Alfa Group has bought share in Moscow's factory SAM
Investment arm of the Alfa Group A1 has purchased share in OJSC Moscow Calculating-Analytical Machines Factory named after V.D. Kalmykov (SAM)
“SAM" specializes in the manufacture of electronic and computer equipment, IT systems and devices, control and communications. One of its major projects is the on-board computational facility ONBOARD DIGITAL COMPUTER COMPLEX “Argon-16” for spacecraft. Considerable part of the SAM's area is being let (the factory is located in the center of Moscow – Krasnoselsky District).
A1’s report does not provide us with any information on the new investment parameters, including size of the purchased package, its cost and name of the seller. A source familiar with the terms of the deal reported to Interfax Agency that the package is less than the controlling interest. A1 makes no comments on it.
According to the Agency’s source, the structure of Alfa was included into the composition of SAM's shareholders at the invitation of one of the parties involved in the long-term corporate conflict over the enterprise. The report of A1 says that in the near future the company intends to normalize the activity of OAO “SAM” by participating in the factory management and ending the long-term conflict in which the factory has been involved for the past 15 years.
Last year SAM's property complex with total area of 66,000.00 square meters was proposed to a number of major real estate development companies for about $120 million.
Early in April, Alexey Kornienko, State Duma Deputy from the Communist Party of the Russian Federation, sent to Yury Chaika, the Prosecutor General of Russia, request expressing concern about the "Media reports” on attempts to bring "SAM" out of the State's control (now Russian Federation has "Golden Share"). The document suggested that these actions are backed by Vladimir Kurbatov, member of the Board of the enterprise, acting in the interests of investment company “Magma”. The deputy asked to audit the financial performance of the factory.
For the second time in recent months A1 invests in companies whose activities are accompanies by high-profile scandals. In February A1 obtained a share in the assets of SPLAV Corporation, manufacturer and supplier of valves for nuclear power engineering and petrochemical complex. Last year, Vladimir Fedorov, ex-General Director of SPLAV, was sentences to 10 years imprisonment in strict regime colony for extortion and fraud. Raider capture of HMZ is one of the components in the case against Mr. Fedorov.