Samolet group announced the signing of an agreement to purchase 100% of the MIC group from the company’s majority shareholders, Andrey Ryabinsky, Alexander Kopylkov and others. This is stated in the “Airplane” message.
MIC is one of the largest development groups in the Moscow region. It should be noted that as a result of the transaction, Samolet’s current construction volume will increase to 4.2 million square meters.
The Vedomosti newspaper, citing sources, reports that the transaction amount amounted to 44 billion rubles.
The transaction involves the transfer to the Samolet Group of all the existing businesses of the MIC Group: land, projects under construction, management companies and other tangible and intangible assets.
The agreement included 11 projects in the design and construction stage, as well as more than 50 companies that were part of the MIC Group. They will be integrated into the Moscow business unit, which is responsible for the implementation of Samolet Group projects in Moscow, New Moscow and the Moscow region.
“The acquisition of MIC allows us to implement Samolet’s strategy of increasing the land reserve by 1.1 million square meters. and the growth of market share in the Moscow region by 5 percentage points. before 18%. We are ready to integrate the team and launch sales of all apartments, renovated and fully furnished according to Samolet Moscow standards,” said Andrei Ivanenko, general director of Samolet Moscow, quoted in the press service.
It should be noted that the MIC Group’s debt portfolio is formed entirely through project financing, there is no corporate debt. All obligations to buyers of real estate and clients of management companies will be transferred to Samolet, and the company undertakes to fulfill them in full.
Samolet’s plans to buy the MIC group were first known in June; The transaction amount was estimated at 40-60 billion rubles. Experts described the operation as the largest in the residential development segment.
Author:
Anastasia Marina
Source: RB
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