Ivan Tavrin who together with Alisher Usmanov owns YuTV holding, will be included into board of directors "STS of Investments", 75% of shares in which were got by YuTV. He <= "http://www.vesti.ru/videos/show/vid/666724/%23/video/https%3A%2F%2Fplayer.vgtrk.com%2Fiframe%2Fvideo%2Fid%2F1465969%2Fstart_zoom%2Ftrue%2FshowZoomBtn%2Ffalse%2Fsid%2Fvesti%2FisPlay%2Ftrue%2F%3Facc_video_id%3D666724"> reported to a href about it in interview to Russia 24 TV channel on Monday, December 28.
"Will be the board of directors of the Russian holding company which is called as "STS of Investments", in it there will be representatives of the company, representatives of management, representatives of the selling party — because we bought 75%, 25% still remained with the Media STS company which bargains on Nasdaq. We will have a representation in board of directors where I surely will enter" — the businessman told.
according to Tavrin, YuTV yet did not decide on plans of further development of STS. "If to speak about any operational plans — to draw any far-reaching conclusions or to do any forecasts, certainly, early because we more concentrate on the transaction" — he shared.
on December 24 STS Media registered in the USA, closed the transaction on sale of part of business to YuTV holding of Usmanov and his business partner Tavrin to correspond to the Russian legislation on mass media. The law limits participation of foreigners in the Russian media at the level of 20% since 2016. Within the transaction the American company sold 75% of shares in the affiliated structure of JSC STS of Investments to YuTV — open company "YuTV Management" structure.
the Media STS Company when closing the transaction received $150,54 million. The total amount of the transaction will make about $200 million taking into account possible adjustments and payments according to the coordinated obligations of the company for compensation and compensation.
YuTV Holding was created by p on the basis of Tavrin and Usmanov's media assets. The company owns the radio channel "Yu" and not radio "Muz TV", and also a share in the radio Disney channel. American The Walt Disney Co. owning 49% of TV channel, yet did not declare change.