A1 became a co-owner of the manufacturer of plastic pipes

Investorstate “the alpha-groups” company A1 has gained control over 50% of the shares of a Cypriot company Polyplastic APG, which owns 96.5% of the group “Polyplastic”. This is stated in the message a press-services A1, received by RBC.

The Polyplastic group now consists of 15 enterprises of pipe of polymer industry in Russia, Belarus and Kazakhstan with a total capacity of about 300 thousand tons of products per year and more than 15 trading houses. The company’s revenue in 2014, according to Forbes, amounted to 29 billion rubles.

In the message A1 it is noted that the company invests in “promising company of the most dynamically developing segments of the economy”. Jointly with other shareholders and management of the group “Polyplastic” A1 intends “to increase the efficiency and transparency of operating activities” and to bring corporate governance to international standards.

In early February of 2016, it became known that A1 has bought 40% in LLC “Evrodon” — the parent company of GK “Evrodon”, which is the largest Russian producer of Turkey meat. However, in late February, the A1 has sold 40% “Evrodona” the EBV.