Deltalising (formerly Siemens Finance)

Deltalising (formerly Siemens Finance) is a foreign investment leasing company providing effective solutions for the purchase of transport, equipment and equipment. In addition to financing small and medium-sized businesses, as well as large enterprises of various sectors of the economy, Siemens Finance acquires and leases modern equipment manufactured by Siemens and equipment with Siemens components. The regional network of one of the country's largest lessors includes 22 offices.

History

2022: Insight was bought by Siemens Finance

On October 6, 2022, it became known about the sale of Siemens' leasing subsidiary to the Insight investment group. The relevant information is contained in the Unified State Register of Legal Entities. Insite confirmed to Frank Media the fact of the transaction, but did not disclose its financial and other details. The representative of Siemens only clarified that the ownership of the Russian business was transferred to Insight on September 29, 2022.

According to Frank Media sources, the purchase cost of Siemens Finance can reach "several tens of billions of rubles." At the end of September 2022, the investment group fully placed the issue of five-year bonds for 53 billion rubles.

Insight bought a leasing subsidiary of Siemens

According to Avet Mirakyan, the beneficial owner of Insight, the group intends to create a leasing holding by buying up leasing companies owned by foreign manufacturers that have left the Russian Federation. To do this, Insight plans to issue bonds placed among qualified investors by private subscription.

Earlier, Mirakyan told Frank Media that the investment group wants to create a leasing holding by buying up leasing companies from foreign enterprises that have decided to leave the Russian market. To do this, she will issue bonds for qualified investors, he specified.

Insight Investment Group provides financial services, invests in authorized capital, is engaged in tax consulting and venture capital investments. Avet Mirakian previously ran an investment holding SFI that is controlled by the billionaire's son. By Mikhail Gutseriev the beginning of October 2022, Mirakyan owns 80% of Insight.

Expobank was also interested in the purchase of Siemens Finance, which Kommersant, citing sources, called "the main one." The interlocutors of the newspaper estimated the amount of the alleged transaction at 10 billion rubles.^[1]

Subsequently, it became known that the amount of the transaction for the purchase by the Insight investment group of the Siemens Finance leasing company (later renamed Deltalizing) amounted to 52 billion rubles (€922 million). This was reported in Siemens financial materials, which were published in February 2023.

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