Support The Moscow Times!

VSMPO Buyout Offer Planned

The owners of VSMPO-Avisma, the world's largest titanium company, will offer to acquire its free float from minority shareholders, business daily Kommersant reported on Monday.

The company's chief executive, Mikhail Voyevodin, was quoted as saying management would offer to buy out VSMPO-Avisma's 10 percent free float for $187 per share in the second half of May. The company's shares last closed at $180.

A VSMPO representative was not immediately available to comment.

The company was bought last year by a joint venture between its management and Gazprombank.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.