OMZ B.V. (the Netherlands) cashed out its 11.56% stake in OJSC United Heavy Machinery / OMZ (Uralmash-Izhora Group), OMZ informed.
United Heavy Machinery (Uralmash-Izhora Group, name as per the company's official presentation, transliterated from Russian as Obyedinenniye Mashinostroitelniye Zavody / OMZ, tax number: 6663059899) is one of the leading companies in the heavy machine-building industry specializing in the engineering, production, sales and service maintenance of the equipment for the atomic energy, petrochemical, oil and gas, mining industries. Also, the company focuses on the production of special steels and providing industrial services. OMZ Group operates production sites in Russia and the Czech Republic. The group is under control of Gazprombank.
Net loss (IFRS) of OMZ for 2011 rose 36-fold to $85.49 million from $2.338 million the year before. Revenue increased by 26% to $944.95 million from $746.004 million, GP by 64% to $149.063 million from $90.596 million.
AK&M "M&A Market"
"AK&M", 11.01.2013 11:11