USC changed its mind about buying the Zvezda shipyard in Bolshoy Kamen – the holding could not find the funds for it

The deal to include the Zvezda shipyard in the United Shipbuilding Corporation has been cancelled; the state holding does not have the funds for it, Interfax reports, citing VTB CEO Andrei Kostin. Initially, the amount in question was about 250 billion rubles – that was how much Rosneft estimated the costs incurred in building the shipyard. Now it has become known that the enterprise in Bolshoy Kamen will remain with the oil company for now.
“The assessment is no longer ongoing. There is no deal anymore. And there won’t be one… Because USC does not have the funds yet, and there is an effective owner there, who will continue to work. The topic is closed,” VTB CEO Andrei Kostin told reporters on the sidelines of the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP). Recall that in November it became known that the oil company had asked President Vladimir Putin to approve the sale of Zvezda, as well as the Primorsky Metallurgical Plant (it should provide the shipyard with large-format steel sheets) and other design companies. The request indicated an asset valuation of 250 billion rubles, corresponding to their nominal value.
Earlier, Kostin said that the issue of the Zvezda shipyard joining USC had been agreed upon in principle, and the parameters of the upcoming transaction were planned to be discussed after an assessment of the financial condition of the shipbuilding complex, which was to be completed by the end of the first quarter of 2025. Negotiations began in November last year and were to be completed by March.
The Zvezda shipbuilding complex is being created on the basis of the Far Eastern Shipbuilding and Ship Repair Center (FESSRC) by a consortium of Rosneftegaz JSC, Rosneft Oil Company PJSC and Gazprombank. The pilot loading of the complex is provided by Rosneft with an order for 28 vessels. Currently, the shipyard’s portfolio includes more than 60 vessels, including a nuclear icebreaker of the Lider project, new-generation tankers, Arctic shuttles, gas carriers, and multifunctional supply vessels.

Original:

ОСК передумала покупать судоверфь «Звезда» в Большом Камне – холдинг не нашёл на неё средств – Новости Владивостока на VL.ru