An elite Moscow developer bought one of the largest printing houses in Russia. Who bought the country's largest printing complex? And what awaits the "First exemplary printing house"? Results of the sale of the first exemplary printing house

Back in 2015, JSC "First Model Printing House" was included in the government privatization plan, which took place. At a recent auction, the printing house was sold for 2.03 billion rubles, and Unitex LLC was declared the winner.

Wherein. together with the printing house, its new owner received significant debts, which the printing business is unlikely to be able to "recapture".

For this money, Unitex LLC received a plot with buildings, structures and facilities in the area of ​​Pyatnitskaya Street in Moscow, as well as production facilities in St. Petersburg, Nizhny Novgorod, Ulyanovsk, Kirov and Chekhov. This went to the company in the "plus". There is also a minus: the "first exemplary" "hanging" a credit line of €17.9 million at a rate of 15% per annum for the supply of new printing equipment. Against the backdrop of the global crisis in the printing business, the investments of Unitex LLC look very bold. The question “What can investors do with such a troubled asset?” is not rhetorical.

JSC "First Model Printing House" is in debt as if in silks. The notorious credit line of €17.9 million, opened back in 2013 for the purchase of printing equipment at 15% per annum in foreign currency, has become absolutely priceless in recent years. It was provided by the Commerzbank Aktiengesellschaft of Frankfurt am Main. It was he who received as a pledge the building and the site of the newspaper printing complex in St. Petersburg at Leninsky Prospekt, 139, letter "A". The body of the loan in terms of rubles, namely, they earn joint-stock company, for almost three years has grown by 700 million rubles and this is not the limit. The position of the joint-stock company is similar to the problems of foreign currency mortgage borrowers, only no one is in a hurry to help him, although she would not hurt. To date, the volume of the selected loan amounted to €3.8 million, which went as an advance payment for equipment that was modern 5 years ago. In October 2016, the credit line will be closed by its delivery. However, even if in the future it will have to be sold for debts, it is too specific for someone in Russia to give a real price for it. And this is not counting the current debts of the First Model Printing House. As of March 31, 2016, they amounted to 1.3 billion rubles. Thus, by November 2016, JSCs will owe creditors, according to the most simplified estimates, already 2.4 billion rubles.

“Printing production has been gradually losing the newspaper and book markets lately, says Konstantin Chechenev, president of the Association of Book Publishers of Russia (ASKI), “its main problem is the trend of falling print volumes and rising prices for paper and dyes coming in foreign currency from abroad. Newspaper circulations are not sold out, their return is up to 40% of the retail circulation. The institution of subscription as such no longer exists. Newspapers are gradually moving to paperless technology, providing delivery to the reader through modern gadgets. Printing houses urgently need to switch to other business models that are difficult to attribute to mass technologies,” Mr. Chechenev emphasized. Since 2008, the printed mass of Russian book publications has almost halved - by 45.3%. At the same time, the Russian printing industry is highly dependent on supplies from the West, this machine park, details and most Supplies. Moreover, there is no need to talk about the import substitution of coated paper and cardboard, only the development of their production, according to industry experts, will take 15-20 years. And during this time, the technologies for storing text data, according to the laws of the genre, will change dramatically again.

What are the hopes of investors who have invested heavily in winning the auction? First of all, on effective management assets of the "first exemplary" and business diversification. For example, in the center of Moscow on Pyatnitskaya Street, JSC owns a precious asset, the use of which does not stand up to scrutiny. According to the USRR, it consists of a plot of about 1.8 hectares and nine buildings with a total area of ​​38.2 thousand square meters. m., built in 1880-1917. Indeed, it looks like a diamond in an old setting, only handed over to an underground pawnshop by an old woman who has nothing to eat. Part of the space is rented out at bargain prices, part is unusable due to an emergency condition.

Evgeny Semenov, head of department financial markets and investment company JLL believes that the main building in Moscow is in very poor condition. “It requires a major overhaul,” the expert says, “and due to the fact that the building was built in the century before last, the main costs will fall on the restoration of communications, the complete replacement of interfloor ceilings. It will be necessary to carry out additional strengthening work, while the cost of a "square" in the building, due to their unpredictability, can reach $ 5,000 ".

It turns out that 38,200 sq. meters will cost the investor $ 191 million investments, which at the current rate of 64 rubles per dollar will amount to 12.22 billion rubles. And this money is needed urgently. The buyer will again have to look for investments, and what interest in Russian banks now, we are constantly informed by the press. Let's take the minimum credit interest for rubles: 15%. When in 5 years the investor will have to repay a loan for construction, the “price tag” will be different: 12.22 + 9.17 = 21.39 billion rubles.

Now let's compare the numbers. According to Rosreestr, the cadastral value of property located at st. Pyatnitskaya, ow. 71/5 is 1.7 billion rubles, while the main share falls on a land plot valued at 1.01 billion rubles. But it will go on bail for the reconstruction of facilities on Pyatnitskaya. The already existing debts of JSC "First Model Printing House" amount to 2.4 billion rubles. In total, taking into account the unprofitability of book production, we get 24 billion rubles, giving which over 5 years the investor will remain “at zero”. This is a lot even for Moscow, where the real estate market has been stagnating for a couple of years. Of course, JSC “First Model Printing House” has one more reserve. Its branches in the regions own 41 plots worth 1.2 billion rubles and 144 buildings worth another 0.48 billion. True, it must be taken into account that now the cost of regional real estate and land is declining every year. Their reconstruction and further use could also bring some profit to Unitex LLC. Whether this will happen, time will tell...

Back in 2015, JSC "First Model Printing House" was included in the government privatization plan, which took place. At a recent auction, the printing house was sold for 2.03 billion rubles, and Unitex LLC was declared the winner. Wherein. along with the printing house, its new owner received significant debts that the printing business could hardly recoup. For this money, Unitex LLC received a plot with buildings, structures and structures in the area of ​​Pyatnitskaya Street in Moscow, as well as production facilities in St. Petersburg, Nizhny Novgorod, Ulyanovsk, Kirov and Chekhov. This went to the company in the "plus". There is also a minus: the "first exemplary" "hangs" a credit line of €17.9 million at a rate of 15% per annum for the supply of new printing equipment. Against the backdrop of the global crisis in the printing business, the investments of Unitex LLC look very bold. The question "What can investors do with such a troubled asset?" is not rhetorical. JSC "First Model Printing House" is in debt as if in silks. The notorious credit line of €17.9 million, opened back in 2013 for the purchase of printing equipment at 15% per annum in foreign currency, has become absolutely priceless in recent years. It was provided by the Commerzbank Aktiengesellschaft of Frankfurt am Main. It was he who received as collateral the building and plot of the newspaper printing complex in St. Petersburg at Leninsky Prospekt, 139, letter "A". The body of the loan in terms of rubles, and it is them that the joint-stock company earns, has grown by 700 million rubles in almost three years, and this is not the limit. The position of the joint-stock company is similar to the problems of foreign currency mortgage borrowers, only no one is in a hurry to help him, although she would not hurt. To date, the volume of the selected loan amounted to €3.8 million, which went as an advance payment for equipment that was modern 5 years ago. In October 2016, the credit line will be closed by its delivery. However, even if in the future it will have to be sold for debts, it is too specific for someone in Russia to give a real price for it. And this is not counting the current debts of the First Model Printing House. As of March 31, 2016, they amounted to 1.3 billion rubles. Thus, by November 2016, JSCs will owe creditors, according to the most simplified estimates, already 2.4 billion rubles. “Printing production has been gradually losing the newspaper and book markets lately, says Konstantin Chechenev, president of the Association of Book Publishers of Russia (ASKI), “its main problem is the trend of falling print volumes and rising prices for paper and dyes coming in foreign currency from abroad. Newspaper circulations are not sold out, their return is up to 40% of the retail circulation. The institution of subscription as such no longer exists. Newspapers are gradually moving to paperless technology, providing delivery to the reader through modern gadgets. Printing houses urgently need to switch to other business models that are difficult to attribute to mass technologies," Mr. Chechenev emphasized. Since 2008, the printed mass of Russian book publications has almost halved - by 45.3%. At the same time, Russian printing production is highly dependent on supplies from the West, this is a machine park, parts and most of the consumables.Moreover, there is no need to talk about import substitution of coated paper and cardboard, only, according to industry experts, it will take 15-20 years to establish their production.And during this time, text data storage technology , according to the laws of the genre, will change dramatically again. What do investors who have invested heavily in winning the auction hope for? First of all, effective asset management of the "first exemplary" and business diversification. For example, in the center of Moscow on Pyatnitskaya Street, JSC owns the current sometimes a precious asset, the use of which does not stand up to scrutiny. nym EGRP, it consists of a plot of about 1.8 hectares and nine buildings with a total area of ​​38.2 thousand square meters. m., built in 1880-1917. Indeed, it looks like a diamond in an old setting, only handed over to an underground pawnshop by an old woman who has nothing to eat. Part of the space is rented out at bargain prices, part is unusable due to an emergency condition. Evgeny Semyonov, head of financial markets and investments at JLL, believes that the main building in Moscow is in very poor condition. “It requires a major overhaul,” the expert says, “and due to the fact that the building was built back in the century before last, the main costs will fall on the restoration of communications, the complete replacement of interfloor ceilings. in a building due to their unpredictability can reach $5,000". It turns out that 38,200 sq. meters will cost the investor $ 191 million investments, which at the current rate of 64 rubles per dollar will amount to 12.22 billion rubles. And this money is needed urgently. The buyer will again have to look for investments, and what interest is in Russian banks now, we are constantly informed by the press. Let's take the minimum credit interest for rubles: 15%. When in 5 years the investor will have to repay a loan for construction, the "price tag" will be different: 12.22 + 9.17 = 21.39 billion rubles. Now let's compare the numbers. According to Rosreestr, the cadastral value of property located at st. Pyatnitskaya, ow. 71/5 is 1.7 billion rubles, while the main share falls on a land plot valued at 1.01 billion rubles. But it will go on bail for the reconstruction of facilities on Pyatnitskaya. The already existing debts of JSC "First Model Printing House" amount to 2.4 billion rubles. In total, taking into account the unprofitability of book production, we get 24 billion rubles, giving which over 5 years the investor will remain "at zero". This is a lot even for Moscow, where the real estate market has been stagnating for a couple of years. Of course, JSC "First Model Printing House" has one more reserve. Its branches in the regions own 41 plots worth 1.2 billion rubles and 144 buildings worth 0.48 billion more. True, it must be taken into account that now the cost of regional real estate and land is declining every year. Their reconstruction and further use could also bring some profit to Unitex Ltd. And time will tell whether this will happen…

The scandal with the privatization of the property of the First Model Printing House in the center of Moscow can be considered completed: the structure of the investment company Vesper returned the company's shares acquired at public auction to state property. Meanwhile, as Kommersant found out, the initiator of the deprivatization, Avenue LLC, participated in similar disputes as part of the sale of other state assets, but so far without success.

The package of First Model Printing House JSC will return to state ownership: on July 4, a writ of execution for the transfer of shares to the Federal Property Management Agency was handed over to the registrar, a Kommersant source familiar with the privatization process said. The Federal Property Management Agency did not respond to Kommersant's request.

In May 2016, the open tender for the privatization of the printing house was won by Unitex LLC (49% belongs to the Vesper investment company of Boris Azarenka and Denis Kitaev, another 51% - to a group of private investors). The asset was sold at a price of 2.03 billion rubles. with an initial rate of 2.01 billion rubles. Six months later, participants in the All-Russian Popular Front forum complained to Vladimir Putin that the printing house was sold with a minimal increase, with a scandal, with virtually no competition (see Kommersant dated November 23, 2016). They also indicated that market price printing house is at least 3 billion rubles. "The first exemplary printing house" was the most expensive state asset intended for privatization in 2016, follows from the report of the Russian Auction House (RAD) - the auction operator.

Several attempts were made to challenge the results of the privatization of the First Model Printing House. In August 2016 Moscow regional court refused to satisfy the claim of the potential buyer Alexander Andreev to cancel the auction. But already in October the court of appeal declared the auction invalid. According to the court, the buyer had to return what he received. In November 2016, the building of the printing house was seized. A Unitex representative confirmed that the court's decision on deprivatization is being implemented.

As the interlocutor of Kommersant points out, Avenue LLC, established by Alexander Andreev, has previously participated in deprivatization processes. In the file of arbitration cases, Kommersant found that Avenue was the plaintiff in several disputes in 2013, trying to cancel the results of the auction for the sale of premises on Bolshaya Yakimanka and Razdelnaya streets, Mira Avenue and Butikovsky Lane. In all cases, the court refused to meet the requirements of "Avenue". They refused to connect “Kommersant” with Mr. Andreev on the phone numbers of “Avenue” indicated in Kartoteka.Ru.

The RAD clarified that the report on the evaluation of the First Model Printing House was prepared by AFK-Audit, the document received a positive expert opinion self-regulatory organization ROOU appraisers. The RAD also reported that they suffered damage in the form of expenses for paying for the services of an appraiser, promoting the upcoming sale to the market.

The printing business of the First Model Printing House is concentrated in the regions: the company includes a branch in Chekhov near Moscow, the Ulyanovsk Printing House, the Printing House - Vyatka, Nizhpoligraph and the St. Petersburg Newspaper Complex. The Moscow Printing House Complex is used as office center. Vesper planned to reconstruct the buildings of the printing house (38.2 thousand square meters plus a plot of 1.8 hectares) on Valovaya Street for elite housing, investing up to 15 billion rubles in the project, the company said earlier. Olga Kochetova, director of the professional services department at Knight Frank, estimates the cost of the site on Valovaya at 2–3 billion rubles. The auction and market value of the asset differs, since the printing house has a loan in the amount of €17 million (at the current rate of 1.3 billion rubles) on the balance sheet, previously reported RBC newspaper with reference to RAD. The total amount of taxes in the implementation of the project for the reconstruction of the territory of the printing house could be about 2.5 billion rubles, estimates Dr. economic sciences Nikita Krichevsky.

The cancellation of privatization will in no way change the position of the branches included in the First Model Printing House, Pareto-Print CEO Pavel Arsenyev believes. In the "First Model Printing House" itself, they assured that the enterprise operates in normal mode, without changes in the composition of the management and continues to produce products.

Elizaveta Makarova, Khalil Aminov

Conducted auctions for the sale of one of the largest printing houses in Russia - the First Model Printing House, whose central building is located on Valovaya Street in Moscow, back on May 18th. The little-known OAO Unitex, which bought the printing house for 2.03 billion rubles, was declared the winner of the auction. at an initial cost of 2.01 billion rubles. and an auction step of 5 million rubles.

A source familiar with the privatization process claims that behind the winner is a well-known luxury real estate developer who financed the purchase and whose interest is limited to the land and building on Valovaya Street for the subsequent luxury real estate project.

The rest of the property - operating printing houses and real estate in the regions - will go to Mintz's partner in this transaction, Yakov Soskin, who managed the joint-stock company in the interests of the state and organized the privatization process, the source indicates.

According to SPARK, Unitex is 50% owned by the Cypriot offshore Demanio Capital Ltd, 49% by the Cypriot company Sodbury Holdings Ltd, 1% by the Russian company Printcapital, controlled by businessman Leonid Barenboim, co-owner of the investment and development company Krona-Market "(Builds one of the largest shopping and entertainment centers in Moscow - "Abramtsevo"). The General Director of Unitex is listed. He also manages other Moscow companies, which also hide their owners behind foreign offshore companies. Behind the Cypriot Sodbury Holdings are Boris Azarenka, co-owners of the Russian investment company Vesper, which specializes in premium residential real estate. Most of her projects are located in historical buildings in the center of Moscow: on Malaya Dmitrovka, Plyushchikha, Mashkov, Nikolskaya streets, in Prechistensky lane, etc.

As previously reported by the media, the Cypriot Demanio Capital is controlled by businessman Boris Mints. Indirectly, this information is confirmed by the fact that the General Director of Unitex Nazarov is also the director of Double, a 100% subsidiary of the Cypriot O1 Group Limited, which previously owned Trinity LLC, the son of Boris Mints was listed as the General Director of Trinity. Now O1 Group Limited owns Russian company"O1 Group Management", located in the building next to the purchased printing house. This building also houses the office of Vesper, another shareholder of Unitex. Traces of companies associated with Soskin are also lost in the Cypriot offshore. However, it is possible that he is engaged not only in the publishing business. One of the companies, Joint-Stock Company PO Pressa-1, in which Soskin is the chairman of the board of directors, is engaged in leasing non-residential real estate. It is owned by the Cypriot company Bivisto Hldings Ltd.

As Gazeta.Ru was informed by the First Model Printing House, printing production at the printing house sites will continue and even be expanded through the acquisition of new equipment for book production using sheet offset printing technology on large format machines. To develop this project, the printing house attracted a loan of €17 million from Commerzbank (Germany) under the guarantees of Hermes export insurance agency. The printing house also noted that this year it has expanded its activities with a corporate printing division.

The representative of the printing house did not name the investors behind the Unitex company, limiting itself to explaining that Unitex acts in the interests of Vesper and a "group of private investors."

As for the developers' plans for the building of the printing house on Valovaya Street, "there is a developer component in the deal, but the printing house has previously leased premises," the company representative added. When asked if Soskin was one of the beneficiaries of the privatization deal, the printing house said that he "did not participate in any way in the asset sale procedures." “Now, at the request of new shareholders, he will carry out the overall management of the development of the printing production of JSC “First Model Printing House” within the framework of a new emerging corporate structure management," the company added. A Vesper spokesperson declined to comment. this information, Mints did not respond to inquiries from Newspapers. Ru".

Not everyone was allowed

Of the seven bidders, five were not allowed to bid. Only Unitex LLC and BC Zamoskvoretskoye LLC (according to SPARK, owned by the Cypriot company Stanhigh Limited) participated in the auction. A number of companies that were ultimately not allowed to participate in the auction - Antares LLC, UralBusinessGroup, Novoe Zavidovo LLC filed complaints with. Everyone complains that the conditions for transferring the deposit were incorrectly indicated. According to the terms of the auction, the amount of the deposit (402 million rubles) was to be transferred no later than May 10. However, as noted, for example, in the complaint of the Novoe Zavidovo company, although the money was transferred within the specified period, it was not allowed to participate in the auction on the grounds that the amount had not yet been credited to the account of the organizer.

This is due to the fact that the bank needs another day to complete the transfer. According to participants not admitted to the auction, incorrectly drawn up conditions are contrary to the law and business practice. The Federal Antimonopoly Service did not support the complaint, but at the same time drew attention to the violation. The contract of sale was concluded immediately on the day of the auction, however, according to Article 191 Civil Code RF, this can be done not earlier than the next day after the auction, the decision of the department says. However, in this regard, no measures are planned to be taken, since "the violation by the Organizer of the auction of paragraph 14 of Article 18 of the Privatization Law when concluding the sale and purchase agreement did not affect the course of the Auction."

sold cheap

The first exemplary printing house is one of the oldest in the country: it was founded in 1876 and nationalized after 1917. Its main asset is the building at the address: Moscow, st. Valovaya, house 28, with an area of ​​38 thousand square meters. m, which has been used for several years for offices, and a land plot under it with an area of ​​1.8 hectares. Printing activity is concentrated mainly in the regions: in Chekhov, Kirov, Nizhny Novgorod, St. Petersburg.

Now it's still largest enterprise, which accounts for about a quarter of all printed products produced in Russia.

According to the financial statements, last year's revenue amounted to about 3 billion rubles, and since 2014 it has grown by 100 million. The company also owns 50 land plots throughout Russia and 278 real estate objects for various purposes (along with production sites, these are administrative and residential buildings). Among other things, the printing house even owns a water intake tower in Nizhny Novgorod.

“According to the auction, the asset was sold for 2.03 billion rubles, thus, the company affiliated with Vesper got the historic building between the Dobryninskaya and Paveletskaya metro stations, as well as the site located under it. Even during the initial assessment, such an asset, located in one of the central districts of the city, should cost more, ”says Artem Provotorov, project manager for the Infrastructure practice consulting group NEO Center. The average cadastral value of land on Valovaya Street is 130,000 rubles. for 1 sq. m. The market price is about twice the cadastral value. With this in mind, only the land plot of the First Model Printing House on Valovaya Street, according to the cadastral valuation, costs 2,340 million rubles. and according to the market - 4680 million rubles.

It turns out that the sale price of the property complex of the First Model Printing House, which includes land and property complexes and existing production facilities in the city of Moscow and several regions, is two times lower than the cost of the land plot alone on Valovaya Street.

According to the expert, there is reason to believe that the object was implemented according to a pre-agreed scenario between friendly developers - Vesper and O1 Group, owned by Boris Mints. Alexander Zaritsky, head of land and property relations at Heads Consulting, also admitted that the real price is indeed higher than the one for which the lot was sold, although this could be due to the company's high credit obligations. However, the information that the buyers intend to repay the company's debt (about €17 million) has not yet been confirmed.

Meanwhile, experts estimate the regional printing business quite highly. As for the cost of creating a printing house, in order to complete a normal, high-quality offset line, if it is made from scratch or updated, tens of millions of dollars are needed, says Alexander Limansky, co-owner of Alpina Publisher. According to him, the costs of organizing a business include leasing equipment, buying or renting large enough areas.

According to his estimates, the cost of a printing house in only one branch of the First Exemplary, in Ulyanovsk, can "offhand be $ 30-50 million." “In Ulyanovsk, some time ago, new equipment appeared, there are quite large capacities, there is new equipment,” he believes.

Other regional printers are also valuable for their business and equipment. “The printing business is low-margin, and the regions have an advantage, because the salaries in the regions are low,” explains Limansky. “There are really working businesses in the regions.” Books are practically not printed in Moscow due to higher costs, he adds.

May 18 Russian auction house announced that he closed the largest privatization deal this year. For 2 billion rubles, a 100% stake in OAO First Model Printing House, the country's leading printing holding, which has offices in many regions of Russia, including Ulyanovsk, was sold. "The first exemplary" was acquired by a certain and unknown to anyone LLC "Uniteks" with an authorized capital of 10,000 rubles. As it turned out, the company is affiliated with businessman Boris Mints, the former president of the Otkritie corporation, and now the largest investor in Russia in the field of commercial real estate. 73 online. endecided to find out what are the future prospects of the Ulyanovsk Press House.

OJSC "First Model Printing House" includes 12 largest production sites located throughout the country. Including the Ulyanovsk Printing House in the form of the printing house itself and its production facilities located on Goncharov Street, an adjacent land plot with an area of ​​​​more than 8 thousand square meters, non-residential buildings on Goncharova Street and Energetikov Drive.

"First exemplary", 100% of whose shares belonged to the state, fell into the government's privatization program and was auctioned off on May 18, 2016. The company was sold for 2 billion rubles. Now it is in private ownership.

The main reasons for the sale - the printing house is saddled with debts of about $ 20 million. Besides, CEO JSC "First Model Printing House" Yakov Soskin has repeatedly stated that "the industry is going through a difficult situation."

However, according to preliminary estimates, the real value of the privatization object is several times higher than the amount for which it was sold. OJSC "First Model Printing House" owns equipment and real estate throughout Russia. In total, it has almost 800 thousand square meters of space on its balance sheet.

A separate line should be said about the building of the "First Model" on the street. Pyatnitskaya 71/5 (50 thousand sq. m.). In addition, the company owns several hectares of land in the center of Moscow, as well as a rear complex of 40,000 sq.m. on the Garden Ring. And it also has elite lands in the Odintsovo district of the Moscow region at 26 km of the Mozhayskoye highway, the huge buildings of the Chekhov printing plant in Chekhov near Moscow, a large piece of land in Dmitrov.

The areas on Pyatnitskaya Street and Valovaya Street cost (at their market valuation) at least $100 million and $80 million, respectively. Complex in Chekhov - no less than 80 million, land in Odintsovo - 50 million. All estimates are approximate. As a result, the value of the assets of Pervaya exemplary, which was sold at an auction for 2 billion rubles, may exceed $500 million.

Naturally, many wanted not to miss such a tasty morsel - 6 participants showed up for the auction. But in the course of the auction, only two steps were taken. The first one is from BC Zamoskvoretskoye LLC. The second and victorious - from Unitex LLC. The rest of the companies could not take part in the auction due to force majeure. Bidding began at 9.15 Moscow time in Gostiny Dvor. Security did not let anyone into the building until 9.00. And at 8.50 a.m. the quarter was cordoned off by the police in connection with the threat of a terrorist attack. Four of the declared participants remained behind the cordon. The bomb was not found in the area. As a result, one of the offices that remained behind the barrier tape wrote a letter to the Federal Antimonopoly Service, where she spoke in detail about the history of the terrorist attack and asked to cancel the results of the auction.

As for the other two players who overcame the terrorist threat and participated in the auction, little is known about them.

The first participant is BC Zamoskvoretskoye LLC. Authorized capital- 10 thousand rubles. At the time of participation in the battle for the printing house, he had a year of work behind him. The founders of the offshore company are Stannhay Limited (Stannhigt Limited). In 2007, Stenhay participated in the purchase of Nomos Bank by Otkritie Bank, and later owned an 8% stake in Otkritie itself in the interests of one of the founders of Otkritie, a megaguarantee, owner of the O1 Properties group, Boris Mints.

It is interesting that the "star" of the empire of Boris Mints - the Lighthouse business center is located opposite the lands of the First Exemplary on Valovaya Street.

The winner of the auction was Unitex LLC (TIN 7702733996). There are three founders: offshore companies Demanio Capital Ltd (DEMANIO CAPITAL LTD - 50%), Sodbury Holdings Limited (49%) and our LLC Printcapital (1%). Demanio Capital Ltd was registered on January 22, 2016 in Cyprus. But the second one is Sodbury Holdings Limited, a more interesting entity. Its beneficiary is also Boris Mints's O1 Properties.

In general, it is obvious that the auction took place between two companies affiliated with Boris Mints. One of them won.

Now with regard to the fate of the assets of the "First exemplary" and its Ulyanovsk daughter. It is known that Mintz is a businessman, very far from the printing business. He is engaged in commercial development - builds, sells and rents shopping centers. Half of the business of Moscow - his handiwork, in the truest sense of the word. Therefore, the "First exemplary" as a printing house, he will most likely not need. But buildings in the center of Moscow, land and squares in the suburbs - this is exactly what the whole deal, apparently, was started for.

On the "convertible" areas of the "First Model" in Moscow and other cities of Russia, companies affiliated with the businessman will most likely build shopping and business centers. The same fate can await the building of the Ulyanovsk Press House. It's still the center of the city. However, if the Ulyanovsk asset seems "inconvertible" and uninteresting to businessmen, then the building of the printing house will be leased to a person who wants to use it, for example, for its intended purpose - to earn money on printing. But in any case, for the Ulyanovsk Press House, as well as for other regional offices of the First Exemplary, life after the auction will change fundamentally.

Stanislav Ikonnikov

Vera Vasina

Biography of Boris Mints:

In 1980 he graduated from the Faculty of Physics of Ivanovsky state university. Candidate of Technical Sciences, Associate Professor of the Department of Higher Mathematics.

From 1990 to 1994 - vice-mayor of the city of Ivanovo, headed the city property management committee (KUGI).

From 1996 to 2000 - Head of the Office of the President of the Russian Federation for Local Self-Government.

From 2001 to 2003 - General Director of REN TV Media Holding LLC.

From 2004 to 2013 - Chairman of the Board of Directors, since 2012 - President of the Otkritie Financial Corporation.

In 2004, he founded the investment company O1 Group, which owns and manages real estate and financial assets.

In 2013, he withdraws from the shareholders of FC Otkritie, having sold his share to partners Vadim Belyaev and Ruben Aganbegyan.

In 2014, O1 Group buys 100% of the shares of OAO NPF BLAGOSOSTOYANIE OPS, one of the leading non-state funds in Russia. Also at the end of 2014, a stake was acquired in the Austrian company CA Immo, which owns and manages a portfolio of commercial real estate in Austria, Germany and Eastern Europe (Austria).

As of 2015 - Chairman of the Board of Directors of O1 Group, the ultimate beneficiary of the non-state pension fund "Future" (former OJSC NPF "Welfare OPS").