|
Files under: News
Posted by: Quintura @ 02:08 [26. 05. 09]
 Renaissance Partners, the merchant banking arm of Renaissance Group, has sold a half of its 4 percent stake in Digital Sky Technologies (DST) to Alisher Usmanov, reported business newspaper Kommersant. As a result, Mr. Usmanov increased his stake in DST from 30 percent to 32 percent, the newspaper said. According to analyst estimates, the deal could be worth $20 million, implying a value of DST at $1 billion.
Renaissance invested in DST in November 2007. The founder of Metalloinvest holding and owner of Kommersant publishing house, Mr. Usmanov acquired a stake in DST in summer 2008. He also obtained a 50 percent stake in LiveJournal-owner SUP Media after merging online newspaper Gazeta.ru into SUP last summer.
Russia’s leading investment bank Renaissance Capital, part of Renaissance Group, served as exclusive financial adviser to Metalloinvest on acquisition of a controlling stake in music television channel Muz-TV. The bank also served as financial adviser to Digital Sky Technologies on sale of a minority stake in Mail.ru to Naspers.
Tags: Alisher Usmanov, Digital Sky Technologies, DST, Renaissance Partners
|
Comments: