Rostec State Corporation transfers 25% of shares of VSMPO-AVISMA to its subsidiary

06.07.2015 — News

SVERDLOVSK REGION

Rostec State Corporation transferred the shares of the VSMPO-AVISMA Corporation, OJSC, held by it to its subsidiary RT-Business Development.

The Press Service of the Corporation has informed RusBusinessNews that consequently the subsidiary of this State Corporation received a blocking shareholding – 25% plus 1 share of the Issuer (2.882 million votes).

65.27% of the shares of the Titanium Corporation are held by Expotrade, CJSC. The latter’s main beneficiaries are Mikhail Shelkov, a member of the VSMPO’s Board of Directors, and the company’s CEO Mikhail Voevodin. The remaining securities are free-floating.