12.12 2012 14:42:26go back
Liliya Brueva quoted on utilities
Industrial Solutions has sold off the Divnogorsk low-voltage equipment plant, its troubled asset in Krasnoyarsk.
The plant's products are well known in Russia’s far eastern region. The asset could arouse interest from Russian investors in Siberia and Russia’s Far East. The asset may also be of interest to Chinese investors. China has recently concluded a series of contracts for electrical equipment deliveries to Russia. It may be that China has had its sights set on the local production, suggests Investcafe analyst Liliya Bruyeva. The analyst estimates the transaction to be in the range of RUB 150 mn to RUB 300 mn.