Kremlin Poised To Acquire Stake In Titanium Giant

Kremlin Poised To Acquire Stake In Titanium Giant

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Vladislav Tetyukhin, general director of VSMPO-Avisma, the Russian company that is the world's top titanium producer and a major supplier of titanium products to aerospace companies like Boeing, has said the Russian government could purchase a stake in the company by the end of this year. State-owned arms trader Rosoboronexport has said it wants to buy at least a blocking stake - 25 percent plus one share - in VSMPO-Avisma. As Reuters notes, the Kremlin is seeking to tighten control over strategic assets.

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