Megapolis acquires 64.37% stake in Elektrozavod

LLC Megapolis Invest, a joint venture between Sistema (75.86%) and Sberbank Investments (24.14%), acquired a 64.37% stake in JSC Elektrozavod and 100% in LLC Elektrokombinat for about $333 million.

“The goal of the Transaction is to create Russia’s leading manufacturer of transformer equipment and implement a real estate development project on land plots located in Moscow owned by Elektrozavod Group.”powertransformernews.com

• 1 source
• powertransformernews.comMegapolis acquires Elektrozavod - Power Transformer NewsPatrick HaddadDec 30, 2020

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