On August 27, OJSC Siberian Coal Energy Company announced an offer to the shareholders of OJSC Urgalugol to purchase common and type A preferred shares from them at a price of RUB 7.397 thousand per share, Urgalugol informed.
The record date for the shareholders selling their shares will be October 21, 2013.
SUEK currently owns a 95.89% equity stake in Urgalugol (230,170 shares).
OJSC Urgalugol (tax number: 2710001186) engaged in coal mining at the Urgalskoye deposit has been part of OJSC SUEK since 2004. Its authorized capital is RUB 217 million represented by 175,110 common and 41,918 preferred shares at par value of RUB 1,000.
OJSC Siberian Coal Energy Company (SUEK, tax number: 7708129854) is the largest coal association in Russia in terms of coal output. The company provides over 30% of coal deliveries in the domestic market and accounts for over a quarter of the Russian coal export. SUEK's branches and subsidiaries operate in Zabaykalsky, Krasnoyarsk, Primorsky and Khabarovsk Krais, Kemerovo region, republics of Buryatia and Khakassia.
SUEK's authorized capital (RUB 1.16 million) is represented by 232.06 million common shares at par value of RUB 0.005 each. On May 31, 2013, 25.34 million shares registered on SUEK's personal account were canceled (retired) in the register of SUEK's shareholders of record. The company's sole shareholder (100% of the authorized capital) is SUEK PLC.
IFRS net profit of SUEK for 2012 grew by 20.72% to RUB 30.018 billion from RUB 24.866 billion the year before. Revenue increased by 4.91% to RUB 175.214 billion from RUB 167.013 billion, profit from operations decreased by 11.09% to RUB 34.548 billion from RUB 38.856 billion, pre-tax profit grew by 14.52% to RUB 35.833 billion from RUB 31.29 billion.
According to the information and retrieval system DataCapital, RAS net profit of SUEK for 2012 grew by 2.85% to RUB 17.48 billion from RUB 16.995 billion for 2011. Revenue decreased by 29.58% to RUB 106.85 billion from RUB 151.742 billion, sales profit 7.82-fold to RUB 1.803 billion from RUB 14.097 billion, pre-tax profit by 5.08% to RUB 18.198 billion from RUB 19.171 billion.
AK&M "M&A Market"
"AK&M", 27.08.2013 17:45