Alfa Bank President Aven Doubles His Stake in CTC Media, Vedomosti Reports

Russian billionaire Petr Aven doubled his stake in television company CTC Media Inc. (CTCM) to 0.2 percent last week, the Vedomosti newspaper reported on its web site, citing the company.

Aven, president of Alfa Bank, is co-head of CTC Media’s board of directors and bought 163,800 shares in the company, according to the report. Alfa Bank sold a 25.3 percent stake in CTC Media to OAO Bank Rossiya earlier this year, Vedomosti reported.

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