Kommersant: Viktor Kharitonin purchased Kama PPM for 36 billion rubles

Viktor Kharitonin, co-owner of Pharmstandard (a pharmaceutical group), closed the deal on purchasing Kama LLC that controls the only production venue of coated cardboard in Russia. The final transaction amount was 36 billion rubles, 15 billion rubles out of which was the value of the company’s assets and 21 billion rubles, the company’s debt to Otkrytiye Bank, whose money was used for production development. Kama LLC comprises Kama Karton LLC, Kama PPM, Kamabumprom LLC, and Kamabumprom Ochistka LLC.

Kama has synergy with Viktor Kharitonin’s core business: Pharmstandard entities produce over 1.7 billion medicine packages per year, and the company is a major buyer of packaging cardboard. Mr. Kharitonin has previously tried to purchase another pulp and paper mill, Mondi Syktyvkar in Komi, but the deal was not authorized by Russian authorities and therefore stalled.