RBC: American 3M found a buyer for business in Russia
[ad_1]
According to the president of the holding, Mikhail Vakhrushev, negotiations are indeed underway, but he refused to provide details of a possible deal.
According to the publication, a subcommittee of the government commission for the control of foreign investment (headed by Finance Minister Anton Siluanov) has already issued permission to 3M and VMP to complete the transaction.
3M announced its withdrawal from Russia after the start of a special operation in Ukraine. This decision was made in May 2022, already in September the company’s management planned to sell assets in Russia. According to the report for 2022, as of the end of 2021, the value of the Russian business, taking into account the company’s obligations, was about $50 million, or about 3.9 billion rubles. taking into account the current exchange rate of the Central Bank.
According to Mikhail Burmistrov, CEO of Infoline-Analytics, the total value of the company’s Russian assets is $50 million. At the same time, according to RBC, 3M plans to sell only production facilities, there is no talk of transferring production technologies. In this case, the value of the assets could be about $20-25 million, Burmistrov added.
3M was founded in 1902. It manufactures respirators, adhesive tapes, ear plugs, medical equipment, etc. The representative office of the company appeared in Russia in 1992. In 2008, the construction of the 3M plant in Volokolamsk was completed, where construction respirators are now produced. In 2015, an enterprise began operating in the Alabuga SEZ in Tatarstan, where products are mainly produced for the oil and gas industry. In addition, Russian factories produce anti-corrosion coatings, materials for car repairs and solutions for fire extinguishing systems.
[ad_2]
Source link
