Silovye Mashiny to Become Basis for National Energy Machine-Building Corporation

MOSCOW, June 9 (RIA Novosti) - The Interros holding company intends to create an energy machine-building corporation on the basis of the Silovye Mashiny concern, Interros deputy director general Sergei Batekhin said.

The state or an appropriate foreign investor may be a shareholder of the corporation, he continued.

The forms of the state participation in the corporation may differ: either to purchase shares or to contribute core assets, Batekhin said.

In his opinion, the share of the state in the corporation will be no less than a blocking shareholding. "To our mind, it would be more expedient for the state to choose a blocking stake option," the Interros deputy director general said.

Speaking about foreign investors, who can enter the corporation, he said: "We are interested in cooperating with Siemens and also with other biggest international companies in the sphere of energy machine-building."

Mr. Batekhin added that the participation of a foreign investor in the corporation can be at the level of not more than a blocking stake.

"Control must remain in the hands of the Russian side: the state and the Interros," he underscored.

In his opinion, the question of the state entering the corporation must be settled within half a year, before the state takes a decision on the rules of the participation of foreign investors in the strategic industries.

Today, Igor Klochko has been elected the head of the company. Earlier, he occupied the post of the president of the Atomstroiexport private company.

The Silovye Mashiny concern is the leading Russian producer and supplier of equipment for hydraulic, thermal, gas and atomic electric stations and for transmission and distribution of electric energy, and also of transport and railway equipment.

The concern includes the Leningrad Metal Plant, the Electrosila, the Turbine Blade Plant, the Polzunov Scientific and Industrial Association (St. Petersburg), the Kaluga Turbine Plant (Kaluga) and the Energomashexport sale company. The equipment, produced by the concern's enterprises, has been installed in 87 countries. The shares of the Silovye Mashiny are quoted in the Russian Trade System (RTS).

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