Kuznetskinveststroy Kuznetsk Investment and Construction Company

Performance indicators

2023

According to reports for 2023, Kuznetskinveststroy's coal production decreased from 1.328 million tons in 2022 to 1.095 million tons in 2023, and shipments decreased from 1.4 million tons to 1.1 million tons. At the same time, the company's net profit under RAS decreased 21.5 times, amounting to 67 million rubles, despite revenue growth of 9.4%, to 11.9 billion rubles.

History

2024: Russian President Vladimir Putin allowed Best Decision JSC to buy Kuznetskinveststroy from the Italian Coeclerici Group

In June 2024, Russian President Vladimir Putin allowed Best Solution JSC to acquire 100% of the coal mining JSC Kuznetsk Investment and Construction Company (Kuznetskinveststroy) from the Italian Coeclerici Group

According to the president's order, the Moscow company will be able to buy 109.999 million ordinary shares owned by Coeclerici Commodities S.A., and one ordinary share owned by Koeclerici Rush LLC.

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As explained in the order, this permission was issued in accordance with paragraph 5 of the decree of the President of the Russian Federation of August 5, 2022, which introduces special economic measures in response to the unfriendly actions of some foreign states and international organizations.

According to the Unified State Register of Legal Entities, JSC "Best Solution" was registered on November 1, 2022 and is engaged in consulting on commercial activities and management. The founder of the company is Orion-1 Specialized Financial Society LLC, which, in turn, belongs to the Orion Foundation.

In April 2024, several sources in the coal industry told Interfax that Coeclerici was looking for a strategic partner for Kuznetskinveststroy. The company clarified that for several years they have been looking for a qualified Russian partner for the joint development and expansion of the activities of Kuznetskinveststroy^[1]

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