On April, 1 2008 Federal Service on Stock Markets (FSFR) made a decision to recommence the emission, to register the additional issue and offering circular of JSC “Sokolsk PPM” shares in the amount of  6 756 756 pieces of registered equity shares par value one ruble per a share.

Among key investor-companies for which at present time the Agency is preparing unique investment proposals and approval of project realization terms at the territory of Tomsk region, in forest industry complex – JSC “Investlesprom” …

On March, 18 the Head of Karelia, Sergey Katanandov, held an extended meeting  of The Government of the Republic dedicated to social and economic situation of the region by the results of 2007.

In recent times banks have become to show unprecedented until now activity by willingly investing money into forest productions construction and modernization. So Bank of Moscow actively finance the activity of Investlesprom holding (key asset – Segezha PPM) that unites several pulp and paper and woodworking enterprises in Karelia, Kirov, Vologda regions and at Perm’ territory. According to experts’ estimates Bank of Moscow in next two years will spend about  $500–600 mln for modernization of its assets and for new acquisitions in forest industry.
Continuation here Magazine “Business & Financial Markets” , 21.03.08, p.13.

The brightest event of 2007 became the emergence at the scene of the forest industry holding “Investlesprom” created under financial partnership of Bank of Moscow. Process of buying-up and consolidation of the assets began in 2005 when the bank acquired Novovyatsk wood industry complex (NWIC) in Kirov and PPM “Kama” in Perm’. But the main interests of the new player focused on the territory of North-West federal district. At the same time in 2005 bank was among lenders of Segezha PPM (Karelia) for the purchase of the Swedish packaging company Korsnаs Packaging, and subsequently became the owner of Segezha mill. On the basis of the acquired mill there was created Segezha Packaging company that became part of Investlesprom and that is on the second place in the world by paper sacks production. The company continued to expand capacities – in September 2007 Segezha Packaging completed Turkish company purchase transaction - Isiklar Ambalaj – being owner of two cement sacks production plants and in December it began the construction of the similar production in Saransk (Mordovia).
Continuation here “Expert North-West” # 12 (360) March, 24, 2008