New Mines ups stake in Synergy to almost 9%
MOSCOW. July 4. (Interfax) - New Mines CS Investments Limited has increased its stake in distilled spirits producer OJSC Synergy from 3% (770,100 votes) to 8.9% (2,284,204 votes), Synergy said in a statement.
Synergy has already announced changes in UBS' and Renaissance Securities' stakes. UBS lowered its stake in the company's charter capital from 5.29% (1,358,422 votes) to 0.03% (8,595 votes). Cyprus-based Renaissance Securities Limited raised its stake from 2.68% (689,187 votes) to 7.93% (2,036,699 votes).
Synergy produces alcoholic beverages at seven factories - Traditsii Kachestva, ALVIZ, ROOM, URALALKO, Mariinsky, Ussuriysky balsam and Khabarovsky. Its primary vodka brands are Beluga, Myagkov and Belenkaya.
Last year, Synergy sold 138 million liters of alcohol, or 19% more than in 2010.
The company's main owners are the Chairman of its Management Board Alexander Mechetin and member of the Federation Council Valentin Zavadnikov. In 2007, Synergy conducted an initial public offering (IPO) on Russian exchanges, and in 2010 it held a secondary public offering (SPO). The company has 34.23% of its shares in free float.