East Capital announced that LSR Group has been named the winner of the 2014 East Capital Awards for the Best Growth.
Peter Elam Håkansson, Chairman of East Capital, said: “These awards recognise noteworthy achievements of companies that are part of East Capital’s investment universe. Our consistent research and extensive company visits in emerging and frontier markets enable us to identify companies each year that have achieved impressive results and demonstrated exciting potential. We are delighted to be honouring those companies today”.
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2013 (according to DTZ), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65.316m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on Moscow Exchange.
East Capital is a specialist in emerging and frontier markets. The company, founded in 1997, bases its investment strategy on thorough knowledge of the markets, fundamental analysis and frequent company visits by its investment teams. East Capital actively manages EUR 2.9 billion in public equity, private equity and real estate. It is headquartered in Stockholm, with offices in Hong Kong, Kyiv, Luxembourg, Moscow, Oslo, Paris and Tallinn
For more information please contact:
LSR Group Press Service
Tel.: +7 812 333 11 11
Fax: +7 812 458 83 72
Vesna Lucca, Head of Communications, East Capital
+46 70 601 92 20