Russia's state arms trader set to increase share in world’s largest titanium company
18 Oct, 2006 08:35
Rosoboronexport is set to become the controlling stakeholder in Russia’s VSMPO-Avisma.
Vladislav Tetyukin, the VSMPO-Avisma Director, says he's selling a 26 percent stake in the company to Rosoboronexport.
The arms trader already has a stake in the company – and Tetyukin's shares would increase it to nearly 70%.