16 Mar 2015 09:27

5% stake in Russian vodka maker Synergy changes hands

MOSCOW. March 16 (Interfax) - Cyprus-based Pentagro Holdings Limited has sold 1,270,100 shares in Synergy , reducing its stake in the major Russian vodka maker from 5.09% to zero, Synergy said in a statement.

Meanwhile, New Mines CS Investments Limited increased its stake in Synergy by 5.09 percentage points, to 12.51% from 7.42%.

PentAgro is Synergy's food production division. Synergy said earlier that it was looking for a buyer for its food assets. Last year the company sold its crop farming units, Russky Gektar and Russky Gektar Urozhai.

The Cyprus-based Pentagro holds 50.59% of shares in the Nakhodka Meat Processing Plant, the SPARK-Interfax database shows.