The Russian Funds investment group bought out most of the 3 billion rubles debt of Tver-based Mel'kombinat and plans to develop the asset in the future.

According to media reports, the group's structures bought out the bulk of the company's debts from the banks, gaining control over the assets in its perimeter. It is noted that the transaction is currently listed as uncompleted.

"Russian Funds is an investment group of the first chairman of the board of directors of Rambler Sergey Vasilyev and his partners. They manage, among other things, the gold mining holding Seligdar and Nefteline Trade.

Mel'kombinat's operations focus on the production of baking flour, flour blends and more. The mill processes 500 tons of product daily. Besides, the mill has several elevators with capacity over 50 thousand tons.

Another production facility, which is a part of Mel'kombinat group, is Rzhevsky Kombinat Hleboproductov, which produces about 200 tons of flour every day.

As it follows from the Unified State Register of Legal Entities, one of the "Russian Funds" structures became the owner of "Rzhevzernoproduct" in spring this year. The above-mentioned company is also registered at the address of the mill.

Made in Russia // Made in Russia

Author: Ksenia Gustova