb 20 (PRIME) -- Russian tycoon Arkady Rotenberg is considering purchase of 94.2% in construction company Mostotrest from TFK-Finance, an investment company owned by managing companies of private pension fund Blagosostoyanie, a source familiar with Rotenberg’s plans told PRIME on Tuesday.

A representative of the tycoon confirmed Rotenberg’s buyback plans to buy the shares, but did not disclose the possible volume.

“We have information that one of the core owners of the company plans to quit the business. Mostotrest is one of the key companies, which is constructing a transport passage across the Kerch Strait. The interest to buying a stake in the asset is logical from the point of view of expansion of competences in the sphere of construction of infrastructure,” the businessman’s representative said.

The source said that Rotenberg plans to buy back the entire stake of 94.2%.

The remaining 5.8% in Mostotrest is free float.

End

20.02.2018 15:21
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov