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URGENT: VTB to acquire 74% of Dynamo Moscow football club

10.04.2009

MOSCOW, April 10 (RIA Novosti) - VTB bank is acquiring 74% of Dynamo Moscow and 75% minus one share in the Dynamo management company that is in charge of rebuilding the club's Petrovsky Park stadium.

A memorandum of understanding was signed on Friday and the deals will be completed as part of converting the companies' debt into shares.


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