Saturday, 13, August, 2022

Alisher Usmanov's company sold shares of Kapitalbank, with commercial terms not disclosed. According to the bank, the USM holding, which is owned by Russian billionaire Alisher Usmanov, has entered into a deal to sell 100% stake in Telecominvest LLC (RF) and FINANCE TCI LLC (Uzbekistan), jointly owning 61.54% stake in Kapitalbank.

The deal was initiated by a group of private investors interested in the joint development of the business of Kapitalbank.

USM is a diversified Russian holding company that owns and manages metallurgy and mining, telecommunications, technology and financial services assets. The group's assets include Metalloinvest, MegaFon, Udokan Copper and Ackermann Cement. USM is a shareholder of the Advanced Technologies Development Center (CRPT).

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