Buyers of Trust's stake in UWC were four shareholders of Ural Mining and Metallurgical Company, businessman Andrei Bokarev told journalists on the sidelines of the RSPP congress. They acquired 96% of UWC in equal shares. Earlier it was reported that Trust withdrew from the capital of OVK at the end of 2023 with a loss of ₽20 billion.

UWC's RAS net profit for 2023 amounted to ₽8.181 billion, compared to a loss of ₽16.373 billion in the previous year. Revenue increased 39.1% to ₽2.648 billion against ₽1.904 billion a year earlier.

Bank of non-core assets Trust left the UWC with a loss of ₽20 bln, said Alexander Sokolov, Chairman of the Bank's Management Board. He attributed the loss to the fact that the asset was sold ahead of schedule and the transaction itself followed a non-standard procedure. Company was sold ahead of schedule due to possible technological risks associated with th...

Board of Directors of UWC appointed Irina Olkhovskaya as a new CEO. Previously, she held the position of First Deputy Director General of UWC. Irina Olkhovskaya is also a member of the Management Board and a member of the Board of Directors of the company. In her new status, she plans to ensure strategic development of UWC. CEO plans to improve the productio...