Russia's Troika cuts Kamaz, AvtoVAZ stakes -paper


MOSCOW, Dec 24 (Reuters) - Russian brokerage Troika Dialog has reduced its stakes in truck maker Kamaz and car manufacturer AvtoVAZ , earning at least $174 million for the shares, Kommersant business daily reported on Thursday. The sale paved the way for South Africa's Standard Bank to increase its holding in Troika to over 36 percent from 33 percent, as such a deal was conditional on the Russian company reducing stakes in some of its strategic investments, unnamed banking sources told ...

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