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Prominvest

Company

LLC Prominvest is a Russian investment company created to manage a number of assets of the state corporation Rostekhnologii.

Owners:
Rosoboronexport - 75%
Vnesheconombank - 25%
Russian Technologies

Content

Financial results
2006 year
Revenue: 152300 Ths. rub

Assets

Owners

+ Prominvest
+ Russian Technologies

Aktivs

The company owns:

  • about 66% of the shares of VSMPO-AVISMA, the world's leading titanium producer
  • 25% of the shares of the Perm company - arms manufacturer Motovilikhinsky Zavody
  • 25.1% of Boronimpexagro shares
  • 100% of Oboronstroy shares
  • 75% of Oboroninvest shares
  • 100% of NPO Oboronreformproekt shares

Performance indicators

2006: turnover of 152.3 million rubles, net profit of 24.18 million rubles.

History

It was founded in 2001 under the name "Defense Apps" to carry out operations related to settlements in clearing currencies for supplied defense products.

In 2008, it received the name "Prominvest"[1]

2022: Purchase of Russian business Arconic for $230 million

On November 16, 2022, it became known about the sale of Russian business to Arconic, which is engaged in the production of aluminum products. The buyer of the assets was Industrial Investments LLC (majority shareholder of VSMPO-Avisma). The transaction value amounted to $230 million. Read more here.

Notes