Rotenbergs not leaving Mostotrest - representative
MOSCOW. May 29 (Interfax) - Marc O'Polo Investments, representing the interests of Arkady and Igor Rotenberg and their business partners, has no plans to sell its 38.6% stake in the Mostotrest construction conglomerate.
The Rotenbergs and top managers in the N-Trans group are the chief beneficiaries of Marc O'Polo, which is the largest shareholder in Mostotrest. Rumors that they intend to sell their stakes have been swirling on the market.
But Mostotrest board chairman Georgiy Koryashkin, who represents the Rotenbergs' NPV Engineering, told Interfax Marc O'Polo is not selling its Mostotrest stake and plans to remain the company's largest shareholder.
"We see that the shareholders are interested in Mostotrest's development. This is a strong and, what is very important today, a financially stable company with effective management," Koryashkin said.
The official spokesman for the Rotenberg father-and-son team confirmed to Interfax that the two are focused on further developing the company.
Asked about Mostotrest's possible participation in construction of a bridge across the Kerch Strait, connecting the Crimean Peninsula with the Russian mainland, Koryashkin said: "the company has all the necessary competencies for carrying out this project, but a decision on participation is always made based on an evaluation of the project."
"The tender terms need to be announced first," he said.
