Company Overview of Machinery & Industrial Group N.V.
Machinery & Industrial Group N.V. manufactures facilities and spare parts for light and heavy engineering and off-road machinery in the Russian Federation, CIS countries, and internationally. It offers industrial tractors and equipment for use in mining industry, oil and gas sector, energy sector, in road and infrastructure building, in municipal area, and in forestry applications; tractors and machine-tractor aggregates; diesel engines and diesel power stations; and spare parts for industrial tractors, excavators, agricultural and skidding equipment, consumer goods, forgings, and core-mold and iron castings sectors. The company also provides freight cars, components, and spare parts for the...
Key Executives for Machinery & Industrial Group N.V.
Chairman of the Board and First Vice-President
Deputy General Director of Corporate Finances and Economy
President of Agromasholding Ltd
Head of Division of Railroad Casting & Car-Building and Deputy General Director
Compensation as of Fiscal Year 2013.
Machinery & Industrial Group N.V. Key Developments
VEB Reportedly To Sell Stake Its Stake In M&IG To Uralvagonzavod
Jul 9 13
Vnesheconombank (VEB) is seeking to sell Machinery & Industrial Group N.V (M&IG) from UBT-Uralvagonzavod JSC, Kommersant reported citing several market sources. The stake will likely be sold through the conversion of M&IG more than RUB 18 billion ruble debt to VEB into the charter capital of M&IG and share conversion with Uralvagonzavod. The amount of VEB’s future stake in Uralvagonzavod has yet to be defined. “This will depend on the appraisal which has yet to be conducted,” one of the sources said. The total debt of M&IG is more than RUB 35 billion.
Machinery & Industrial In Acquisition Talks For Sale Of Promtractor-Vagon
Feb 25 13
Kommersant reported citing sources that Machinery & Industrial Group N.V. might sell its key rail car asset, Promtractor-Vagon for the repayment of its RUB 32.3 billion syndicated loan. One of the sources said, "The debt problem could be partially resolved by the sale of one of the firm’s core assets; this option has been discussed for a long time." Sources added that Machinery & Industrial Group is in acquisition talks with ICT Group. ICT was ready to offer only RUB 13 billion rubles for the asset when Machinery & Industrial had asked for RUB 26 billion. Prime News said that ICT and Machinery & Industrial declined to comment on the matter. Market sources also said that China CNR Corporation Limited had offered RUB 15.6 billion, but the Russian authorities would not welcome the entrance of Chinese companies on the Russian rail car market.
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