Lesobalt

Performance indicators

Lesobalt's revenue at the end of 2022 amounted to 253 million rubles, net loss - 131.6 million rubles (financial data for 2023 as of the end of March 2024 were not published). At the same time, the book value of the 51 percent share of Soyuz in Lesobalt at the end of 2023 was estimated at 510 million rubles.

History

2024: Soyuz LLC bought Lesobalt

On March 25, 2024, it became known that Soyuz LLC, controlled by a Russian businessman and president of a football club, CSKA Eugene Giner became the owner of the unprofitable Lesobalt timber processing plant in Kaliningrad. There is no information on the value of the transaction as of the specified date.

According to Interfax, Soyuz's share in the authorized capital of Lesobalt increased from 51% to 100%. At the same time, the closed unit investment combined fund "Nevsky" left the number of co-owners of the timber processing enterprise.

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In 2005, Lesobalt commissioned a timber processing plant in Kaliningrad with a capacity of 140 thousand cubic meters of products per year. The cost of production exceeded €70 million. The company makes multi-layered window timber, glued shield, profiled chase, terraced board, small-cut glued timber, wall timber, exotic hagara (planed board of glued small-cut timber) and other products of deep wood processing. For production, material supplied from the Siberian and northern regions of Russia is used: these are Angara pine and Siberian larch.

Soyuz is 95.2% owned by Giner, and the main activity of the organization is operations to acquire shares in other companies. So, at the end of 2023, Soyuz owned 9.9% in the authorized capital of Capital Life Life Insurance LLC, 100% of Capital Medical Insurance LLC and 100% of Medis LLC^[1]

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