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Volzhskaya TGK OAO buys 59 pct of Inter Promo Trade-AK&M

Thursday, 21 Aug 2014 08:00pm EDT 

Volzhskaya TGK OAO:On Aug. 20, Volzhskaya TGK OAO (Volga TGC) acquired 590 common shares (59 percent of the authorized capital) of Inter Promo Trade Limited (Belize) from Renova Industries Ltd, the company informed-AK&M.The transaction amounted to 12.6 billion Russian rubles, the payment deadline is Dec. 31, provided that the company's debt is fully settled.The conclusion of this transaction was approved at the annual shareholders' meeting of Volga TGC on June 27. 

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11:46am EDT