Alisher Usmanov sold his VK (formerly Group) stake

USM Holding, owned by Alisher Usmanov, sold its stake in VK to the Sogaz insurance company. The price of the deal was not specified, but analysts suggest that the package could range from $ 90 million to $ 217 million.

On December 2, USM holding announced the sale of its stake in VK (formerly Group) to the Sogaz group, the amount of the transaction was not disclosed by the parties. USM owned a stake in VK through participation in the authorized capital of MF Technologies, which controls 57.3% of voting shares and 4.8% of VK's economic stake. USM through Megafon owned 45% of MF Technologies. Also, USM directly owned 9% of MF Technologies, but this package “is in a deal with Gazprombank,” a representative of the holding told Forbes.