VSMPO-Avisma leaves Ural Gold

February 28, 2014. VSMPO-Avisma Corporation bought out 15% of its shares from Gazprombank for 14bn RUR, Kommersant refers to VSMPO-Avisma managers Mikhail Shelkov and Mikhail Voyevodin as saying. As a result of this deal, Shelkov and Voyevodin now own 65% of VSMPO-Avisma Corporation shares. Gazprombank started buying stakes in the corporation in 2012. In November 2012, Rostech announced it would like to buy out a 45.42% shareholding in VSMPO-Avisma for 970m RUR. The consortium of VSMPO-Avisma and Gazprombank managers Business Alliance Company (BAC) where VSMPO management has a 75% plus 1

VSMPO-Avisma Corporation no longer owns a shareholding in OOO Tirus Insurance Company. The corporation used to have 19.9% of the insurer’s stock.

The Federal Antimonopoly Service rejected VSMPO AVISMA’s request, denying the latter the right to buy 18% of Ural Gold’s shares. This ore mining enterprise’s major asset at the moment is the license allowing it to develop Yuzhno-Shameyskoye molybdenum ore deposit in Sverdlovsk Region. The Service explains that, among other things, VSMPO AVISMA failed to provide the antimonopoly watchdog with accurate data on the company’s stockholders.

December 13, 2013. VSMPO-Electro, controlled by VSMPO-Avisma Corporation, got liquidated, the issuer's official statement says. An entry to this extent was made in the United State Register of Legal Entities. VSMPO-Electro was registered on March 20, 2006 and dealt in wholesale trading of electric and heating power though agents.

VSMPO-AVISMA Corporation announced it was going to close down Titan Trading House after the corporation’s shareholders had made a decision to this extent. VSMPO-AVISMA Corporation used to own 70% of Titan’s shares; the trading house dealt in the sales of the corporation’s produce.