Extra Balance Corporation Leaves Oil Plant

Austria-based VTB Bank AG bought a 10% shareholding in Serov Ferrous Alloys Plant (a member of Kazakhstan-based raw stuffs holding Eurasian Natural Resources Corporation (ENRC)), the plant reports. The bank did not use to have any stake in the plant before. ‘We believe it was ENRC who sold the shares to the bank, as about a month ago the holding informed us that they had sold a 10% shareholding in the plant,’ Interfax quotes a representative of the company as saying. It was reported that ENRC used to have a 78.5% stake in the plant, while OOO Industrial Metals held a 19.73% stake in the

OOO Staffleasing is no longer a shareholder of OAO Uralmashzavod; the company used to own 32.2% of the Yekaterinburg-based plant’s shares. At the same time, the shareholding of ZAO Uralmash Machine-Building Corporation went up from 60.32% to 92.52%.

The Federal Public Assets Management Agency (acting on behalf of the Russian Federation) became the owner of a 7.4% shareholding in E.S. Yalamov Ural Mechano-Optical Plant Production Association. Prior to the transaction, the Russian Technologies State Corporation used to hold a 100% stake in this Yekaterinburg-based plant. ‘An additional share issue was launched in May 2009. We went through with this issue this January, so now we have got a new shareholder, Rosimuschestvo,’ the plant’s Securities Director Yuri Bushmakin told UrBC.

Russian President Vladimir Putin signed a decree on handing some of the state-owned assets over to Uralvagonzavod, Lenta.ru refers to the Kremlin website as stating. The shares of some companies currently owned by the state will become part of Uralvagonzavod’s authorized capital ‘in order to improve the structure’ of the company and ‘to develop its scientific, technological, and production potential’. Among the assets the state is handing over to the plant are a 42.5% shareholding in Tver Carriage-Making Plant (TVZ), 100% minus one share of Tomsk Electro-technical Plant, a 21.82% shareholding

December 3, 2014. Uralvagonzavod Corporation decided to set up a youth organization that will unite young workers from all of the corporation’s member enterprises and will help deal with the most important issues in youth policy. According to the corporation’s press service, the creation of a youth organization will become the next important step in the holding’s integration process. ‘Nearly all of our plant, design offices, and scientific research institutes have youth organizations of this or that kind, the most efficient ones being the organizations at Yekaterinburg-based Plant 9 and