OREANDA-NEWS. On 28 May 2009 was announced, that NOVATEK now has a new large and powerful holder. Fond Volga Resources SICAV-SIF S.A, owned by the founder of the oil-trade company Gunvor Gennadi Timchenko, purchases 13.13% of NOVATEK’s shares from the company Cartagena Development Inc.

VSMPO-Avisma might lower dividends for 2008 by more than twice. The board of VSMPO-Avisma corporation recommended its holders at the annual meeting to approve paying dividends in the amount of 23.14 RUR per share. By the results of 2007 the company paid 53.92 RUR per share. Last year VSMPO-Avisma reduced the net profit by RAS by 57% to 2,668.096 mn RUR.