“Helicopters of Russia” to begin consultations to attract new investor

“Helicopters of Russia” to begin consultations to attract new investor

PUNK /Moscow region/, December 30. Holding “Helicopters of Russia” to begin consultations to attract a new investor in the first quarter of 2016, About it journalists were reported by the head of the holding Alexander Mikheyev.

“If we talk about some of the investors or partners of the holding, we, of course, have to draw the economic model for this programme. In the first quarter we will summarize the results of the year, publish, and probably start some consulting. The theme of the IPO was the previous years. Now the sanctions environment, we have in the lineup today mainly dominated by military equipment. So at the beginning of a journey we intend by these terms. To find an investor in Russia is not easy,” he said.

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Manturov: a large investor is negotiating about the purchase of a stake in “Helicopters”

Yesterday the Minister of industry and trade of Russia Denis Manturov in an interview said that the large portfolio investor in talks to buy stake in the company “Helicopters of Russia”.

Holding “Helicopters of Russia” according to the statements of the company is 98% owned by “Oboronprom”, which, in turn, 84% owned by rostec Corporation.

“Helicopters of Russia” is the only developer and manufacturer of helicopters in Russia, it consists of five helicopter plants, two design bureaus, as well as enterprises for the production and maintenance of components, aircraft repair plants and service company providing after-sales support in Russia and abroad. The revenue of “Helicopters of Russia” under IFRS in 2014 amounted 169,8 billion.