V. Potanin and M. Prokhorov to Agree on Termination of a Mutual Trust
Vladimir Potanin and Mikhail Prokhorov reached an agreement on termination of a mutual trust. The trust agreement was inked by both parties on March 20, 2008 with the trust manager Andrey Klishas in order to manage mutual assets. Today, the parties signed a number of agreements which are to settle all issues related to the trusts assets as well as to free each party from mutual claims.
The signed agreements also provide that business entities closed to M. Prokhorov are to purchase all OPIN shares owned by V.Potanins entities.