A decision is made on a searching for a strategic investor from pulp and paper industry sector for development of the Sibgyprobum – the only in Siberia enterprise of this sector of industry

The Government of the RF in accordance with the Order № 264-р of 19.02.2015 has made the decision on the sale of 100% federal block of shares of JSC Institute for Designing of the enterprises of Pulp and Paper Industry of Siberia and the Far East (JSC Sibgyprobum). According to this Order the asset will be sold to a strategic investor, searching for which will be carried out by the Auction House of the Russian Federation.
In the asset purchasing will be involved only the companies, satisfying the qualifying requirements, the most important of which is the industry sector orientation.
Besides, a future investor must:
• to preserve jobs at the enterprise;
• to develop the company within the framework of a currant sector and provide a long-term effect as additional tax revenues;
• to preserve the enterprise property;
• to involve investments for providing the enterprise upgrading and technological development in accordance with a long-term program of development for the period of 2015-2020.

“For the first time the AHRF will act as an investor bank, selling the federal shares outside the large-scale privatization. The asset will be sold at the auction with a preliminary qualifying selection of participants, which guarantee a preservation of investments and development of the designing institute.
For us it is important to preserve the only operating sector specialized designing institute for deep chemical woodworking on the territory of Siberia and the Far East. So, for our part we will provide a scrupulous selection of applicants for the block of shares. One of the key requirements to a future investments – the sector direction”, – told Anzhelika Imanova, Deputy General Director of the AHRF.

    The JSC Sybgyprobum has been working in the market since 1956. The main specialization is carrying out of research, design and scientific works in the sector of timber, woodworking, pulp and paper industry.
According to the data of 2015 the enterprise revenue was 80.9 million rubles.
The Institute owns the real estate in different districts of Irkutsk: 3 land plots with a total area of 1.6 ha with the buildings located on them.

For detailed information about the Object of sale please see the website of the Auction House of the Russian Federation (the AHRF)