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
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »