Ministry of Industry ex-deputy head’s fund to buy share of the largest Russian macaroni producer
Altai Granmulino share purchase negotiations are underway.
The Unicorn Capital Partners direct investment fund will buy a share of the largest macaroni producer in the Altai Altan, a producer of macaroni under the brand Granmulino belonged to Valery Pokoryak. According to RBC, the fund was established in 2012 by the former deputy head of the Ministry of Industry and Trade Andrey Dementiev and former financial director of the pipe-rolling plant in Chelyabinsk Sergey Moiseev. For the first time, the fund was mentioned in the Forbes magazine in 2015. Then the fund bought a controlling stake in the Russian facade company engaged in the production of translucent facade structures for multi-storey buildings for $14.5 million.
According to fund executive partner Sergey Moiseev, negotiations are underway; the size of the package offered for sale is being discussed. In the future the package will be sold to a strategic investor.
Experts say that it is a consolidation of the macaroni domestic market.
Pokornyak tells about the difficulties that he could not cope with independently, as the sales market extends far from Altai, which requires the construction of a new enterprise closer to the central region of the Russian Federation. He stresses that it leads to attraction of investors.
At the end of 2017, the Granmulino brand was inferior to manufacturers such as Makfa.
Shebekinskie and Extra-M remain on the eighth place in terms of retail sales of pasta in the country with a share of about four percent, while this exponent grew to 1.25 million tons.
Experts believe that attracting an investor will allow Altan to raise the company's value to 800 million rubles ($14.1m).
Lawyers of Oleg Korshunov, who is charged with a large fraud in organizing the production of footwear for prisoners, do not see corpus delicti in his case. The prisoners did get their shoes, and the difference in the cost of footwear made from leather and split leather is about 10%.