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AK Alrosa OAO Sells Its Controlling Stake In GMK Timir OAO To Evraz Plc-PRIME


Tuesday, 11 Sep 2012 08:00pm EDT 

PRIME reported that on the General Meeting of Shareholders held on September 12, 2012, the Supervisory Board of AK Alrosa OAO has decided to decrease the Company's stake in GMK Timir OAO from 100% to 49% minus one share by selling its controlling stake in GMK Timir OAO to Evraz Plc subject to sell one share in GMK Timir OAO to Vneshekonombank GK OAO. Financial details were not disclosed. 

Company Quote

97.55
-2.0 -2.01%
9:32am EDT