Support The Moscow Times!

Alfa Group Buys Into Opin

Alfa Group became a minority owner of the Opin development company controlled by Mikhail Prokhorov's Onexim Group when Alfa Capital Holdings acquired the 10.74 percent stake of NKB Investments, an affiliate of UralSib, Vedomosti reported.

Onexima still owns 83.17 percent of Opin.

In September 2011, Onexim decided to consolidate shares in Opin and last month offered minority shareholders 534.96 rubles ($178) per share. The company is now trading on the MICEX-RTS at 523 rubles. The offer is valid through May 28.

(MT)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more