Internet Partner

Radio Partner

Official Exhibition Publication

Info
partners:

Home → Media » Russian Helicopters, JSC Finalized the Consolidation of Holding’s Assets

Russian Helicopters, JSC Finalized the Consolidation of Holding’s Assets

Moscow/28 December 2010 – Russian Helicopters, JSC, that makes part of UIC Oboronprom, consolidated control stock of all Russia’s rotorcraft-building enterprises, thus finalizing main formation stages of united Russian holding that deals in helicopter design, manufacture and servicing.

Within the scope of the final stage Russian Helicopter acquired 1,202,973,854 ordinary registered shares of Rostvertol, PLC bringing its ownership of company’s equity from 22.76 % to 75.06 %.

Russian Helicopters acquired these shares with borrowed funds.

Currently Russian Helicopters, JSC owns the following helicopter-building enterprises’ share packages:

∙ Mil Moscow Helicopter Plant, JSC – 72.38 % of company’s equity, 2,524,636 ordinary registered shares, 494,370 preference shares;

∙ Kamov, JSC - 99.79 % of company’s equity, 1,360,447,119 ordinary registered shares;

∙ Stupino Machine Production Plant, JSC – 59.9987 % of company’s equity, 89,680 ordinary registered shares;

∙ Ulan-Ude Aviation Plant, JSC - 75.09 % of company’s equity, 200,687,483 ordinary registered shares;

∙ Kazan Helicopters, JSC - 65.90 % of company’s equity, 101,929,459 ordinary registered shares;

∙ Kumertau Aviation Production Enterprise, JSC - 100 % of company’s equity, 377,647 ordinary registered shares;

∙ Helicopter Service Company, JSC - 100 % of company’s equity, 165,000,000 ordinary registered shares;

∙ Reductor-PM, JSC - 80.84 % of company’s equity, 5,497 ordinary registered shares;

∙ Progress Arsenyev Aviation Company, JSC, named after N.I.Sazykin - 74.97 % of company’s equity, 301,166 ordinary registered shares;

∙ Rostvertol, PLC - 75.06 % of company’s equity, 1,726,445,119 ordinary registered shares.

In 2008-09 in order to centralize control functions Russian Helicopters, being a 100% subsidiary of UIC Oboronprom, became the management company of all enterprises that make part of RH holding. This ensured introduction of the common policy in production, marketing, sales and service support. As a result, helicopters’ sales increased.

Current changes in the Russian Helicopters ownership of assets are linked to the company’s plans on further development and perspective projects’ implementation. Company’s strategic aim is to strengthen its positions on the global rotorcraft market.