• Tuesday, Jan 26, 2021
  • Last Update : 02:57 am

Russian weapons maker Kalashnikov acquired by former government official

  • Published at 01:35 pm November 6th, 2020
Klashnikov AK-47
File photo: Mikhail Kalashnikov, the designer of the assault rifle holds an AK-47 automatic rifle during the opening of an exhibition showing his gun on February 20, 1997 Reuters

Alan Lushnikov has acquired a 75% stake minus one share in Kalashnikov

A former Russian deputy transport minister has acquired a controlling stake in weapons maker Kalashnikov, the company said on Friday.

Alan Lushnikov, who served as deputy transport between 2017 and 2018, has acquired a 75% stake minus one share in Kalashnikov via a firm called TKH-Invest.

Lushnikov acquired the stake from Deputy Defence Minister Alexei Krivoruchko, who was among the high-ranking Russian officials hit with European Union sanctions last month over the poisoning of Kremlin critic Alexei Navalny.

State conglomerate Rostec owns the remaining 25% plus one share in Kalashnikov.

The arms maker has been under US sanctions since 2014, in the wake of Moscow's annexation of Crimea from Ukraine and its support for pro-Russian separatists in the country's east.

Kalashnikov did not disclose the terms of the deal.

A financial market source told Kommersant newspaper that the deal could be worth as much as $12.91 million.

52
Facebook 51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail