March 02, 2015 4:30 PM ET

Machinery

Company Overview of Machinery & Industrial Group N.V.

Company Overview

Machinery & Industrial Group N.V. manufactures facilities and spare parts for light and heavy engineering and off-road machinery in the Russian Federation, CIS countries, and internationally. It offers industrial tractors and equipment for use in mining industry, oil and gas sector, energy sector, in road and infrastructure building, in municipal area, and in forestry applications; tractors and machine-tractor aggregates; diesel engines and diesel power stations; and spare parts for industrial tractors, excavators, agricultural and skidding equipment, consumer goods, forgings, and core-mold and iron castings sectors. The company also provides freight cars, components, and spare parts for the...

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Netherlands

Key Executives for Machinery & Industrial Group N.V.

Chief Executive Officer, President and Director
Age: 53
Chairman of the Board and First Vice-President
Age: 52
Deputy General Director of Corporate Finances and Economy
Age: 56
President of Agromasholding Ltd
Age: 57
Head of Division of Railroad Casting & Car-Building and Deputy General Director
Age: 48
Compensation as of Fiscal Year 2014.

Machinery & Industrial Group N.V. Key Developments

VEB Reportedly To Sell Stake Its Stake In M&IG To Uralvagonzavod

Vnesheconombank (VEB) is seeking to sell Machinery & Industrial Group N.V (M&IG) from UBT-Uralvagonzavod JSC, Kommersant reported citing several market sources. The stake will likely be sold through the conversion of M&IG more than RUB 18 billion ruble debt to VEB into the charter capital of M&IG and share conversion with Uralvagonzavod. The amount of VEB’s future stake in Uralvagonzavod has yet to be defined. “This will depend on the appraisal which has yet to be conducted,” one of the sources said. The total debt of M&IG is more than RUB 35 billion.

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