VSMPO-Avisma shareholder acquires control over Arconic local unit

MOSCOW, Nov 24 (PRIME) -- Industrial Investment, the core shareholder of titanium giant VSMPO-Avisma, has become the owner of 100% in the Russian business of U.S. aluminum producer Arconic, as seen by PRIME in the materials of the Unified State Register of Legal Entities on Thursday.

On November 16, Arconic said that that is had sold its Russian business to Industrial Investment for U.S. $230 million. According to the U.S. company’s website, its only asset in Russia was the Samara Metallurgical Plant.

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