Spasskcement
Association of cement producers in the Far East. Fully exited in 2007
Projects
Baring Vostok’s funds have also invested in companies operating in other interesting sectors of the economy, such as construction materials, residential real estate development, and others. Since 1996, Baring Vostok funds have invested over $300 million in six companies.
- Location:
- Vladivostok, Russia
- Years:
- 2001- 2007
- Shareholding:
- Controlling stake
- Exit:
- Sale to a strategic partner
The holding company has the leading position as Russia’s leading cement supplier for oil projects in Sakhalin and primary construction projects in Russia’s Far East.
The Funds sold their shares to Park Group from 2004 to 2007.
In the spring of 2000, the First NIS Regional Fund acquired a controlling share (60%) of Spasskcement, which was in a difficult situation due to low demand for cement and ineffective management.
Other projects
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Ecodolie
A leading developer of low-rise residential real estate in Russia’s regions -
Etalon Group
One of Russia’s leading residential real estate developers with a focus on St. Petersburg, north-west Russia, and Moscow metropolitan area