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CORRECTED - Vekselberg and investors pay 10 mln Sfr to end Sulzer probe

Published 10/18/2010, 02:12 PM

(Corrects headline and story to make clear Vekselberg and two investors paid 10 mln francs to end investigation)

* Vekselberg owns controlling stakes in Oerlikon, Sulzer

* Already cleared of fine for Oerlikon stake

ZURICH, Oct 18 (Reuters) - Russian billionaire Viktor Vekselberg, who holds controlling stakes in Swiss industrial groups Oerlikon and Sulzer, and two other investors have paid 10 million Swiss francs ($10.4 million) to end an investigation by Swiss authorities.

Swiss authorities had been looking into whether Vekselberg and investors Ronny Pecik and Georg Stumpf violated disclosure rules when they built up a stake in Sulzer but closed their investigation after the three investors paid compensation, the Swiss finance ministry said on Monday.

Last month, a Swiss court cleared Vekselberg of violating disclosure rules when he built up his stake in Oerlikon. Vekselberg was facing what would have been a record fine of 40 million francs in that case.

(Reporting by Oliver Hirt and Silke Koltrowitz; Writing by Katie Reid; Editing by Dan Lalor) ($1 = 0.9609 Swiss francs)

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