Interros has taken the decision to branch out its Cinema Park chain, previously part of the Profmedia holding company, into an independent business. Representatives from Profmedia and Interros are to sit on the Board of Directors which will take care of the strategic management of the company.

The biggest national cinema chain Cinema Park has announced today the acquisition of 100% of Rising Star Media shares (operates under the brand name Kinostar de Luxe) from UFG Private Equity, owned by Shari Redstone and Paul Heth. By the end of 2011 Rising Star Media will be fully integrated into the Cinema Park chain. The acquisition was financed by Interros shareholder Vladimir Potanin.

Vladimir Potanin and Mikhail Prokhorov finished a series of deals terminating their mutual trust and released each other from mutual claims. Entities close to M. Prokhorov purchased all OPIN shares owned by V.Potanins entities.

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.