Russian Helicopters Finalize Consolidation of Assets , Russian Helicopters
Release Date: 2010-12-28
Moscow/28 December 2010 – Russian Helicopters (RH), part of UIC Oboronprom, consolidated control stock of all Russia’s rotorcraft-building enterprises, as the final stage of building a united Russian holding for helicopter design, manufacture and servicing.Within the scope of this final stage, Russian Helicopters acquired 1,202,973,854 ordinary registered shares of Rostvertol, PLC bringing its ownership of company’s equity from 22.76 % to 75.06 %.
Russian Helicopters acquired these shares with borrowed funds.
Currently Russian Helicopters owns share packages of the following helicopter-building enterprises:
∙ Mil Moscow Helicopter Plant – 72.38 % of equity, 2,524,636 ordinary registered shares, 494,370 preference shares;
∙ Kamov - 99.79 % of equity, 1,360,447,119 ordinary registered shares;
∙ Stupino Machine Production Plant – 59.9987 % of equity, 89,680 ordinary registered shares;
∙ Ulan-Ude Aviation Plant, JSC - 75.09 % of equity, 200,687,483 ordinary registered shares;
∙ Kazan Helicopters, JSC - 65.90 % of company’s equity, 101,929,459 ordinary registered shares;
∙ Kumertau Aviation Production Enterprise - 100 % of equity, 377,647 ordinary registered shares;
∙ Helicopter Service Company - 100 % of equity, 165,000,000 ordinary registered shares;
∙ Reductor-PM - 80.84 % of equity, 5,497 ordinary registered shares;
∙ Progress Arsenyev Aviation Company named after N.I.Sazykin (AAK Progress) - 74.97 % of equity, 301,166 ordinary registered shares;
∙ Rostvertol, PLC - 75.06 % of equity, 1,726,445,119 ordinary registered shares.
In 2008-09, in order to centralize control functions, Russian Helicopters, a 100% subsidiary of Oboronprom, became the management company of all RH companies. This ensured introduction of the common policy in production, marketing, sales and service support. As a result, helicopter sales increased.
Current changes in the Russian Helicopters ownership of assets are related to further development and perspective projects of the company. RH’s strategic aim is to strengthen its position on the global rotorcraft market.
| Type: | NORMAL |
| Company: | Russian Helicopters |
| Country: | Russian Federation |