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HIT finalised divestment of AO Volga

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Published in issue 17/2001
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German paper distribution company HIT International Trading AG has divested its stake in Russian AO Volga. According to HIT, the contract to the effect came into force on 9 April 2001. The transaction is expected to yield an estimated extraordinary annual net profit of DM35m when the state-issued coupons are encashed. ...

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