Russia's Federal Antimonopoly Service received the notice of OJSC Siberian Coal Energy Company (SUEK) regarding the purchase of 100% of the voting shares in CJSC Vostochnoye Mine Office and took note of it, the regulatory body informed.
The transaction applied for will not restrict competition, the competition authority points out.
The core business of CJSC Vostochnoye Mine Office (Vladivostok, Primorsky Krai) is coal mining.
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.
According to the information and retrieval system DataCapital, RAS net profit of SUEK for 2013 decreased 4.94-fold to RUB 3.536 billion. Revenue went down 35.44% to RUB 68.978 billion from RUB 106.85 billion, sales profit grew by 56.52% to RUB 2.822 billion from RUB 1.803 billion.