Elena Baturina extended his hand to gospomoschi

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The "INTECH" Elena Baturina asked the state guarantees on loans of 49 billion rubles. The application, which the company sent to the Ministry of Economic Development, said that its assets are insufficient to refinance the debt reached 34 billion rubles., A further 15 billion rubles. required to replenish working capital. The company first disclosed the financial performance: the crisis of its losses exceeded 1.7 billion rubles. In exchange for gospomosch Ms. Baturina willing to share part of their business.

By the end of this week, an interagency working group on monitoring of financial and economic state of companies in the list of system organizations, to consider an application JSC "INTECH" to receive of state, told "Kommersant", the representative of the Ministry of Economic Development. Because of the financial crisis in the years 2009-2011 ZAO "INTECH" will have a deficit of working capital, the current requirement of 49 billion rubles. (or $ 1.382 trillion at current rates), said the company prepared for the application of state (in a "Kommersant"). Most of the funds (34 billion rubles.) "INTECH" want to refinance earlier loans. The major creditors, according to its own data company, are Sberbank, Gazprombank, Bank of Moscow and VTB. Another 15 billion rubles. "INTECH" required to replenish working capital. For information on the application confirmed the vice-president of JSC "INTECH" Oleg Soloschansky.

JSC "INTECH was founded in 1989 as a multi-holding company. Developer portfolio - more than 7 million square meters. m, cement output (OOO Atakaytsement "and OAO" Verhnebakansky tsemzavod) - 0.6 million tons per year. 99% of the company's shares owned by Elena Baturina, 1% - on the balance of the JSC "INTECH". In 2007, the Company's revenues, according to its own figures, $ 1 billion

Together with Gazprom, OAO Russian Railways and other large companies from different industries "INTECH" was added to the list of 295 backbone enterprises by the end of last year (see "Kommersant" on 26 December 2008). Interdepartmental Commission, headed by first vice-premier Igor Shuvalov, estimated that companies from the list in 2009 would require up to 3.2 trillion rubles. to fill the shortage of credit. In December, the Government in the budget-2009 on the backbone of state enterprises earmarked 625 billion rubles.: 300 billion rubles. at gosgarantii loans and 325 billion rubles. as a direct gospomoschi.

To obtain the necessary funds from the banks of the company Elena Baturin asked the federal government to provide gosgarantiyu up to 50 billion rubles. As collateral for loans "INTECH" ready to lay down its real estate, land bank and development projects. But their assessment of state bank began to apply the big mortgage discounts, said the application for an "INTECH" gosgaranty. Discount may reach 50%, agrees Vice predpravleniya Barclays Bank Eugene Retyunsky. Ms Baturina is also ready to lay it owned shares of blue chips. " In 2006, the shares "INTECH" and belonging to her paper, Gazprom, Sberbank and Rosneft were estimated at $ 3.15 billion cost of these assets are subject to "significant fluctuations due to volatility in equity markets", said the proposal "INTECH". According to RTS, to September 2008 to March 2009 shares of Gazprom cheaper by 67%, Sberbank - 82%, while Rosneft - 59%.

Getting gosgaranty credit "INTECH" substantiates the fact that because of the financial crisis, the company will have to reduce staff (now the State of 5 thousand people), to freeze the part of investment projects that lead to the "impossibility of performance of obligations to the co of individuals." The application "INTECH" says that the crisis seriously affected the company's financial performance. Thus, on the basis of 2008, with revenues of 38.675 trillion rubles. loss of more than 1.7 billion rubles. At the end of this year, the company expects earnings at 22 billion rubles. And a net loss of 686 million rubles.

Last of state "INTECH" willing to share part of their business. In the authorized capital of newly established for the construction of housing in regions Economy JSC "Patriot" perhaps the participation of the state, said the application developer.

Source "Kommersant" in Minregione argues that in the event of a positive decision by the Interministerial Commission state share in the "Patriot" will be not less than 25%. Oleg Soloschansky confirmed "Kommersant" that the further development of "Patriot" possibly through public-private partnership. "But to speak about the specific parameters (the State's participation in the authorized capital of the company .-" Kommersant ") is premature," - said Mr. Soloschansky. According to him, the new company this year plans to erect up to 100 thousand square meters. meters of housing, but in five years - to reach the volume reaching 750 thousand square meters. meters of housing per year. The first region, where the pilot projects "Patriot", - Rostov region, where in 2007, "INTECH" had planned to build more than 2 million square meters. meters of housing. In addition, the "Patriot" intends to build an apartment Economy in Moscow, St. Petersburg, Samara and Krasnodar.

Mr Soloschansky assured that "INTECH" A scheme for public-private partnership in the development of cement assets "INTECH". The application the company states that the State will also be invited to participate in the share capital in creating Mrs. Baturina cement company. In addition to building new lines to the two existing plants in the Krasnodar region - Atakaytsement "and OAO" Verhnebakansky tsemzavod "-" INTECH "plans to build some deposits in the Samara region Shigony new plant capacity of 2.3 million tons of cement a year, and two plants in a radius of 150 kilometers from Moscow. Construction of new facilities will allow "INTECH" by 2012 to increase the production capacity to 12 million tonnes of cement a year, hoping the company.