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Gleb Frank will become the controlling shareholder of the Russian Fishery Company

February, 26, 2018, Moscow. - The Russian Fishery Company (RFC) announces the changes in the Shareholders structure.

According to shareholders' agreement Gleb Frank acquires the share of Maxim Vorobyov RFC. This transaction also includes the shares of the other RFC entities. 

The detailed terms of the deal are not disclosed. The parties to the Agreement point out the deal is being implemented on market and mutually beneficial terms. The transaction is expected to close after receiving approval from the Federal Antimonopoly Service of Russia (FAS Russia). 

Maxim Vorobyov said: "I thank sincerely the staff of the Company and my Partners who managed to set up the leader of the Russian fisheries in the Far East in the shortest time. I wish my colleagues good luck implementing all ambitious plans and building the worldwide largest and most effective company of wild fish production".

"Maxim Vorobyov and me set up RFC seven years ago and we have passed a hard period of time on the way to the company's leadership positions in Russia together. I'm grateful to him for that. Today, the company faces major challenges related to the fleet modernization and new vessels construction, expansion of the global presence and new markets. I believe in the future of the RFC and intend with the management to concentrate on the successful implementation of these tasks", - said Gleb Frank.

For additional information
please contact Dmitry Kravchenko
e-mail: dmitry.kravchenko@russianfishery.ru

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