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A1 Has Become a Shareholder of OJSC MTP

August 09, 2012. TAG: Investment

А1, an investment company, has announced its purchase of 29.17% of shares of voting stock in OJSC Moscow Tire Plant (MTP).

А1 has also entered into an agreement with Specialized State Unitary Enterprise (SSUE) for selling of property of the city of Moscow, thereunder А1 will act as an authorized buyer search agent to facilitate sale of 66.6% of shares of voting stock in OJSC MTP, currently held by the Moscow City Property Department.

Through its involvement in the above selling process, А1 will be able to render to Moscow City Government agencies maximum possible assistance in selling shares in OJSC MTP at fair price. The acquisition of a large package of shares in OJSC MTP and the status of a major creditor will also allow А1 to participate in the ambitious Moscow living environment creation and largest industrial city territories redevelopment projects.

A1

A1 is one of the leading players on the investment market in Russia and the CIS making equity investments in various industries, pursuing the interests of its shareholders, clients and partners. A1 focuses on investment projects of two types: special situations and growth strategies. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy. A1’s long-term interests are aimed at establishing strong and competitive businesses, producing modern and very high quality goods and services to satisfy Russia’s growing demand, and developing efficient organizational and management systems.