Motor-Sich bought 60% of Orsha Aircraft Repair Plant (Belarus)

The government of Belarus has produced alienation by way of sale of shares of JSC "Orsha Aircraft Repair Plant" strategic investors — Joint Stock Company "Investment and Innovation Systems" (Belarus) and a public joint-stock company "Motor Sich" (Ukraine). The order number 335rp of 30 December 2011 on the transfer of shares signed by the President of the Republic of Belarus, BelTA learned from the director of "Orsha Aircraft Repair Plant" Vladimir Troitsky.


 Photo source:avia.by

In the authorized capital of JSC "Orsha Aircraft Repair Plant" State owned 99.2% of the shares, 0.8% of the shares were owned by the labor collective enterprise. The State’s interest is fully sold to investors: ZAO "Systems of investment and innovation" is the owner of 1,488,171 shares of PJSC "Motor Sich" sold 2,232,256 shares (approximately 60%).

Investors assume the obligations for the years 2012-2016 to invest in the reconstruction and modernization of production facilities of at least $ 12 million and create more than 300 jobs. In addition, within two years from the date of conclusion of the investment agreement the new owners of the company have to reconstruct the two dormitories of Orsha Aircraft Repair Plant, and to send for five years, around Br20 billion in the socio-economic development of the village Bolbasovo.

I’d add that the purchase of the plant was planned to create your own proizvozstva helicopters.

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