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Gruppa Orgsintez ZAO increases stake in Khimprom OAO-Interfax


Sunday, 15 Dec 2013 08:02pm EST 

Khimprom OAO:Gruppa Orgsintez ZAO has received control over 96.2 percent in the share capital of Khimprom OAO, said Anna Khudanova, Director of Legal Issues of Gruppa Orgsintez ZAO-Interfax.Following the tender offer which was made by Etingale Management Limited to Khimprom OAO's shareholders, Etingale Management Limited has increased its stake in the company and now, together with Ellinbay Consultants Limited, it owns more than 96.2 percent stake, Khudanova said.According to the company's announcement, Etingale Management Limited has increased its stake from 35.13 percent to 50.69 percent since Nov. 29, and its direct stake increased from 46.84 percent to 67.59 percent.Prior to this, Gruppa Orgsintez ZAO owned 75.43 percent of Khimprom OAO's voting rights. 

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