VSMPO Avisma Might Be Sold in 2014-2015
Head of Rostechnologii Sergey Chemezov believes that the state-run corporation’s civil assets, including VSMPO Avisma, might be put up to sale in 2014-2015, RIA Novosti reports.
‘I hope this will happen in 2014-2015,’ Chemezov said when asked by reporters about the deadlines for selling Rostechnologii’s civil assets. He added this included VSMPO Avisma, the world’s leading manufacturer of titanium-based goods.
According to the official, the shareholdings won’t be sold in one big lump.
‘We mean to sell up to 25% at first, and then a 25% shareholding might be sold as well,’ he explained.
Chemezov observed that there was no point in selling the state corporation itself: the business is not worth anything. He added that they were going to sell the corporation’s civil industry holdings depending on how the market opportunities look.
‘I hope this will happen in 2014-2015,’ Chemezov said when asked by reporters about the deadlines for selling Rostechnologii’s civil assets. He added this included VSMPO Avisma, the world’s leading manufacturer of titanium-based goods.
According to the official, the shareholdings won’t be sold in one big lump.
‘We mean to sell up to 25% at first, and then a 25% shareholding might be sold as well,’ he explained.
Chemezov observed that there was no point in selling the state corporation itself: the business is not worth anything. He added that they were going to sell the corporation’s civil industry holdings depending on how the market opportunities look.
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