17 Feb 2011 11:29

Baisarov buys 20% of Russian Copper Co

MOSCOW. Feb 17 (Interfax) - Ruslan Baisarov has bought a 20% stake in No. 3 Russian copper producer Russian Copper Company (RCC), the company said.

Baisarov will join RCC's board of directors, it said.

A source said with knowledge of the transaction told Interfax that Baisarov paid around $500 million for the stake.