VSMPO-Avisma to buy back up to 5 bln rbl of its shares - Metals & Mining - 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

VSMPO-Avisma to buy back up to 5 bln rbl of its shares

MOSCOW, Nov 18 (PRIME) -- The board of directors of Russian titanium giant VSMPO-Avisma has approved a 5 billion ruble share buyback, the company said in a statement on Wednesday.

The shares will be bought by the companyТs subsidiary Avitrans via a brokerage account in Sberbank through December 31, 2021.

VSMPO-AvismaТs shareholder equity comprises 11.53 million ordinary shares, of which 25% plus one share is owned by a subsidiary of state industrial corporation Rostec.

Business Alliance Company, controlled by Deputy Chairman of the titanium giantТs Board of Directors Mikhail Shelkov, owns 65.27% in VSMPO-Avisma through LLC Promyshlennye Investitsii (Industrial Investments), Cyprus-registered Cador Enterprises Limited and Jivanta Ventures Limited.

Other shareholders control 9.73% in the company.

(76.2530 rubles Ц U.S. $1)

End %%md/jst%%

18.11.2020 10:01
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 90.0291 +0.1411 27 nov
USD 75.4518 -0.0209 27 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1224.65 -1.11 14:14 13 nov
micex 3014.25 -0.38 14:14 13 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 179.33 +3.71 13:59 13 nov
lkoh 4854.50 +0.03 13:59 13 nov
rosn 414.30 +0.49 13:59 13 nov
sber 241.46 -0.26 13:59 13 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 91.6275 +0.5075 13:59 13 nov
USDTD 77.4900 +0.2550 13:59 13 nov