March 26, 2007
METROPOL Group of companies sold its share in holding «Russian accumulators»
The transaction on sale by METROPOL Group of companies of its
shares of holding «Russian accumulators» to the second large
shareholder of the holding «Power International» took place. As a
result «Power International» became the owner of 80 % of shares of
the largest accumulator holding in Russia.
The management of METROPOL Group considers the transaction to be
a success. As financial structure, METROPOL carried out organizing
and structuring of the holding. Today the Group plans to invest the
means in new perspective projects. Making a decision on sale of the
part of holding, the management of Group of the companies
considered some variants. However with a view of optimization of
business the decision on sale of actions to the second large holder
of actions was accepted.
The company «Power International» will continue construction of
highly effective business on manufacture of accumulators with the
subsequent conclusion of «Russian accumulators» to the financial
markets, including possible IPO.
The transaction took place proceeding from an estimation of the
holding «Russian accumulators» in 100 million US dollars.
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