|About Us||Products And Services||Investor Relations||Sustainability||Media center||Contacts|
Prior to the restructuring, OJSC LSR Group had a 90% stake in Aeroc International AS that owned assets such as:
- OOO Aeroc SPb – 100%. OOO Aeroc SPb is an aerated concrete plant located in Russia (St. Petersburg). Its average annual output in 2009 was 380,000 cub.m of aerated concrete.
- OOO Aeroc– 100%. OOO Aeroc is an aerated concrete plant located in Ukraine (Berezan). Its average annual output in 2009 was 290,000 cub.m of aerated concrete.
- OJSC Aeroc Obukhiv – 97.3%. OOO Aeroc Obukhiv is an aerated concrete plant located in Ukraine (Obukhiv). Its average annual output in 2009 was 280,000 cub.m of aerated concrete.
- Aeroc SIA – 100%. Aeroc SIA is an aerated concrete plant located in Latvia (Saulkalne). Its average annual output in 2009 was 180,000 cub.m of aerated concrete.
- Aeroc AS – 100%. Aeroc AS is an aerated concrete plant located in Estonia (Andja). Its average annual output in 2009 was 220,000 cub.m of aerated concrete.
- Aeroc UAB – 100%. Aeroc UAB is an aerated concrete dealer based in Lithuania (Vilnius), the owner of plots of land with a total area of 4.4 ha (Kлdainiai).
- CJSC Scanex - 100%. CJSC Scanex is a dry mix plant in Russia (St. Petersburg).
As a result of the restructuring, OJSC LSR Group has retained the ownership of the most profitable assets, and is the sole shareholder in most of them:
- OOO Aeroc SPb – 100%
- OOO Aeroc – 100%
- OJSC Aeroc Obukhiv – 97.3%
- CJSC Scanex - 100%
The AEROC brand ownership title is retained by OJSC LSR Group.
Alexander Vakhmistrov, the CEO and the Chairman of the Executive Committee of LSR Group, commented:
“The Baltic States are not the strategic geographical region for LSR Group. Also, the difficult economic situation in Lithuania, Latvia and Estonia which occurred even before the global crisis of 2008 – 2009 makes it impossible to refer to our assets there as profitable. This deal allows us fully concentrate our resources on our strategic markets to ensure sustained growth of our business.”
Note to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.
In 2009, the sales revenues of LSR Group were RUR 51,024 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.
THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.
THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES, OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful. Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.
The materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, the materials are being made available only to, and are directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49(2)(a)-(d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Other persons should not rely or act upon the materials or any of their contents.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.
Confirmation of understanding and acceptance of disclaimer
I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other territory where to do so would breach applicable local law or regulation.
I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.
We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.
You have indicated that you are located in the United States. These materials are not intended for, directed at or accessible by persons located in the United States. However, persons located in the United States that make the below certifications can access these materials. Please read the certifications below carefully and provide the information requested in order to access these materials. If you cannot make the below certifications, please exit this page.
“We are a “qualified institutional buyer” (a "QIB") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Further, if we are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a QIB, (b) we have investment discretion with respect to each account, and (c) we have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account.”
“We acknowledge that the materials relate to a transaction that is not subject to, or is only available in the United States pursuant to an exemption from, the registration requirements of the Securities Act.”
By clicking “I AGREE” below, you are certifying that the certifications and information provided are accurate and that you would like to access the materials. You agree that the materials you access are for your own use and will not be distributed to any person outside of your organisation.