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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Norway group to sell off stake in Russian tabloid

The Norwegian media group A-pressen is hoping to sell its 25% stake in Russia's biggest-selling tabloid newspaper, Komsomolskaya Pravda, to the new majority owner, ESN group. It could realise almost £20m for the stake it acquired in 2002 for less than £5m. Media analysts believe ESN will sell the paper on to yet another buyer - a company linked to Bank Rossia, run by President Putin's friend Yury Kovalchuk - ahead of next year's presidential elections. (Via Moscow Times)

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