The bank of Moscow has placed a radarBank of Moscow invests in navigating system GLONASS. Together with AFK “ System “ the bank creates company RTI in which AFK will bring 97 % of the “ daughters “ “ RTI Systems “ and the Bank of Moscow will enclose 3 mlrd rbl. in exchange for 15,4 % RTI. In the future the bank can become the co-owner of one more affiliated company AFK - “ Sitroniksa “ which the corporation plans to unite with “ RTI Systems “. In this case the share of Bank of Moscow in the new company can make 12,1 %.
the Bank of Moscow will bring in an authorised capital stock of the new company 3 mlrd rbl., “ System “ - 97 % of Open Society belonging to it “ Concern “ RTI Systems “ “ and 2,88 mlrd rbl. Following the results of the transaction the share of Bank of Moscow in RTI will make 15,4 %, 84,6 % will be at “ Systems “. Thus, the company “ RTI Systems “ it is estimated in 17,1 mlrd rbl.
Partners intend to be engaged in realisation of the investment program of concern “ RTI Systems “ including in the field of scale state projects, such as the geoinformatics and GLONASS, is told in the corporation message. The vice-president “ Systems “ Irina Potekhin says that “ RTI Systems “ it is interested in commercialisation GLONASS and services derivative of this technology, therefore has decided to involve the financial investor. In a press - to service of Bank of Moscow have informed that “ experience and financial possibilities of Bank of Moscow will allow to commercialise certain innovative operating time that corresponds to interests of shareholders, and also the states as a whole “.
“ RTI systems “ is engaged in manufacture of radio engineering, space and land control systems, and also mehanotronikoj (creation of systems with computer management). The concern is a monopolist in the field of creation of a radar for system of an antimissile attack. The gain for 2009 - $410 million, OIBDA - $51 million
Formation of the new legal person was required because “ RTI Systems “ serves a part of defensive sector and such structurization of the transaction essentially simplifies its realisation, explains a source close to the transaction. It does not exclude that “ in the foreseeable future the quantity of shareholders can increase, as the company needs not only the financial investor, but in the shareholder who will bring with itself client base “.
the Source “ “ in the large telecommunication company considers that participation in the transaction of Bank of Moscow (the capital government posesses 46,48 % of actions) can be connected with introduction in Moscow in 2011 of intellectual transport system (ITS). This system should solve transport problems of the Russian capital. On program realisation only this year for the operator - the developer of system in city budget it is provided more than 6,257 mlrd rbl. (see “ “ from February, 3rd). Two applicants will participate In the tender at least: “ Navigatsionno - information systems “ 51 which % of actions belongs “ to System “ the others - state corporations “ the Russian space systems “. Also to participate in the tender the International road consortium (unites developers of systems and the software for transport sphere, in particular Singapore AA Traffic, French STI and English Verrus) intends.
Having bought a share in RTI, the Bank of Moscow can receive a package in another “ to a daughter “ AFK - “ Sitronikse “ (63,97 % of actions) after its association with “ RTI Systems “ (see “ “ from November, 17th, 2010). The Vice-president “ Systems “ Irina Potekhin says that the decision on association of the companies is not accepted, therefore to argue on a dale of Bank of Moscow in “ Sitronikse “ prematurely.
capitalisation “ Sitroniksa “ at the London stock exchange makes approximately $135 million Proceeding from the transaction with Bank of Moscow, 100 % “ RTI Systems “ stand 17,1 mlrd rbl., or $583 million Thus, the incorporated company “ RTI Systems “ and “ Sitroniksa “ $718 million Indirect share of Bank of Moscow in the incorporated company " can cost; RTI Systems “ and “ Sitroniksa “ can make 12,1 %.