A Novosibirsk Refinery had a new owner

On 5th, June the Auction House of the Russian Federation (the AHRF) held an auction for the sale of 100% block of shares of JSC Novosibirsk Refinery from a Forecast Plan of Privatization for 2014-2016.
The main activity of the factory is production and refining of precious metals, production of weighted bullion bars of precious, rare and non-ferrous metals, as well as production of intermediate products and chemical compounds.
The enterprise operates, the contracts for production delivery to the largest enterprises of Russia are available.

Two bidders took part in the auction.
A Buyer, the LLC Center of Property Management, purchased the Lot for 880 million rubles.

A production of Novosibirsk factory is of excess demand abroad, meets international standards and has necessary certificates. It’s evaluated by the LBMA associate and is included in the Good Delivery list. At the same time the factory needs a serious modernization and additional capitalization.
The factory located in Oktyabr’skiy District of Novosibirsk.
A total area of industrial buildings is 15.9 thousand sq. m, a land plot area is 3.3 ha.

“Investments in precious metals evaluated by investment funds and investment banks as high-yielding and low-risky. This is a good alternative to investments in real estate and hard currencies.
Now production capacities are not fully deployed, there is an exigency in efficient enterprise management, expansion of sale market and involvement of new raw material suppliers.
We are sure that the new Owner will succeed in these problems solution and take the factory to a new level, consolidated its positions in Russian and foreign markets”, – tells Anzhelika Imanova, Deputy General Director of the AHRF.