Former NefteTransService head sells 10% stake in co - source
MOSCOW. Oct 23 (Interfax) - The former CEO of the NefteTransService (NTS) Group, Alexander Tertychny has sold his 10% stake in the group's flagship company, NTS Holding, a source familiar with NTS activities told Interfax.
He did not specify the price of the deal or name the buyer, but said the stake was bought by "a person who is not a partner of the entrepreneur in the company and does not have any relations to it." NTS is not commenting on this information.
Tertychny stepped down from his post as CEO of NTS, which he had held for eight years, in February. Later he also left the company's board of directors.
In 2013, one of the organizers of NTS's aborted IPO, Renaissance Capital valued the rail freight operator at $1.4 billion-$1.8 billion.
