Manturov: the holding “Helicopters of Russia” the investor can place this year


MOSCOW, March 10. The holding “Helicopters of Russia” to the investor can be held this year. This was reported to journalists by the Minister of industry and trade of Russia Denis Manturov.

Thus, according to him, considered two options. “It’s always such a creative search for possible options. Or it will be a strategic investor from Russia with possibility of sale to 49%, or it will be foreign, but then it will 25%”, – said the Minister.

Interview

“The end of the year I expect that it will be not only decided, but also made investment in itself”, he added.

In early February the head of state Corporation “rostech” (it includes “Helicopters of Russia”), Sergei Chemezov, stated that, in his opinion, the Corporation may not be able this year to privatize the holding company “Helicopters of Russia”. However, in early March in an interview, Chemezov said that the Corporation hopes to catch a deal before the end of the year, but expressed doubts about the need to sell the package to 49%.

He also stated that the privatization of “Helicopters of Russia” can take part of the foreign investor. He also noted that foreign investor can claim a 25% share holding.

“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.

Holding “Helicopters of Russia” increased its net profit for the first half of 2015 according to the international financial reporting standards, compared with the same period of 2014, almost 3 times – up to 12.9 billion rubles (4.4 billion rubles a year earlier). The company’s revenue for the period amounted to 87,2 billion rubles, an increase of 26%. 98% of the shares of the holding are the “Oboronprom”, which, in turn, 84% owned by rostec Corporation.

In addition to the “Helicopters of Russia” GK “rostec” plans to privatize holdings KRET (specializing in the electronic industry) and Schwabe (specializing in optoelectronic products).