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The world's largest brick manufacturer has left Russia: what is known

Volodymyr PaziyNews
Wienerberger has left the Russian market
Wienerberger has left the Russian market

The Austrian concern Wienerberger, which is considered the largest brick producer in the world, sold 2 factories in Russia and left the country. The new owner of the concern's plants in the Vladimir region and Tatarstan is Budmix.

It is 100% owned by businessman Alexey Filin, RBC reports, citing the Unified State Register of Legal Entities. Filin's main assets are concentrated in the construction industry.

These include Bryansk Silicate Plant and Klintsovo Silicate Plant, which produce silicate bricks, lime and construction sand. Wienerberger confirmed the sale of the assets, explaining that due to the geopolitical situation, the company decided to exit the Russian market.

Structuring the deal proved to be difficult in the face of constantly changing legislation, but "the sale of the local business to a Russian family group was successfully completed," said a representative of the Austrian concern. He added that the parties agreed not to disclose the purchase price.

Wienerberger's total investment in plants in Russia since the company entered the domestic market has exceeded 60 million euros, says Mikhail Burmistrov, CEO of Infoline-Analytics. According to his estimates, the actual value of the plants, taking into account the level of equipment wear and tear and their current condition, is about 4.5 billion rubles. However, the transaction amount did not exceed RUB 2 billion, Burmistrov believes.

As reported by OBOZ.UA, Latvia will auction off a land plot in the center of Riga and the so-called House of Moscow located on it, which previously belonged to the government of the terrorist country Russia. It was previously nationalized by a decision of the Saeima.

Only verified information is available on the OBOZ.UA Telegram channel and Viber. Do not fall for fakes!

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