Renova, Trust Bid for Russia’s Stake in Apatit, Vedomosti Says

Billionaire Victor Vekselberg’s Renova Group and Trust Bank applied jointly to Russia’s Federal Anti-Monopoly Service to buy the state’s stake in OAO Apatit, Vedomosti said, citing an unnamed official at the watchdog.

A Renova representative declined to comment while an official from Trust confirmed the bank’s interest in acquiring the state’s 20 percent stake in OAO Phosagro’s main production unit, the newspaper said.

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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