Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB acquired 20 % of the largest iron ore producer
28.12.2011 09:36
VTB acquired 20 % of the largest iron ore producer

The state bank VTB has acquired 20 % shares of the holding Metalloinvest from the businessman Vasiliy Anisimov and has become a partner of the Russian oligarch Alisher Usmanov.

The auction on selling Metalloinvest shares, organized by Deutsche Bank was held on December 22.

Initially 20 companies were going to take part in the tender. According to some sources, VTB will get Metalloinvest shares as payment for the loan, taken by Vasiliy Anisimov’s company Coalco Metals in 2008. The deal will be closed in the first quarter 2012.

Vasiliy Anisimov claimed about his intention to sell his share in Metalloinvest in 2010, explaining it by the desire to spend more time with his family.

METALLOINVEST is one of the largest iron ore and HBI producers and suppliers globally and the leading regional iron ore producer. METALLOINVEST comprises of leading iron ore production facilities in Russia – Lebedinsky GOK and Mikhailovsky GOK; steel mills – Oskol Elektrometallurgical Plant and Ural Steel; a ferrous scrap enterprise – Ural Scrap Company; and a rolling steel mill in the UAE, says the official site of Metalloinvest.

Author: Irina Fomina

Tags: Alisher Usmanov business    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Russian automobile industry  Kirov Region  Moscow parks  Russian Museum  State Corporations in Russia  St. Petersburg Parks   Tyumen  Rostov Region  Aleksei German  Aeroexpress  virtual office Moscow  Russian business  Russian tourism  Russian Music Instruments  Russia culture  Ilf and Petrov  IPO  Russian trade  Bashneft  Monuments in Moscow  Russian Cinema  Armory Chamber of Moscow Kremlin  international cooperation  Nord Stream  Hermitage  Exhibitions in Tver  Moscow International Biennale of Contemporary Art  Russian economy  Shukhov Tower  Stay Home Online Events  Perm airport  corruption  Paris  Mercedes-Benz Fashion Week Russia  CBRE  Ukraine  St. Petersburg  Dolmens  Unusual Finds  Moscow  Exhibitions in Moscow  Russian models  Russian scientists  Kazakhstan  Journey to Christmas  Gourmet Tours  Russian ballet dancers  Nikolai Gogol  coronavirus  Russian science 

Travel Blogs
Top Traveling Sites