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07/05/2014
14:56
M&A: Atomenergomash sells non-core asset in St.-Petersburg

OJSC Atomenergomash sold the Kazarmy property complex in St. Petersburg to Usadba LLC. The transaction amounted to RUB 452 million, the Auction House of the Russian Federation informed.

The property complex comprises a 2.1 ha land plot intended for public, business and residential development, and four administrative buildings with a total area of 18,000 square meters.

OJSC Atomenergomash (tax number: 7706614573) is the power engineering arm of the State Atomic Energy Corporation Rosatom, one of Russia's leading power-plant engineering companies. OJSC Atomenergomash provides comprehensive efficient solutions for the nuclear power, thermal power, gas and petrochemical sectors. The company unites more than 30 production, research, engineering enterprises in Russia and abroad.

RAS net loss of OJSC Atomenergomash for 2012 grew by 20.14% to RUB 587.013 million from RUB 488.621 million the year before. Revenue increased 2.4-fold to RUB 13.256 billion from RUB 5.535 billion, sales profit was RUB 81.809 million against a loss of RUB 625.38 million in 2011, loss before tax grew by 33.36% to RUB 736.235 million from RUB 552.049 million due to debt service expenses.


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