The Gargžda factory is no longer in Russian hands after 22 years: the owner has blamed “anti-Russian rhetoric” | Business

This was first reported by the portal vz.lt.

The company’s shares were sold to the French by the unwanted Russian businessmen Sergey Kolesnikov and Igor Rybakov in Poland, the portal indicates.

in 2023 in the fall of the Russian Internet portal kommersant.ru when asked if he intends to sell all his companies abroad, S. Kolesnikov said that Technonikol looks at each country separately.

Technonikol, specializing in the production of building materials and systems, in addition to Russia, Technonikol also managed companies in Italy, Germany and Lithuania.

S. Kolesnikova said that he does not see a lot of “anti-Russian rhetoric” in Germany and Italy, but he did not mention Lithuania among them.

“We withdraw from those countries where there is a very strong anti-Russian sentiment, where banks do not want to work with companies with Russian roots, whose management is not very loyal. For example, from Scotland. Germany and Italy are not yet at the forefront of anti-Russian rhetoric. So far, we see that they allow us to work there, so we feel more or less secure in Western Europe”, – kommersant.ru he said.

The Russian billionaire also said that the company no longer invests in Europe.

“Yes, we have frozen investments in Europe for now. First, it is prohibited by law. We have a currency cordon between Russia and unfriendly countries. And, of course, it is foolish to invest there, because now the property right, which was immovable, has become very ephemeral. In the last year and a half, the value system has completely changed. What was considered safe has become dangerous, and vice versa,” he told the publication.

“Mida LT” until 2011 was better known as “Gargžda mida” currently employs 91 employees.

Last year, the company received 38.2 million EUR income and EUR 387,847 profit. in 2022 the results were better – “Mida LT” received 46 million EUR income and earned 3.55 million. EUR net profit.

Before the Russian invasion of Ukraine, the Technonicol group itself operated factories in six countries: Russia, Germany, the United Kingdom, Italy, Lithuania and Poland

in 2023 in July, the factories managed by Technonicol in Poland were expropriated, and the factories in the United Kingdom, according to S. Kolesnikov, the group was “forced to sell”.

In an interview with Kommersant, the businessman said that the loss due to the expropriation of the factory in Poland might reach 160 million. euros and said that Technonicol had already filed a lawsuit once morest the Polish government. However, even if the factories are sold, S. Kolesnikov said that he does not expect to receive the money.

According to Forbes, the value of S. Kolesnikov’s property is 1.2-1.4 billion. US dollars.

The then “Gargždų Mida” was purchased from the Western Lithuanian industrial and financial corporation “Technicol” back in 2002. at the beginning

60.33 percent a block of shares, the nominal value of which exceeded 5.75 million litas, was sold for 1.2 million. litas (regarding 350 thousand euros). It was purchased through Oxford Limited.


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2024-07-11 02:29:33

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