Eurofinance bank has moved into the St. Petersburg television market, purchasing a 23.34-percent stake in local media outlet Petersburg Television
Published:
4 September 2003 y., Thursday
At an auction for the stake that was held by the Leningrad Oblast Property Committee on Friday, the Eurofinance Group, a subsidiary of the bank by the same name bought the stake for 65 million rubles ($1.98 million) - 2 million rubles higher than the starting price. The other bidder for the stake was Politeks, a company that is listed in the city directory at the same address as the St. Petersburg office of Eurofinance.
Eurofinance Vice President Andrei Galiyev said that the decision behind the purchase of the minority stake in Petersburg Television was based on the banks interest in becoming involved in the local market. He also said that the bank was also interested in acquiring interests in the media sector in other regions.
Galiyev said that it was possible that the bank would later try to increase its presence on the St. Petersburg media market, including in the size of its stake in TRK Petersburg. Acting Governor Alexander Beglov said that the city had not received an offer from the bank to buy any additional shares in the station and that the city presently has no plans to sell any of its shares.
Šaltinis:
sptimesrussia.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »