Published On: Mon, Apr 27th, 2015

Gennady Timchenko sells all his 25 percent stake in Stroytransgaz

Russian billionaire Gennady Timchenko,   whose oil firm Gunvor has been targeted by US sanctions


* Businessman Gennady Timchenko is selling his 25 percent stake in Stroytransgaz, the company expected to be in charge of the construction of a bridge between Russia and Crimea. Few businessmen are ready to be involved in the 228.3 billion rouble projects due to economic and political risks, the daily says.

* Timchenko’s Volga Group is considering selling a 30 percent stake in a Kolmar Coal Company to Chinese investors, the daily says.

Daily Mail

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