Inter RAO completes a deal to buy the largest manufacturer of steam turbines

Shares of the Ural Turbine Plant, the largest manufacturer of steam turbines, were pledged to the structure of Inter RAO. Pay attention to changes in the registry Interfax. Now the structuring of the transaction on the acquisition of the enterprise is being carried out.

The shares were transferred to the Inter RAO structure – Active Energy. Prior to this, one hundred percent of UTZ Aktiv was owned by the Moscow manufacturer of electrical equipment Moselectroshchit and the Kovrov Electrotechnical Plant.

“Negotiations with MESH have been completed, the deal to acquire the Ural Turbine Plant is in the process of structuring,” Inter RAO told TASS.

The Ural Turbine Plant previously belonged to the Renova holding of Viktor Vekselberg. In April of this year, it became known that the enterprise bought out the little-known enterprise Moselectroshield. By words Kommersant sources, the deal amounted to 10 billion rubles. In 2022, the Inter RAO Group acquired a stake in the Modern Gas Turbine Technologies enterprise (in the past it was jointly owned by Siemens and Power Machines). In 2022, the company bought out the Voronezh Transformer plant. This is how Inter RAO is increasing its presence in the power engineering business.

The Ural Turbine Plant manufactures steam turbines for thermal power plants, nuclear power plants and nuclear icebreakers. The structure of its owners was not disclosed for several years due to sanctions against Viktor Vekselberg. In 2018, it was reported that Renova reduced its share in this enterprise from 80% to 49%, Legacy Media received another 15%, Yevgeny Belov had 16%, and Mikhail, the chairman of the board of directors and co-owner of Rotek, had 20%. Lifshitz.

More details – in the material “Circulation of turbines in the market”.

Anastasia Larina