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04/12/2013
17:23
M&A: Mikhailovsky GOK reduces equity stake in Baikal Mining Co. to 40.14%

JSC Mikhailovsky GOK reduced its equity position in Baikal Mining Company to 40.14% from 100%, Mikhailovsky GOK informed.

This reduction was accounted for by a contribution to the authorized capital of BMC and the accession of METALLOINVEST HOLDING (CYPRUS) LIMITED to the company's shareholding structure.

JSC Mikhailovsky GOK (mining and processing plant, tax number: 4633001577) is part of Metalloinvest holding.

According to the information and retrieval system DataCapital, RAS net profit of Mikhailovsky GOK for January-September 2013 grew by 13.17% to RUB 19.141 billion from RUB 16.914 billion the year before. Revenue decreased by 5.84% to RUB 42.084 billion from RUB 44.694 billion, sales profit by 10.82% to RUB 19.269 billion from RUB 21.606 billion, pre-tax profit increased by 12.56% to RUB 23.822 billion from RUB 21.163 billion.


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