RUSNANO Begins to Search a Buyer of Its Share in Its Portfolio Company Eterno

13 June 2017

RUSNANO achieved all goals of the project. It created a world-class plant manufacturing products—stamp-welded parts for pipelines—that substituted western suppliers at the market. The minimum price of PUSNANO’s block (49.89%) is RUR 4.72 bln. The buyer will be searched for through an open bidding procedure.

ETERNO is a new project of white metallurgy, which produces couplings for pipelines using nanostructured materials. The plant was built under a joint project run by RUSNANO and the Chelyabinsk Pipe-Rolling Plant. The adoption of nanotechnologies allowed to achieve a sufficient increase in durability and service reliability of products. One of the technologies is seam welding using titanium and boron whose nanosized junctions contribute significantly to the hardened structure of the goods.

ETERNO plans to produce up to 150 new products per year for strategic projects, such as the second run of the products pipeline

“Novy Urengoy—Surgut”, gas pipe line “Nord Stream 2”, projects on meeting maintenance demands of Gazprom, Rosneft and oil and gas companies of CIS countries.

“It can be said with confidence that we not merely built a new unique plant, but using nanotechnology and modern approaches to production made a contribution to creation of a new branch of industry—white metallurgy”, noted the deputy Chairman of the Board of the Management Company RUSNANO, Oleg Kiselyov.

We expect that the results of the preliminary qualification will be summed up by July 07, 2017. 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.

The conditions for filing of application are available at www.rusnano.com/eterno-sale

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of shares of JSC RUSNANO are owned by the state. Thanks to investments RUSNANO currently opened 84 factories and R&D centers in 30 regions of Russia.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.