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Uralhimmash Board of Directors supports Himmash Group offer

At its session on April 3, the Board of Directors of Public JSC Ural Plant of Chemical Machine-building recommended that the minority shareholders accept the offer of CJSC Himmash Group, the enterprise informed.

The offer to sell common and preferred shares at a price of RUB 1 per security reached the minority shareholders of Uralhimmash on March 20. The group currently owns 99.999% of the enterprise.

OAO Uralhimmash (Public JSC Ural Plant of Chemical Machine-building, tax number: 6664013880) manufactures equipment for oil and gas enterprises, the power, nuclear and chemical industry, the ferrous and non-ferrous metallurgy, the building and construction industry.

Gazprombank OJSC owns a controlling stake in the enterprise. Its authorized capital is RUB 211.3 thousand represented by 158,495 common and 52,831 preferred shares at par value of 1 ruble.

According to the DataCapital information retrieval system, RAS net loss of Uralhimmash for January-September 2013 decreased 9.48-fold to RUB 210.242 million from RUB 1.993 billion the year before. Revenue decreased by 10.77% to RUB 3.009 billion from RUB 3.372 billion, sales profit was RUB 60.247 million against a loss RUB 706.594 million, loss before tax decreased 8.29-fold to RUB 260.411 million from RUB 2.158 billion.

"AK&M", 08.04.2014


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