Vladimir Lisin, considered Russia's second-richest businessman, has bought about a 2.6% stake in Russian steelmaker NLMK, of which he is a controlling shareholder.
According to the statement, the sale, which took place around $ 400 million, ranked fourth in the Russian metals and mining sector in recent months.
Businessman Roman Abramovich, who owns the Chelsea football club, along with his partners, bought a 3.5% stake in Russian steelmaker Evraz in two sales in March and June this year, bringing the total to 309 million pounds ($393 million).
Abramovich and his partners also decreased their stake in Russian nickel and palladium producer Norilsk Nickel (Nornickel) by 1.7% in March.
The stake in NLMK was sold by Lisin's Cyprus-based investment vehicle Fletcher Group Holdings Ltd., which now stands at 81%.
"The increase in the free market is expected to lead to an increase in liquidity in the company's shares," the NLMK said.
Goldman Sachs said 158 million shares (15.8 million deposit receipts) were sold at $25.32 per deposit receipt.
This represents a 6.2% cut in the price of shares in the market at the close of the London Stock Exchange on Thursday.
On Friday after the settlement, shares of the NLMK — Russia's largest steelmaker — decreased by 5.81% on the Moscow stock exchange and 5.85% in London in 1433.
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