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Renaissance Partners

Alisher Usmanov Acquires DST Shares From Renaissance Partners

Posted Fri, 29/05/2009 - 10:05

Russian billionaire Alisher Usmanov has increased his stake in Digital Sky Technologies (DST), through a purchase of half of Renaissance Partners' 4% stake. Renaissance Partners, part of the international investment firm Renaissance Group, has been a shareholder in DST since 2007. Details of the purchase have not been released. The purchase increases Usmanov's stake from 30% to 32%.