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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.

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