October 24, 2022 (dp.ru)
The property of the Kompressor Komplex” enterprise on Obukhovskoy Oborony Avenue has been put up for auction
The starting price for the land and property of the former Kompressor Komplex machine-building plant was 375 million rubles. The lot includes land at 51 Obukhovskoy Oborony Avenue, as well as buildings and movable property. This was stated in a statement by the company’s bankruptcy trustee, Elena Shulyakovskaya, published on Fedresurs. The auction date has not yet been set.
As a reminder, the Compressor Complex was built in the 1990s and, in a sense, can be considered a “fragment” of the Nevsky Plant. It is located on the border of an industrial zone and ongoing residential development.
The company manufactured mechanical engineering equipment for the gas and oil industries, including Gazprom . In the years leading up to its bankruptcy, its financial performance declined: in 2018, revenue fell by 39% to 266.9 million rubles. Its net loss amounted to 112.2 million, according to Kontur.Fokus.
As DP reported, since 2017, the Russian division of the international engineering group Grossmann, Grossmann Rus LLC (declared bankrupt by the court this spring), has owned a controlling stake in the plant.
In 2019, the arbitration court instituted observation proceedings against the company following a lawsuit filed by Electric Machines LLC. In 2020, Kompressor Komplex JSC was declared bankrupt. Sberbank was its largest creditor.
In 2021, creditors attempted to auction off the company’s assets with a starting price of 500 million rubles. However, the auction was postponed and then cancelled altogether. By that time, Sberbank had assigned the debt to Kronverk LLC.
This company, in turn, initiated a creditors’ meeting, including the issue of concluding a settlement agreement as part of the bankruptcy proceedings. The results of this meeting (if it even took place) were not available in public sources. However, the bankruptcy trustee published a document regarding the security of Kronverk LLC’s collateral. It states that the factory premises can only be leased with the company’s written consent.
Kronverk LLC may also have an interest in this asset. Its ultimate beneficiaries are Alexander Krivtsov (40%), Dmitry Zyazin (29.7%), Maxim Ogorodnikov (20.3%), and Albert Ilyasov (10%), according to Kontur.Fokus.
In particular, Maxim Ogorodnikov is known as the co-owner of the St. Petersburg-based Orion Scientific and Production Enterprise. It manufactures hydraulic products and pumping units for the oil and gas industry and has also announced plans to begin mass production of crane-manipulators and other deck machinery for shipbuilding.
Businessman Albert Ilyasov, in turn, owns several companies. His largest current asset, according to Kontur.Fokus, is VPT-Neftemash LLC, a Moscow-based supplier of drilling equipment for the oil production industry with annual revenues of nearly 10 billion rubles.
If the plant’s assets are sold “openly,” Igor Kokorev, head of strategic consulting at Knight Frank St. Petersburg, previously told DP that its facilities could be used “as is” or with minor renovations. He also believes that a complete redevelopment of the site would significantly increase the amount of space available for construction and also allow for the inclusion of more profitable functions, such as an aparthotel.