А1 is the major creditor of OJSC Stroyfarfor
А1 informs about signing the contract for buy-out of OJSC Sberbank of Russia liability to OJSC Stroyfarfor, OJSC PKF Voronezh Ceramics Plant, and LLC Biznes Otsenki amounting to 2.8 billion rubles. The parties keep the transaction conditions confidential.
Buy-out of OJSC Stroyfarfor major creditor liability confirms the fact that A1 is sure in serious growth potential for production and that A1 is interested in the development of this company. Today the enterprise is under the supervision procedure due to the fact that LLC Unitile management company refused from its liability undertaken towards the creditors caused by exemption from management. However, A1 is sure that the social responsibility is contained in the zone of special control of OJSC Stroyfarfor management, and the new management will bring back the financial sustainability and stable functioning, and ensure social support of the personnel.
OJSC Stroyfarfor (Shakhty, Rostov Oblast) is one of the major manufacturers of the tileboard in the Russian Federation. The wholly owned subsidiary company of OJSC Stroyfarfor, Markinskiy Brick Factory (Krasnosulinsky District, Rostov Oblast) is specializing in lining brick production. Earlier, А1 acquired 100 % of OJSC Stroyfarfor shares from Lazar Shaulov, the owner of the enterprise.