VTB Bank OAO Sells Its 20% Stake In KhK Metalloinvest OAO to Metalloinvest Ltd's Subsidiary-Interfax
Interfax reported that on December 29, 2012, VTB Bank OAO has sold its 20% stake in KhK Metalloinvest OAO to Metalloinvest Ltd's subsidiary. As a result of this and a number of other transactions, 100% of KhK Metalloinvest OAO is under the control of holding of Alisher Usmanov and his partners. The structures of USM Holdings purchased the shares, while VTB Capital, the Investment Business of VTB Group, acted as the transaction financial adviser. The selling of 20% stake in Metalloinvest was a part of the restructuring of the direct investments’ portfolio. Financial details of the transaction, were not disclosed.
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