Samolet closed the deal to purchase the developer MIC
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Company group “Airplane” closed the deal to purchase the MIC development group. This was reported by the company’s press service.
According to Vedomosti’s source, the transaction amount was 44 billion rubles. Its perimeter included the entire existing business of the MIC Group, including land plots, management companies, as well as 11 projects at the design and construction stage and more than 50 companies that were part of the MIC Group, noted the press service of Samolet.
According to Vedomosti’s source, the transaction amount was 44 billion rubles. Payment will be made in several tranches using bank financing, noted the press service of Samolet.
It is clarified that the acquisition of the MIC will allow the company to increase current construction throughout Russia from 3.6 million to 4.2 million square meters. m. According to Andrey Ivanenko, chief executive officer at Samolet Moscow, as a result of the transaction, Samolet’s market share in the Moscow region will increase by 5 percentage points, to 18%.
That “Airplane” intends to buy the MIC group, Vedomosti reported in June. The transaction amount was estimated at 40–60 billion rubles. Then the experts interviewed called the deal the largest in the residential development segment.
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