Russia's CONTINENTAL MANAGEMENT timber company has decided to prevent the ILIM PULP group from consolidating the Ust-Ilimsk, Bratsk (BLPK) and Kotlass (KTsBK) pulp and paper mills. With a view to consolidating assets, in March ILIM PULP offered to buy up the shares of the said enterprises' minority shareholders. The share price was set at R3.2 for the Kotlass enterprise and R1,335 for the Bratsk mill. CONTINENTAL MANAGEMENT, which represents the interests of Oleg Deripaska, Russia's aluminum tycoon, and which is also considered to be a major shareholder in the pulp and paper mills, has made a similar proposal to minority shareholders, offering R10.4 per KTsBK share and R3,000 per BLPK share. Vedomosti