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Baturina's brother claims preemptive right in Inteco sale

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17:36 17/10/2011

MOSCOW, October 17 - RAPSI, Alyona Yegorova. Viktor Baturin, brother of the owner of the Inteco development company, has claimed his preemptive right in the company's sale in a commercial court, he told the Russian Legal Information Agency (RAPSI).

Victor BaturinVictor Baturin

Inteco is a diversified company and Russia's development market leader.

"Under the joint stock companies law, as the holder of a 25-percent interest in Inteco, I have the preemptive right to purchase the company shares on the same terms as offered to any third party," Baturin said.

He stressed that he is ready to purchase the shares.

One of Inteco's founders, Baturin earlier requested the Moscow Commercial Court to invalidate the company's sale to Binbank owner Mikhail Shishkanov and Sberbank Investments.

The court has shelved the lawsuit until November 7 because the claimant did not attach some requisite documents.
In Baturin's view, by selling the 100-percent stake in Inteco, he said, his sister also disposed of his shares, which she did not own. For this reason, he wants the transaction declared null and void.

RAPSI has yet to obtain Inteco's comments.

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Baturina's brother claims preemptive right in Inteco sale

17:36 17/10/2011 Viktor Baturin, brother of Elena Baturina, the owner of the Inteco development company, has claimed his preemptive right in the company's sale in a commercial court.
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