The Ministry of Economic Development has published a list of strategic firms of Russia. LSR Group became the only real estate developer from St. Petersburg included into the list.
The list contains 199 companies, including holdings and vertically integrated enterprises, which make up 70% of the country’s gross national income and employ more than 20% of all Russians at work.
All listed companies will be eligible for state support. The anti-crisis plan implies the increase of the state guarantees for corporate loans and bonds up to RUB 200bn. The guarantees will be provided for particular investment projects and other purposes, including the restructuring of corporate debts.
Notes to Editors:
OJSC LSR Groupis 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 MICEX-RTS.
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LSR Group Press Service
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Fax: +7 812 458 83 72