Russian Technologies State Corporation plans to carry out IPO of investment-attractive holding companies until 2015; the Corporation’s development strategy for the period until 2020 confirms the fact, Finmarket reports.
During IPO Russian Technologies will sell a number of owned blocks. The funds gained during IPO will be used for forming the direct investment fund, which will be acquiring the national and foreign assets.
Russian Helicopters (forming part of Oboronprom) has the highest degree of readiness for the IPO among the companies controlled by Russian Technologies. Oboronprom has cancelled the IPO of Russian Helicopters in May due to poor conjuncture. Russian Technologies plans to carry out IPO of the world’s largest titan manufacturer – VSMPO Avisma - in 2014.
The M&A process will be carried by Russian Technologies among the foreign players with necessary competencies (network of services, technologies, distribution network or brand).
Russian Technologies intends to carry out IPO of all the holdings, excluding non-capitalized ones, holdings, which are fully depending on the State Defense order and state support or the ones with a long-term development cycle, by 2020. During IPO Russian Technologies will contract out of the capital of holdings, which do not require the state support.
Russian Technologies plans to diversify its product portfolio (in addition to the currently manufactured radio electronics, avionics, aircraft equipment, conventional arms, ammunition, helicopters, engines and cars). The State Corporation is considering such areas as production of medical equipment, pharmaceutics, bio-technologies, machinery and equipment for the key economy sectors, energy- and resource-saving equipment, telecommunications equipment and composites.
The share of these areas in the Corporation’s revenues should increase from 4% to 13% by 2020. And the total revenues of Russian Technologies’ companies will increase 3.5 times to 2.1 trillion rubles.
Russian Technologies believes that all the holdings, excluding Russian Helicopters and Radio-electronic Technologies, will increase the share of civil products and thus the total share of civil products will increase to 75% by 2020.
25 holding companies are forming part of the State Corporation. The civil industries are presented by: AutoVAZ, KAMAZ, VSMPO-Avisma, Russian Electronics, Skartel (provides WiMAX services under the brand of Yota), Sirius (develops Russian software), RT-Metallurgiya, RT-Mashinostroenie, RT-Energoeffectivnost’, RT-Biotechprom.
The share of Russian Technologies in the defense holdings will be decreased to 50% plus one equity, in the strategically significant civil assets and enterprises using double-purpose technologies – to 25% plus one equity. Russian Technologies plans to contract out of not strategically significant civil companies or to have 25% share in them.
Russian Technologies will become a joint stock company in 2014.