Zoltav sells stake in three firms

published 18 January 2012

Zoltav, the AIM-listed company focused on acquiring and developing natural resource assets, has announced that, in order to realise investment gains, the company has sold its holdings in three companies.

The firm generated $0.27m from the sale of global depository receipts in Rosneft, $0.26m from the sale of sponsored American depository receipts in Gazprom, and $0.17m from the sale of American depository receipts in Lukoil.

The proceeds of these investment sales will be used to fund future investments and for general working capital purposes.