Transmashholding (TMH) bought 20.11% from the Canadian Bombardier in the Oktyabrsky Electric Car Repair Plant (OEVRZ, St. Petersburg), it follows from the company's announcement. Now TMH belongs to 94.22%. The remaining shareholders are private individuals.
The basis by virtue of which the person acquired the right to dispose of the shares came on June 9 after the shareholders' meeting. According to Interfax, the plant learned about this on Monday. The reason for the change in the structure of shareholders was "failure to make a decision on dividend payment on preferred shares", as a result of which preferred shares became voting.
Representative TMH confirmed the information on the deal, but did not disclose its details and amount. His colleague in Bombardier did not reply to Vedomosti's request. A representative of the FAS noted that the agency did not receive a request for a transaction.
The plant specializes in the production and overhaul of subway cars, the repair of passenger cars, the modernization of trams, the formation and repair of wheel sets. Analyst "Finam" Alexei Kalachev estimates the plant at 1-1.3 billion rubles. That is, the amount of the transaction could amount to 220-300 million rubles.
The company's revenue in 2016 amounted to 4.5 billion rubles. (+ 36% by 2015), net profit - 2.7 million rubles. (In 2015 there was a loss of 128 million rubles.) More than half of the proceeds came from the production of subway cars. In 2017, the plant plans to receive up to 10.2 billion rubles. Revenues, and net profit according to the plans will amount to 91.5 million rubles. The existing portfolio of orders of factories for the production and repair of cars for the Moscow and St. Petersburg metro allows you to approach these plans, says Kalachev. But, in his estimation, the profitability of production at the enterprise is low - probably, this is the reason for Bombardier's decision to withdraw from the company's capital. Perhaps, the Canadian company decided to participate in competing projects for the production of subway cars. Interest in Bombardier technologies in the past was shown, for example, by Uralvagonzavod, but this cooperation did not take place, as the UVZ came under sanctions. TMH can use shares of OEVRZ in transactions, Kalachev believes. Now TMH is negotiating the acquisition of the Hungarian manufacturer of cars - the company Dunakeszi.