Sapelin from VEB has been appointed general director of the Rostec subsidiary RT-Finance. Rostec has developed a cash management mechanism for JSC rt finance board of directors

, Vnesheconombank

"News"

AVTOVAZ will not pay dividends for 2017

On May 17, AVTOVAZ in Togliatti hosted an annual general meeting of shareholders and a meeting of the company's board of directors. Annual participants general meeting shareholders of PJSC AVTOVAZ discussed the company's activities in 2017, as a result of which Russian sales of LADA in the Russian Federation increased by 17% (up to 311 thousand 588 units), and revenue of PJSC AVTOVAZ increased by 22% (up to 225.6 billion . rub.). The growth was largely based on the success of the new generation LADA cars - Vesta (including the Vesta SW and SW Cross models, sales of which started in October 2017) and XRAY, as well as stable demand for other models of the brand, the press service of AVTOVAZ reports. The growth of sales of LADA cars in the Russian and foreign markets, intensive activities aimed at restructuring have led to a significant improvement financial situation societies: at the end of 2017, AVTOVAZ received a positive operating margin of 0.7% of revenue and ensured a positive free cash flow.

Fraternal scam of the century

The "interlocutor" found out where the billions of dollars that the Russian VEB spent on the purchase and lending of factories in the Donbass have gone.

At the end of last week, the Ministry of Finance announced that the Reserve Fund, where almost 6 billion budget rubles were in 2015, will be exhausted this year. And the budget deficit will remain. And in order to cover this deficit, the government will put its hand into the National Welfare Fund and take 600 million rubles from it, as a result, 3.7 billion, or 4% of GDP, will remain in this fund. Not much. Where did the money flow from the national bins?

Sapelin from VEB has been appointed CEO of Rostec subsidiary

MOSCOW, October 21. / TASS /. Andrey Sapelin from VEB has been appointed general director of RT-Finance, a subsidiary of the state corporation Rostec. He will retain the position of the chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AvtoVAZ on the part of VEB. TASS was informed about this in the press service of the company.

As CEO of RT-Finance, Sapelin will focus on consolidation financial assets within the corporation; and the development of corporate financial services.

His responsibility will also include the formation of financial statements corporations according to IFRS standards (in 2016 the corporation will for the first time switch to full-fledged reporting according to international standards), attracting investment resources in order to implement the corporation's strategy and ensuring the liquidity of the group as a pull leader.

VEB unloads steel

VEB made an offer last week former owners"Amurmetall" on the buyback of the enterprise, said "Kommersant" deputy chairman of the state corporation, chairman of the board of directors of the plant Andrei Sapelin. The offer will be valid for 45 days. If the deal fails, another strategic investor will be found for Amurmetal.
link: http://www.kommersant.ru/doc/ 1957230

VEB sells Amurmetal

This was announced by Andrey Sapelin, Deputy Chairman of VEB, Chairman of the Board of Directors of Amurmetall. The offer will be valid for 45 days. If the deal fails, another strategic investor will be found for Amurmetal.
link: http://www.metalindex.ru

Vnesheconombank sells Amurmetal

Deputy Chairman of the State Corporation "Development Bank and foreign economic activity", The chairman of the board of directors of OJSC Amurmetal, Andrey Sapelin, announced that in early June the bank put forward an offer for the buyback of OJSC Amurmetal to ex-owner Alexander Shishkin. Uralvagonzavod is considered a more real buyer. The offer is valid for 45 days, if the purchase does not take place, another investor will be looked for. Complications with the transaction may be caused by new threat bankruptcy (at the moment, the debt of the Far Eastern electrometallurgical plant is 28 billion rubles).
link: http://truba24.ru/analitics/ publication / 500

VEB put Amurmetal up for sale

The former owners of the Amurmetal enterprise recently received an offer from VneshekonomBank for the buyback of the former property. This was stated by Andrey Sapelin, Deputy Chairman of the Board of VEB and Chairman of the Board of Directors of Amurmetal.
link: http://www.kamasteel.com/news/

Amurmetal sell

The only metallurgical production in the Far East is put up for sale, as VEB plans to sell Amurmetall, the only Far Eastern company specializing in ferrous metallurgy. This information was provided by the chairman of the board of directors Sapelin Andrey. Back in 2008, there was a threat of closure over the enterprise, but the production was saved with the participation of V.V. Putin (head of the cabinet of ministers).
link: http://www.monsteelcon.ru/ novosti-otrasli / amurmetall- prodaiut

Will the Ural defense workers save our Amurmetal?

“Amurmetal came to us in 2010 as a complete bankrupt,” said VEB Deputy Chairman Andrei Sapelin, who is also the current head of the board of directors of the Komsomol Metallurgical Plant.
link: http://hab.mk.ru/news/

The only one in the Far East Federal District the metallurgical plant is up for sale!

The sale was announced by Andrey Sapelin, Deputy Chairman of VEB and Chairman of the Board of Directors of Amurmetall. Vnesheconombank acquired the plant in 2008 from private owners. he was on the verge of bankruptcy. Now the company was offered to buy out the former owner Alexander Shishkin. This offer will be valid for 45 days, after which the plant will be offered to other investors. Most likely, it will be the only tank manufacturer in Russia - Uralvagonzavod. "Negotiations are underway" - informs general manager UVZ - Oleg Sienko - “We want to add additional redistributions and provide metal for our production and our partners”. However, it is not yet known with what funds and at what price Amurmetal will be purchased.
link: http://www.rudmet.ru/news/315/? language = ru

Amurmetal came under the control of Vnesheconombank

The shareholders of Amurmetal JSC at an extraordinary meeting on October 14, elected new advice of directors, which included representatives of Vnesheconombank Andrey SAPELIN and Oleg DEMIDOV.
link: http://www.urm.ru/en/news.0- article1778-act.info.html

Along with the change of ownership at Amurmetal, there will also be a change of management

It is noteworthy that the change of owner at the enterprise is accompanied by a change of top management. On October 14 last year, at an extraordinary meeting of shareholders, a new board of directors of Amurmetal was elected, which included representatives of VEB Andrey Sapelin and Oleg Demidov, and now Sergey Khokhlov, who has been in charge of the plant since 1997, leaves the post of head of the Amurmetal management company. Mr. Khokhlov, elected deputy of the Legislative Duma Khabarovsk Territory in the elections on March 14, by decision of the General Council of "United Russia", he will head the regional parliament (his election should take place today at the first meeting of the Duma). To carry out his duties, according to Kommersant, while there is one of the deputies.
link: http://www.metalindex.ru/news

Former CEO of Amurmetal resigns from the board of directors

The seats on the board of directors were retained by the head of the industrial assets management of VEB Capital Dmitry Bochkarev, former co-owner of Evraz, member of the board of directors of Vladivostok Sea Fishing Port OJSC Alexander Katunin, CEO of Siberian-Amurskiy Metall LLC (Amurmetall's managing company) Yuri Lyashok, Chairman of the Board of the Far Eastern Bank of Sberbank of the Russian Federation Valery Pytnev, Head of the Department of the Russian National Bank Igor Stolerov and Director of the Industry Department of Vnesheconombank Andrey Sapelin.
link: http://www.rosinvestproekt.ru

Andrey Sapelin and Mikhail Poluboyarinov appointed to the positions of Deputy Chairmen of Vnesheconombank

The Supervisory Board of Vnesheconombank made a decision to appoint Andrey Yuryevich Sapelin and Mikhail Igorevich Poluboyarinov to the positions of Deputy Chairmen of Vnesheconombank.
link: http://www.dv-reclama.ru/

"Rich is not the one who has a lot, but the one who gives a lot"

Since the receipt of the first tranche, representatives of VEB, headed by A.Yu. Sapelin received half of the seats on the Board of Directors of the enterprise, and since the summer of 2010 - the majority of seats. In addition, they gained control over management company, which, at the request of VEB, did not change.
link: http://www.zahvat.ru/show

VEB will sell the Far Eastern enterprise rescued by Putin

VEB will sell the only one on Far East the ferrous metallurgy enterprise Amurmetall, which was rescued in 2008 with the participation of then Prime Minister Vladimir Putin. Last week, the state corporation put forward an offer for the buyback of the enterprise. This was announced by the chairman of the board of directors of the plant Andrei Sapelin.
link: http: //mrvorchun.livejournal. com / 2750826.html

VEB is trying to establish the production of aircraft with less than 50 seats

“We have a large country with a low population density, so we need to produce regional planes of up to 50 seats flying over short distances. So far, there is no such product in the UAC line. We are discussing this issue with an aircraft building company, ”Deputy Chairman of Vnesheconombank Andrey Sapelin said at a meeting with journalists yesterday. According to him, VEB is inner work according to the aircraft design up to 50 seats. For private investors, such projects are still unattractive, so “we see a fundamental need to participate in it,” noted the top manager of VEB.
link:

Andrey Sapelin from VEB has been appointed general director of RT-Finance, a subsidiary of Rostec State Corporation. He will retain the position of chief advisor to the chairman of Vnesheconombank, and will also remain a member of the board of directors of Avtovaz on the part of VEB. TASS was informed about this in the press service of the company.

As CEO of RT-Finance, Sapelin will focus on the consolidation of financial assets within the corporation and the development of corporate financial services.

His responsibilities will also include the formation of the corporation's financial statements in accordance with IFRS standards (in 2016 the corporation will for the first time switch to full-fledged reporting in accordance with international standards), attraction of investment resources in order to implement the corporation's strategy and ensure the group's liquidity as a pull leader.

Sapelin will also remain a member of Avtovaz's board of directors on behalf of VEB.

Earlier Sapelin, from 2013 to October 2016, was the first deputy chairman of VEB, before that for six years he also held executive positions at Vnesheconombank. During the period of work at the Institute for Development, he provided successful implementation deals aimed at supporting the largest Russian companies during the period economic crisis 2008-2009 years.

In addition, he headed project teams that implemented projects for the construction of the largest terminal for the shipment of oil products in the port of Ust-Luga, the reconstruction of the Khabarovsk refinery, the construction of the largest polypropylene production complex in Tobolsk, and a nitrogen fertilizer production complex in Mendeleevsk. Supervised the financing of the main industrial projects by the bank.

Andrey Sapelin, who previously held the position of First Deputy Chairman of Vnesheconombank, has been appointed General Director of Rostec's subsidiary, RT-Finance. The company will combine the main financial assets of the corporation.

Andrey Sapelin served as First Deputy Chairman of VEB since 2013. Prior to that, he held executive positions at Vnesheconombank for six years. During his tenure at the company, he ensured the successful implementation of transactions aimed at supporting the largest Russian companies during the economic crisis of 2008-2009. In addition, he headed project teams that implemented projects for the construction of the largest terminal for the shipment of oil products in the port of Ust-Luga, the reconstruction of the Khabarovsk refinery, the construction of the largest polypropylene production complex in Tobolsk, and a nitrogen fertilizer production complex in Mendeleevsk. Supervised the financing of the main industrial projects by the bank.

The appointment of Andrey Sapelin to the position of CEO of RT-Finance is an important step for the development of the financial assets of the State Corporation

Sergey Chemezov, CEO of Rostec

As CEO of RT-Finance, Andrey Sapelin will focus on the consolidation of financial assets within the corporation and the development of corporate financial services. He will also be responsible for attracting investment resources in order to implement the corporation's strategy, and prepare financial statements in accordance with IFRS. Recall that in 2016 the corporation will for the first time switch to full reporting in accordance with international standards.

“The appointment of Andrey Sapelin as CEO of RT-Finance is an important step for the development of the corporation's financial assets. Having colossal experience in the financial sector, Andrey Sapelin on the part of VEB oversaw the financing of the investment program of KAMAZ and AVTOVAZ, since 2013 he has been a member of the board of directors of AVTOVAZ, - said Rostec CEO Sergei Chemezov. - I am sure that a deep understanding of the specifics of the State Corporation and experience in banking structures will significantly improve the level of management financial institutions corporations ".

Andrey Sapelin will retain the position of the chief advisor to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AVTOVAZ on the part of VEB.

In the future, the banking structures in which the corporation owns a block of shares will be transferred to the management loop of RT-Finance. pension funds, insurance subsidiaries. The goals of the company are to consolidate core financial assets to improve the efficiency of their management, to create synergies between financial, banking and insurance services.

Rostec created centralized system redistribution of funds within the group, implemented on the basis of RT-Finance. As of November 1, 2016, the volume of funds raised by RT-Finance amounted to about 7.7 billion rubles. On a daily basis, operations are carried out to attract temporarily free funds to the pool and provide intra-corporate financing.

On the basis of RT-Finance, a mechanism has been introduced that allows, using loan agreements, to accumulate temporarily free funds of the corporation's organizations on the accounts of RT-Finance. Further, these funds can be redistributed between Rostec organizations or placed in highly reliable financial instruments.

The purpose of the implemented mechanism of intracorporate financing is to increase liquidity, solvency, financial sustainability organizations of the group, as well as a decrease in the cost and volume of external debt financing.

"Basic economic effect Rostec organizations receive from intracorporate financing operations: borrowers - in the form of savings from reducing interest rates on borrowed financing from the pool-leader of the corporation, lenders - in the form of additional income from the increase in the rate of placement of temporarily free funds in the pool-leader of the corporation ", - explained the CEO of RT-Finance Andrey Sapelin.

The volume of attracted funds from the pool as of November 1, 2016 amounted to about 7.7 billion rubles. To date, RT-Finance has concluded more than 340 agreements with Rostec organizations to attract temporarily free funds to the State Corporation's pool and provide financing to its organizations.

Internal corporate governance system created at Rostec in cash ensures the execution of the instructions of the President of Russia and the directives of the Russian government on the creation of unified treasuries in state-owned companies and public corporations in terms of centralization of management financial flows group and is the maximum effective way use of available temporarily free funds of the group's organizations.

RT-Finance is a 100% subsidiary of the State Corporation. Created in 2015 to implement and develop the financial, budgetary, dividend, credit policies of Rostec, as well as holdings and direct management organizations that are part of the State Corporation. The tasks of RT-Finance include centralizing the management of financial flows of the group of companies, maximizing the return on investment of free financial resources, minimization of the cost of interest on loans with the maximum benefit for the group of companies, the distribution of resources within the corporation.

 

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