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Article: Deripaska intends to retain minority stake in Ingosstrakh after Generali takes control - PPF.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- April 27, 2009
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Deripaska intends to retain minority stake in Ingosstrakh after Generali takes control - PPF
MOSCOW. April 27 (Interfax) - Oleg Deripaska, the majority shareholder in Russian insurer Ingosstrakh (RTS: INGS) with a roughly 60% interest, intends to retain a minority stake in the company after selling the controlling interest to Italy's Assicurazioni Generali, which has a joint insurance holding with PPF Investments, Jiri Smejc, a PPF co-owner who handles projects in Russia, told Interfax.
Whereas in the past PPF Investments, which owns a 38.5% stake in Ingosstrakh jointly with Generali, considered the possibility of either buying enough stock in the ...