Onexim Group (owned by Mikhail Prokhorov, Russia’s richest man) offered to buy a 65 percent stake in RBC-Information Systems as part of debt restructuring. RBC’s subsidiary Media Mir operates the Russian job aggregator Ulov-umov.ru, among other sites.

Onexim will provide some $35 million, $20 million of which will be used to pay the group’s debts, and the rest will be invested in RBC’s current projects. RBC’s current debt is estimated at $216 million.

The group’s shareholders and creditors have to decide on the plan, which end January had been proposed by Renaissance Capital investment bank. In September 2008, Onexim bought a 50 percent stake minus one share of the voting rights in Renaissance Capital for $500 million.

 

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