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Mandate Vinge advises RusForest in connection with in kind acquisition of minority stakes in subsidiaries

May 27, 2011

RusForest AB has acquired the outstanding minority stakes in its Ust Ilimsk based subsidiaries LLC RusForest Ust Ilimsk and LLC PIK-2005. The acquisitions were carried out by way of an issue in kind of a total of 847,645 new RusForest shares to the previous owner in accordance with the authorisation to issue shares granted to the Board by the EGM held on 15 April 2011.

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