The Russian daily cited Bank of Moscow’s representative Olga Anishchenko, who confirmed that the transaction for the sale of Milstrim was finalised on Tuesday (15 October). The buyers are units of Varum.
The value of the transaction was not disclosed by the Bank of Moscow. A source close to the bank told that the deal value was in the region of RUB 500m (USD 15.6m).
Milstrim was a part of Mezhrespublikanskiy Vinzavod (MVZ ), which holds Bank of Moscow’s wine assets, Kommersant reported.
Bank of Moscow is controlled by VTB Bank.
source : Kommersant
