Russian President Vladimir Putin reviews examples of the small arm weapons during a working visit to OJSC 'Kalashnikov Concern' in Izhevsk. (Sergey Guneev / RIA Novosti)
Kalashnikov Switches To Private Hands In $41mn Deal -- RT
Russia’s largest weapons producer has struggled to be profitable in the post-Cold War years, and now 49 percent of the Kalashnikov Group will be sold to private buyers for nearly $41 million.
Despite three years of trying to overcome Kalashnikov's debts, state shareholder Rostec will sell its 49 percent stake to private investors, Vedomosti newspaper reports. The reported buyers are two businessmen affiliated with the Russian operator of airport link Aeroexpress, Alexey Krivoruchko, and part owner Andrey Bokarev.
Bokarev is also the co-owner of TransMashHolding, a rail and transport company, as well as Kuzbassrazrezugol, a coal company, and Moscow Metro Department.
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More News On The Makers Of The Kalashnikov Being Sold To Private Investors
Kalashnikov Corp. Sells 49% Stake for $75M – Rostec -- RIA Novosti
49 Percent of Kalashnikov Sold to Private Investors -- The Moscow Times
Fifty percent of Kalashnikov shares to find private owners -- Pravda
Russia Sells Stake in Maker of AK-47s -- New York Times
Russian Army to Receive New Kalashnikov Assault Rifles in 2014 -- RIA Novosti
New Kalashnikov logo -- Guns.com
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