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.
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