Russia’s Akado changing ownership

AVK Investments, the vehicle of Russian businessman Maxim Mayorets, has taken a majority stake in Moscow area service provider Akado, according to local reports. Akado’s current owner, Viktor Vekselberg’s Renova Holding, has sold a 51% stake in the operator to Mayorets while retaining the remaining 49%. Mayorets, who served as director of mergers and acquisitions […]

ER-Telecom and Akado owner Renova extend negotiations

Russia’s ER-Telecom and Renova, the majority owner of Moscow cable operator Akado, have extended their exclusive negotiations on the potential sale of Akado to ER-Telecom.  The pair said that the talks on developing an “optimal model” for the relationship between ER-Telecom and Akado would be extended to the end of this year. The extension follows […]