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2011 October 17   13:04

InvestVeritas buys a 25% stake of Vyborg Shipyard

LLC InvestVeritas has purchased 25 percent of common stock of Vyborg Shipyard, the shipbuilding firm said.

Vyborg Shipyard specializes in the construction of drilling rigs for offshore deposits development and vessels of small and medium tonnage. Net loss (RAS) of Vyborg Shipyard for 9 months of 2010 totaled RUB 202,651,000 versus profit of RUB 1,227,076,000 a year earlier. Revenues shrank by 2.7 times, to RUB 7,849,754,000.

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