Metro increases stake in St Petersburg

Metro_St_Petersburg_2011Metro International announced that it has increased its stake in Metro St Petersburg from 58.5 percent to 95 percent by buying shares from the Russian owners.

The St Petersburg Metro started in 1997 as a weekly, in 2004 it went daily, a year later it became a Metro International franchise.

In 2009 Metro International acquired a majority (58.5 percent) in the operation.

The Moscow Metro is operated as a Metro International franchise. Combined circulation is almost 800,000.

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