Sminex decided to sell Inteco's housing construction and reinforced concrete products business in Rostov-on-Don. The Kommersant newspaper writes about this.
This asset went to the developer at the end of 2022 as a result of the purchase transaction for 38 billion rubles. the bank "Trust" business "Inteco". The interlocutor of "Kommersant" clarifies that next week a road-show of "Patriot" is planned for potential buyers.
The former owner of Inteco, Elena Baturina, in 2010 intended to create a joint venture with VEB on the basis of the Rostov business.The Russian Federation for the construction of mass housing in the regions. A year later, she sold her entire development business to the then owner of Binbank, Mikail Shishkhanov, and the idea of creating a joint venture disappeared. In 2018, Trust Bank gained control over Inteco as part of the restructuring of Binbank's debts.
The deal will include 100 hectares near the Rostov Sea, residential complexes "5th element" and "Leventsovka Park" in the Leventsovsky microdistrict of Rostov-on-Don, where 300 thousand sq. m. are being built. The Patriot large-panel housing construction plant (KKPD), whose capacity allows to produce reinforced concrete products for construction of 140 thousand square meters of housing per year, the design institute of YURNIIPIG and Patriot-Service, managing 1.37 million square meters. m of built housing.
Inteco Development Company was established in 1991. Its founder is Elena Baturina, the wife of ex-Mayor of Moscow Yuri Luzhkov. After the resignation of Yu .Luzhkova E.Baturina sold Inteco to the structures of Mikail Shishkhanov. Inteco's revenue for 2021 amounted to 60.4 billion rubles, EBITDA — 21.7 billion rubles.
The Bank of Non—Core Assets (PJSC "Bank Trust") is a Russian financial institution with majority state participation, created as part of the activities of the Central Bank of the Russian Federation to improve the banking system. It was founded in July 2018 on the basis of Trust Bank (PAO) by consolidating non-core assets of sanitized financial organizations. The bank's activities are aimed at effective asset management in order to improve their health, increase the market value and sell at the maximum price. The sale of these assets will compensate the state for the costs of carrying out the rehabilitation of the largest banks.
