Integra Group divests assets of OOO TSZ

Integra Group announces the sale of OOO TSZ which owns the assets of former Tyumen Shipbuilding Plant for RR773 million (US$26.7 million) to OOO Monolit held by DOM Group, one of the largest real-estate developers in Tyumen. The proceeds from the sale will be used for general corporate purposes of Integra Group.

Tyumen Shipbuilding Plant was put into conservation and became a non-core, non-producing asset for Integra. The sale of the plant’s assets is another step in implementation of Integra Group’s long-term strategy to focus on the development of its oilfield services business.

Source