RBC learned about the intention of S8 Capital to buy the Bridgestone tire plant in Ulyanovsk – Kommersant
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Armen Sargsyan’s S8 Capital group plans to buy a plant of the Japanese manufacturer Bridgestone in Ulyanovsk, reports RBC with reference to sources. According to one of them, negotiations have been underway since February, it is planned to close the deal before the end of the year.
S8 Capital also declined to comment. Bridgestone also declined to comment on the proposed deal. “The company is still determined to leave (from Russia.— “b”). We are making progress and are expected to complete the work (on the sale of assets.— “b”) at the right time,” said Lisbeth Denis, Director of PR and Corporate Communications for Bridgestone Europe.
Bridgestone decided to sell the Russian business in October 2022. Its plant in Ulyanovsk is located in the Zavolzhye industrial park, its territory is 80.6 hectares. The enterprise’s capacity is 2.4 million tires. At the end of 2022, its RAS revenue fell by 44% to RUB 12.3 billion, with a net loss of RUB 11.7 billion.
About the decision of the company to leave the Russian Federation – in the material “Kommersant” “Bridgestone went off the beaten track”.
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