16.10.2023, 14:54
A company from the UAE received 100% of the Russian Sulzer structure and transferred them back as collateral
Source: OREANDA-NEWS
OREANDA-NEWS Gardiner Resources Investments Co. L.L.C (UAE) has become the owner of the Russian Sulzer structure - LLC Sulzer Turbo Services Rus, according to the Unified State Register of Legal Entities.
Previously, the Swiss Sulzer was the sole owner of Sulzer Turbo Services Rus.
Gardiner Resources Investments has transferred 100% of Sulzer Turbo Services Rus as collateral to Sulzer. The nominal value of the pledged share is about 14.7 million rubles.
These changes were made to the register on October 13.
In May 2022, Swiss Sulzer announced its withdrawal from the Russian market and promised to start the asset sale process immediately. "The Board of Directors regrets that after decades of work in Russia it is necessary to make such a decision, but after a thorough study of possible options, it came to the conclusion that this is the best option for all interested parties," the press release noted.
LLC "Sulzer Turbo Services Rus" is engaged in the maintenance of energy gas turbines. The company's production facilities are located in Yekaterinburg.
Until 2018, Viktor Vekselberg's Renova was the main shareholder of Sulzer with a 63.42% stake. But after the businessman got into the American SDN list, Renova reduced its share to 48.83%, which allowed Sulzer to be removed from sanctions.
Previously, the Swiss Sulzer was the sole owner of Sulzer Turbo Services Rus.
Gardiner Resources Investments has transferred 100% of Sulzer Turbo Services Rus as collateral to Sulzer. The nominal value of the pledged share is about 14.7 million rubles.
These changes were made to the register on October 13.
In May 2022, Swiss Sulzer announced its withdrawal from the Russian market and promised to start the asset sale process immediately. "The Board of Directors regrets that after decades of work in Russia it is necessary to make such a decision, but after a thorough study of possible options, it came to the conclusion that this is the best option for all interested parties," the press release noted.
LLC "Sulzer Turbo Services Rus" is engaged in the maintenance of energy gas turbines. The company's production facilities are located in Yekaterinburg.
Until 2018, Viktor Vekselberg's Renova was the main shareholder of Sulzer with a 63.42% stake. But after the businessman got into the American SDN list, Renova reduced its share to 48.83%, which allowed Sulzer to be removed from sanctions.
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