OJSC Sberbank of Russia, the principal lender of OJSC Perm Lubricants and Cutting Fluids Factory (owns about 57% of the company's voting shares), has found a potential acquirer of this asset, the Kommersant informed.
According to the Kommersant, the asset may be sold to Vostok Transit LLC (Tolyatti). On August 19, 2013, this company applied to the commercial court of Perm Krai for registration as a creditor of the enterprise currently undergoing bankruptcy proceedings. Vostok Transit LLC is co-owned by Samara businessmen Nikolay Volkhin and Alexander Polegeshko. According to the Kommersant, the transaction assumes the assignment of the company's collateralized debt in the amount of RUB 172.738 million payable to Sberbank. The application will be considered on September 19.
The property disposal procedure and terms have not been finalized yet, the statement points out.
OJSC Perm Lubricants and Cutting Fluids Factory (tax number: 594102301) produces gearbox, rolling and washing oils, grease lubricants, cutting fluids, car care products. The enterprise is on the list of strategic companies whose privatization requires a special executive order of Russia's President. In 2008, the company's share in the market of lubricants and cutting fluids in Russia and CIS countries was 14%.