Chelyabinsk Pipe-Rolling Works has purchased a part of its own shares in order to decrease its statutory fund.
The price of the buyback was 114.42 rubles per share. The total number of shares reached 166,666,132.
The company has to pay for the shares not later than on May 21.
The seller was Pervouralsky Pipe Works, a part of ChTPZ.
The statutory fund of ChTPZ is 472,382,088 ordinary shares with the value of 1 ruble each. Thus, the company has bought some 35.3% of its shares.
The size of the deal was 19.07 billion rubles. (Ukrainian metal)