Pavlovskgranit share transfer ruled illegal

The Arbitration Court of the Voronezh region of Russia has ruled that Sberbank’s transfer of Pavlovskgranit’s shares was illegal and the court has seized the shareholding. The ruling follows the bank’s transfer of a 36.37 % stake in Pavlovskgranit, owned by Vitera, a major shareholder of Pavlovskgranit, to the account of Sberbank Capital, Sberbank’s subsidiary.
March 27, 2012 Read time: 1 min

The Arbitration Court of the Voronezh region of Russia has ruled that 4439 Sberbank’s transfer of 3672 Pavlovskgranit’s shares was illegal and the court has seized the shareholding. The ruling follows the bank’s transfer of a 36.37 % stake in Pavlovskgranit, owned by Vitera, a major shareholder of Pavlovskgranit, to the account of Sberbank Capital, Sberbank’s subsidiary.

For more information on companies in this article

boombox1

Highlighted Content

boombox2