Ship Building Corp would spend no more than 10 bln rubles on OPK assets
MOSCOW. April 4 (Interfax) - United Ship Building Corporation would not buy assets in Sergei Pugachev's United Industrial Corporation for more than 10 billion rubles, a source at United Ship Building Corporation told Interfax.
The corporation had previously valued OPK's Baltiisky Zavod and Severnaya Verf shipyards and Iceberg Central design Bureau at no more than 23 billion rubles.
The transfer of these assets to the ship building corporation was last discussed in February. Since then the Central Bank, which holds the assets as security for 32 billion rubles loans to OPK's International Industrial Bank, and OPK itself have not entered into negotiations with and have not approached the corporation, the source said. The scheme for the asset transfer has not been discussed either.
A source close to the ship corporation said the price tag put on the assets was largely "political" because when the bank pays off its creditors depends on this. "United Ship Building Corporation has aired a valuation of 23 billion-25 billion rubles, but this is what independent valuers say. In actual fact the yards aren't worth that much, especially not now," the source said.