RBC learned about the possibility of S8 Capital to buy the Bridgestone plant in Ulyanovsk

Armen Sargsyan’s S8 Capital group is going to acquire the plant of the Japanese tire manufacturer Bridgestone in Ulyanovsk. About it RBC informed with reference to sources.

According to a source familiar with the plans of S8 Capital, negotiations on the purchase of a plant in Ulyanovsk have been underway since February, the deal may close before the end of the year.

March 14, 2022 against the backdrop of the start of Russia’s special operation in Ukraine Bridgestone reported on the suspension of tire production in Ulyanovsk. The company also stopped deliveries to Russia and limited investments. At the end of October, the company announced plans to leave the Russian market and began searching for buyers. Then in Bridgestone spokethat the search for a local investor and the conclusion of a deal will take several months.

Bridgestone and S8 Capital declined to comment.

The Bridgestone plant in Ulyanovsk is located in the industrial park “Zavolzhye” on the territory of 80.6 hectares. It was established in 2013. Investments in production amounted to about 12.5 billion rubles. In December 2016, the plant produced the first tire for sale. From mid-2019, winter tires that were produced in Ulyanovsk began to be exported to Finland, Sweden and Norway. At the end of 2022, the revenue of the plant (Bridgestone Thayer Manufacturing CIS) under RAS decreased by 44%, to 12.3 billion rubles, a net loss amounted to 11.7 billion rubles. against net profit of 454 million rubles. a year earlier.

Previously, S8 Capital has already I bought Kaluga plant of the German tire manufacturer Continental, as well as three enterprises of the Russian “Cordianta” in Omsk and Yaroslavl.