Trust got rid of Inteko – Business – Kommersant
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Sminex ex-senator Alexei Tulupov will pay about 38 billion rubles. bank of non-core assets “Trust” for the business of the development group “Inteko”. This company, founded in the early 1990s by Yelena Baturina, the wife of former Moscow Mayor Yuri Luzhkov, has changed hands for the third time in the past six years.
The closing of the deal to buy the Inteko business was officially announced by Sminex (the buyer of the asset) and Trust Bank, which had been trying to sell the company for several years. As part of the Sminex deal, nine housing projects with a total area of 1.4 million square meters will be transferred. m. In the message of the parties, the amount of the transaction is also called – about 38 billion rubles.
Revenue of Inteko at the end of 2021 amounted to 60.4 billion rubles, EBITDA – 21.7 billion rubles. According to the unified information system for housing construction “Nash.Dom.RF” as of December 1, 2022, Inteko has 211 thousand square meters under construction. m. The share of the developer in the Russian market is 0.21%, the share in the Moscow market is 0.44%.
Sminex, created by ex-senator Alexei Tulupov, is now building 105 thousand square meters. m of housing in Moscow, and the market share of the company is 0.64%, according to Nash.Dom.RF. Sminex intended to acquire the assets of Inteko last year, negotiations with Trust were at an advanced stage. However, the deal did not take place then. However, last year, four more companies filed a petition with the Federal Antimonopoly Service in parallel with Sminex – the structure of the Samolet group, Samolet Int 1 LLC, as well as Specialized Developer Second, LLC, Logos LLC and Arief LLC .
Trust Bank received control over Inteko in 2018 as part of the restructuring of the debts of Binbank owner Mikail Shishkhanov. The structures of the businessman bought the Inteko business from its founder Elena Baturina, the wife of the ex-mayor of Moscow Yuri Luzhkov. She founded the company in 1991. During its existence, the developer has built more than 5 million square meters. m.
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