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Kommersant publishing house sold to Russian businessman

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The director general of the Kommersant publishing house confirmed Wednesday that negotiations on the sale of the company to a Russian businessman are underway.
MOSCOW, August 30 (RIA Novosti) - The director general of the Kommersant publishing house confirmed Wednesday that negotiations on the sale of the company to a Russian businessman are underway.

"I do not want to make any comments," Demyan Kudryavtsev said. "But the deal is underway."

He said the publishing house is being sold to Alisher Usmanov, the owner of Metalloinvest holding, and that the deal satisfied both parties.

The company's previous owner, businessman Badri Patarkatsishvili, earlier said he planned to sell 100% of his publishing business for no less than its market value, estimated at $200 million.

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