Consortium of RDIF, Titan International Inc, One Equity Partners to Buy Voltayr-prom OAO from Cordiant-Interfax

Interfax reported that a consortium of the Russian Direct Investment Fund (RDIF), agricultural machinery tire producer Titan International Inc (Titan), and the fund One Equity Partners has struck a principled agreement with the holding Cordiant concerning investment in Voltayr-prom OAO (Voltair-Prom), an RDIF statement says. The parties to the deal intend to wrap it up soon. The consortium will thereby become the owner of a controlling stock interest in Voltair-Prom and Titan will be a managing partner.