Financial news
05.06 Mr. Kudrin: Bank Recapitalization Should Resist the Second Surge of Crisis
05.06 Mr. Kudrin: the Dollar Exchange Rate Will Exceed 30 Roubles
05.06 Mr. Medvedev Considers Inflation to be the Main Problem of Russia
05.06 The Russian Stock Exchanges Will Overtake World Boards
04.06 In St. Petersburg There Will Be a Unique World Branded Hotel
04.06 Putin Has Pointed to Have Shut Down Gas
04.06 Has The Real Estate Got Out of Fashion?
04.06 Experts: Restoration of the Russian Economy Will Begin by the End of the Year
03.06 Opening Remarks at Meeting on Economic Issues
02.06 Magna Would Branch out a Factory in St. Petersburg in the Spring of 2010
02.06 Nissan Has branched out a Factory in St.Petersburg
01.06 The Share Market is “Skyrocketing”
01.06 Automobile Lending Cutback Four Times
01.06 The Head of the IMF Warrants the Inflation in Russia Will Reduce Progressively
01.06 Mr. Putin Says: the IMF Should Aid Ukraine with Gas
28.05 Foreign Investments into Russia Cut in Third for a Quarter
27.05 The External Economic Bank (Vnesheconombank) Alters Stocking Geography
Financial news
The Group “SOC” Has Sold the Controlling Stake of "IzhAuto"
15 àïðåëÿ 2009 ã.
The Samara group “SOC” has sold the controlling stake of “IzhAuto” which is on the brink of ruin, to the top-management of the factory led by general director Mr. Michael Dobyndo.
The sum of the transaction was about $200 million, however the managing board should pay off not with money, but with cars. The substitution of “IzhAuto” supervising proprietor enables the stock holders to present them for prescheduled repayment. The single claimant — concern «Rostechnologies» — has actually refused to purchase ”IzhAuto”, thus it can lead to bankruptcy of a factory.
Photo: izh-auto.ru
In “IzhAuto” there are produced Izh-27175, VAZ-2104, assembled Korean Kia (Spectra and Sorento). Capacity of the enterprise — 220 thousand cars, in 2007 78,8 thousand were produced. In the first quarter of the year 2008, according to Association of the European business in the Russian Federation, the company sold 2 thousand 166 cars, that illustrated the decrease of 62 %.
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Dmitry Medvedev addressed the St Petersburg International Economic Forum's plenary session
Mr. Kudrin: Bank Recapitalization Should Resist the Second Surge of Crisis
Mr. Kudrin: the Dollar Exchange Rate Will Exceed 30 Roubles
Mr. Medvedev Considers Inflation to be the Main Problem of Russia
