Tag: AFK Sistema

In Russia, the widespread introduction of multi-storey wooden housing construction will be ensured

The Ministry of Construction and the Ministry of Emergency Situations of Russia have approved an Action Plan (roadmap) for the development of wooden housing construction for the period up to 2024. The document provides for the organization of...

Russian timber industry news #21-2016

– AFK Sistema owned by billionaire Vladimir Yevtushenkov made a public proposal of the purchase of all shares of Finnish house-building company Honkarakenne at the price of €1.5 per share. According to Finnish newspaper Helsingin Sanomat, the CEO...

AFK Sistema officially announced its purchase of Investlesprom holding

Vladimir Yevtushenkov’s Sistema group of companies officially announced acquisition of Investlesprom assets on April 4. It is one of the largest timber industry companies in Russia. Legal completion of the transaction requires the consent of the antimonopoly authorities,...

AFK Sistema may invest €1 billion to revive Polar Bear project at Segezha PPM

Vladimir Yevtushenkov’s AFK Sistema is ready to invest €1 billion into the Polar Bear project which involves the production of bleached softwood and bleached hardwood pulp, as well as non-bleached pine pulp at Segezha PPM (Karelia). Investlesprom holding...

AFK Sistema holds negotiations to acquire Investlesprom from VTB bank

AFK Sistema holds negotiations with VTB bank to acquire Investlesprom holding, one of the largest Russian forest industry companies, as RBK St. Petersburg agency said quoting major Sistema’s shareholder Vladimir Evtushenkov. He said the value of the deal...