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EmAlyans Selling to Western Investor
// The company is getting ready for IPO
Machine-building company EmAlyans announced on Tuesday it plans to sell the blocking package of its shares by the end of 2007. The most probable buyer of the shares is French holding Alstom, and the deal’s cost might reach $130-150 million. Experts say that Alstom’s entering into EmAlyans’s capital as a strategic investor will allow the latter to make its shares more attractive before the upcoming IPO.
EmAlyans might sell the blocking package of its shares in autumn to French holding Alstom. Ahead of the IPO scheduled for 2008, the shares will be offered not only to Alstom, but also to Western investment funds. Thus, the company might acquire several minority shareholders by the end of the year. Chairman of Board Evgeny Tugolukov is now the company’s sole owner.
EmAlyans does not disclose the cost of the future deal. The entire company might cost between $400 million and $800 million. Experts explain the estimation’s twofold range by saying that the company’s cost will greatly depend on its portfolio of orders by the time of selling its shares.
The structure of EmAlyans’s assets has changed considerably in 2006. The company lost control over one of its key assets – Podolsk machine-building factory.
www.kommersant.com
All the Article in Russian as of Mar. 07, 2007
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