OREANDA-NEWS. Gazprombank and United Capital Partners (UCP) took up equally 100 percent of the company’s controlling shares.

“The SGC Group’s management team and shareholders have created the company which has all the capacities to construct industrial and infrastructure facilities. Combination of a long-term experience of the SGC Group subsidiaries with financial resources and an expertise of Gazprombank and UCP in a sphere of management of portfolio companies will strength the Group’s positions in the Russian market,” commented on the deal, Victoria Lazareva, UCP Managing Director for private equity investment operations.

“Together with our partners we will make efforts to provide a long-term development of the SGC Group joint-stock value. The introduction of modern management principles and restructuring relationships with creditors will allow us to provide a stable operational activity of the Group in a medium-term period,” noted Ekaterina Trofimova, Member of the Board of Directors, First Vice-President of Gazprombank (joint-stock company).

“We believe that attracting important partners such as Gazprombank and UCP will provide a stable business development of the SGC Group and increase its transparency for partners and clients,” said Mikhail Yakibchuk, President of the SGC Group.

Ruslan Baisarov, a former shareholder of the SGC Group, stated: “We believe that this deal is beneficial for all participants and are fully satisfied with its results. We wish new shareholders good luck in further development of the SGC Group business.”