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Founding Documents оn Establishing Russian-Italian Joint Venture – OJSC Household Appliances Plant Signed

14 march 2007 года
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Press Release, 14.03.2007

Today, on March 14, in the course of Russian President Vladimir Putin’s visit to Italy Merloni Projetti and OJSC Litintern Consult signed a package of founding documents to establish a Russian-Italian Joint Venture – OJSC Household Appliances Plant in the city of Orsk.

The document was signed by Vnesheconombank Chairman Vladimir Dmitriev, OJSC Litintertn Consult General Director Yuri Radchenko and Merloni Projetti President Aristide Merloni.

The company’s initial authorized capital is to be paid by contributing movable and immovable assets as well as monetary funds and will amount to 10 million euros, with Vnesheconombank’s share being 10%, Merloni Projetti’s – 19% and OJSC Litintern Consult’s – 71%.

Establishing a joint venture to manufacture household appliances is an essential step in promoting Russian-Italian economic cooperation designed to boost exports of Russian household appliances and reduce the Russian economy’s reliance on imports.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93. Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
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