September 25, 2016 8:13 PM ET

Capital Markets

Company Overview of Open Joint Stock Company RusNano

Company Overview

RusNano is a private equity and venture capital arm of Russian Federation specializing direct and fund of funds investments. Within direct investments, the firm specializes in private equity and venture capital investments in turnarounds, late venture, emerging growth, and PIPEs. Within fund investments, it focuses on private equity and venture capital funds. The firm prefers to invest in the scientific research sector, solar energy and energy conservation, alternative energy, biomedicine, new materials, metalwork, biotechnology and medicine, electronics and mechanical engineering. It gives priority to projects that will establish new manufacturing facilities or broaden and modernize existin...

10A, Prospect 60-letia Oktyabrya

Moscow,  117036

Russia

Founded in 2007

Phone:

7 495 988 5388

Fax:

7 495 988 5399

Key Executives for Open Joint Stock Company RusNano

Chief Executive Officer, Chairman of Executive Board, Director, and Member of Supervisory Board
Age: 61
Managing Director, Deputy Chairman of the Executive Board, Deputy Management Board Chairman, and Member of Investment Committee
Age: 43
Deputy Chief Executive Officer (Investments) and First Deputy Chairman of the Executive Board
Age: 53
Deputy Chief Executive Officer (Infrastructure); Member of Management Committee and Deputy Chairman of the Executive Board
Deputy Chairman of the Executive Board; Member of Management Committee, Deputy Chief Executive Officer (Strategy and Finance), Member of the Strategy Committee
Age: 63
Compensation as of Fiscal Year 2016.

Open Joint Stock Company RusNano Key Developments

Rusnano Reports Earnings Results for the Six Months Ended June 2016

Rusnano reported earnings results for the six months ended June 2016. For the period, the company widened net loss 3.3-fold year-on-year and reached RUB 8.3 billion (approx. USD 125.83 million). The company attributed its heavy loss to a RUB 2 billion (approx. USD 30.32 million) negative effect of changes in foreign exchange rates as a result of the appreciation in the ruble in first half and a RUB 1.7 billion (approx. USD 25.77 million) decrease in interest income from the investment of spare funds due to lower interest rates. The revenue of the company fell 22% year-on-year to RUB 2.9 billion (approx. USD 43.97 million) during the reporting period as a result of lower income from the projects of which the corporation pulled out in first half.

Update On RusNano Proceeds To Sell Its Share In Novomet

Open Joint Stock Company RusNano has announced the start of an open competition to search for a buyer of its share in the portfolio company Novomet-Perm JSC., RUSNANO informed. The results of the open competition sale procedure will be announced on August 26, 2016. The main criterion in choosing the winner will be the price offered for the block of shares owned by RUSNANO. The ability of the purchaser to successfully develop the project in cooperation with other shareholders will also be taken into account, RUSNANO notes.

RusNano Proceeds To Sell Its Share In Novomet

Open Joint Stock Company RusNano seeks to sell its minority stake in Novomet-Perm JSC. The company has started the open competition for the search for a buyer of its share in Novomet. The minimum price of the block, 30.76%, determined by independent assessment is RUB 7.5 billion.

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