home » Staff » Rostec has developed a cash management mechanism. Sapelin from VEB appointed as CEO of Rostec subsidiary RT-Finance VEB sells Amurmetal

Rostec has developed a cash management mechanism. Sapelin from VEB appointed as CEO of Rostec subsidiary RT-Finance VEB sells Amurmetal

Sapelin Andrey Yurievich

Education

in 1987 he graduated with honors from the Moscow Order of Lenin and the Order of the October Revolution Aviation Institute. S. Ordzhonikidze majoring in "Organization of mechanized processing of economic information."
In 1991 he graduated from the School of Business of the Moscow State Institute international relations Russian Foreign Ministry.

Career

1992-2001 - Deputy Head of Department, Head of Department of JSCB "Evrofinance".

2001-2007 - Deputy Head of the Department, Head of the Department, Director of the Department of Investment Operations and Services of the Investment Block of OJSC "Bank foreign trade(Vneshtorgbank).

2007-2011 - Head of the Department of Corporate Finance of the Directorate of Investment Banking Operations, Director of the Department of Industry of the State Corporation "Bank for Development and foreign economic activity(Vnesheconombank).

since July 2011 – Deputy Chairman of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”. During the period of work in the company provided successful implementation transactions aimed at supporting the largest Russian companies during economic crisis 2008–2009. In addition, he headed project teams that implemented projects for the construction of the largest oil product export terminal in the port of Ust-Luga, the reconstruction of the Khabarovsk Oil Refinery, the construction of the largest polypropylene production complex in Tobolsk, and the nitrogen fertilizer production complex in Mendeleevsk. Supervised the bank's financing of major industrial projects.

In October 2016, Andrey Sapelin, who previously held the position of First Deputy Chairman of Vnesheconombank, was appointed to the position CEO subsidiary of Rostec State Corporation RT-Finance. Andrey Sapelin will retain his position as chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AVTOVAZ from VEB. As CEO of RT-Finance, Andrey Sapelin will focus on consolidating financial assets within the Corporation and developing corporate financial services. It will also be responsible for the formation financial reporting Corporation according to IFRS standards (in 2016, for the first time, the Corporation will switch to full-fledged reporting under IFRS international standards), attraction of investment resources in order to implement the Corporation's strategy and ensure the group's liquidity as a pull leader.

For his great contribution to the development of the financial and banking system and many years of conscientious work, he was awarded the medal of the Order of Merit for the Fatherland, II degree.

, Vnesheconombank

"News"

AVTOVAZ will not pay dividends for 2017

On May 17, AVTOVAZ in Tolyatti held its annual general meeting of shareholders and a meeting of the board of directors of the company. Participants of the annual general meeting shareholders of PJSC AVTOVAZ discussed the activities of the company in 2017, as a result of which Russian sales of LADA in the Russian Federation increased by 17% (up to 311 thousand 588 units), and PJSC AVTOVAZ revenue increased by 22% (up to 225.6 billion . rub.). The growth was largely driven by the success of the new generation LADA vehicles – Vesta (including Vesta SW and SW Cross models, sales of which started in October 2017) and XRAY, as well as stable demand for other models of the brand, the AVTOVAZ press service reports. Growth in sales of LADA cars in the Russian and foreign markets, intensive activities aimed at restructuring led to a significant improvement financial position companies: at the end of 2017, AVTOVAZ received a positive operating margin of 0.7% of revenue and provided a positive free cash flow.

Fraternal scam of the century

The Sobesednik found out where the billions of dollars that the Russian VEB spent on the purchase and lending of factories in the Donbass had gone.

At the end of last week, the Ministry of Finance announced that the Reserve Fund, which in 2015 contained almost 6 billion budget rubles, would be exhausted this year. And the budget deficit will remain. And in order to cover this deficit, the government will throw its hand into the National Welfare Fund and take 600 million rubles from it, as a result, 3.7 billion, or 4% of GDP, will remain in this moneybox. Not much. Where did the money flow from the national bins?

Sapelin from VEB appointed as CEO of Rostec's subsidiary

MOSCOW, 21 October. /TASS/. Andrey Sapelin from VEB has been appointed CEO of RT-Finance, a subsidiary of Rostec State Corporation. He will retain the position of chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AvtoVAZ from VEB. This was reported to TASS in the press service of the company.

As CEO of RT-Finance, Sapelin will focus on consolidating financial assets within the corporation and developing corporate financial services.

His responsibilities will also include preparing the corporation's financial statements in accordance with IFRS (in 2016, the corporation will for the first time switch to full-fledged reporting in accordance with international standards), attracting investment resources in order to implement the corporation's strategy and ensure the group's liquidity as a pull leader.

VEB unloads steel

Last week, VEB made an offer to the former owners of Amurmetal to buy the enterprise back, Andrey Sapelin, deputy chairman of the state corporation, chairman of the board of directors of the plant, told Kommersant. The offer will be valid for 45 days. If the deal does not go through, another strategic investor will be found for Amurmetal.
link: http://www.kommersant.ru/doc/ 1957230

VEB sells Amurmetal

This was announced by VEB Deputy Chairman, Chairman of the Board of Directors of Amurmetal Andrey Sapelin. The offer will be valid for 45 days. If the deal does not go through, another strategic investor will be found for Amurmetal.
link: http://www.metalindex.ru

Vnesheconombank sells Amurmetal

Deputy Chairman of the State Corporation "Bank for Development and Foreign Economic Affairs", Chairman of the Board of Directors of OJSC "Amurmetal", Andrey Sapelin, announced that in early June the bank put forward an offer for the repurchase of OJSC "Amurmetal" to the ex-owner Alexander Shishkin. A more real buyer is Uralvagonzavod. The offer is valid for 45 days, if the purchase does not take place, another investor will be looked for. Complications with the transaction may be caused by a new threat of bankruptcy (on this moment the debt of the Far Eastern Electrometallurgical Plant is 28 billion rubles).
link: http://truba24.ru/analytics/publication/500

VEB put Amurmetal up for sale

The former owners of the Amurmetal enterprise recently received an offer from VnesheconomBank to buy back the former property. This was stated by Andrey Sapelin, Deputy Chairman of the Board of VEB and Chairman of the Board of Directors of Amurmetal.
link: http://www.kamasteel.com/news/

Amurmetal sell

The only thing metallurgical production Far East is up for sale as VEB plans to sell Amurmetal, the only Far East company specializing in ferrous metallurgy. This information was provided by Andrey Sapelin, Chairman of the Board of Directors. Back in 2008, the threat of closure hung over the enterprise, but production was saved with the participation of V.V. Putin (head of the cabinet of ministers).
link: http://www.monsteelcon.ru/novosti-otrasli/amurmetall-prodaiut

Will the Ural defense industry save our Amurmetal?

“Amurmetal came to us in 2010 as a complete bankrupt,” said Andrei Sapelin, deputy chairman of VEB, who is also the current head of the board of directors of the Komsomol metallurgical plant.
link: http://hab.mk.ru/news/

The only metallurgical plant in the Far Eastern Federal District is put up for sale!

The sale was announced by VEB Deputy Chairman and Chairman of the Board of Directors of Amurmetal, Andrey Sapelin. Vnesheconombank acquired the plant in 2008 from private owners, as he was on the verge of bankruptcy. Now the company was offered to be bought out by the former owner Alexander Shishkin. This offer will be valid for 45 days, after which the plant will be offered to other investors. Most likely, it will be the only tank manufacturer in Russia - Uralvagonzavod. “Negotiations are underway,” says Oleg Sienko, General Director of UVZ, “We want to add additional redistribution and provide our production and our partners with metal.” However, what funds and at what price Amurmetal will be bought is still unknown.
link: http://www.rudmet.ru/news/315/?language=ru

Amurmetal passed under the control of Vnesheconombank

Shareholders of Amurmetal JSC for extraordinary meeting Elected October 14 new advice Directors, which included representatives of Vnesheconombank Andrey SAPELIN and Oleg DEMIDOV.
link: http://www.urm.ru/en/news.0- article1778-act.info.html

Along with the change of ownership at Amurmetal, the management will also be replaced

It is noteworthy that the change of ownership at the enterprise is accompanied by a change of top management. On October 14 last year, at an extraordinary meeting of shareholders, a new board of directors of Amurmetal OJSC was elected, which included representatives of VEB Andrey Sapelin and Oleg Demidov, and now Sergey Khokhlov, who has been in charge of the plant since 1997, is leaving the post of head of the Amurmetal management company. Mr. Khokhlov, who was elected to the Khabarovsk Territory Legislative Duma in the March 14 elections, will head the regional parliament by decision of the United Russia General Council (his election is to take place today at the first meeting of the Duma). To fulfill his duties, according to Kommersant, while there will be one of the deputies.
link: http://www.metalindex.ru/news

The former CEO of Amurmetal resigned from the board of directors

The seats on the Board of Directors were retained by Dmitry Bochkarev, Head of Industrial Assets Management at IC VEB Capital, Alexander Katunin, former co-owner of Evraz, member of the Board of Directors of OAO Vladivostok Sea Fishing Port, General Director of OOO Sibirsko-Amursky Metall (management company of Amurmetal) Yuri Lyashok, Chairman of the Board of the Far East Bank of Sberbank of the Russian Federation Valery Pytnev, Head of the Russian National Bank Igor Stolerov and Director of the Industry Department of Vnesheconombank Andrey Sapelin.
link: http://www.rosinvestproekt.ru

Andrey Sapelin and Mikhail Poluboyarinov Appointed Deputy Chairman of Vnesheconombank

The Supervisory Board of Vnesheconombank decided to appoint Andrey Yurievich Sapelin and Mikhail Igorevich Poluboyarinov to the positions of Vnesheconombank's Deputy Chairman.
link: http://www.dv-reclama.ru/

“Rich is not the one who has a lot, but the one who gives a lot”

Since the receipt of the first tranche, VEB representatives headed by A.Yu. Sapelin receive half of the seats on the Board of Directors of the enterprise, and since the summer of 2010 - the majority of seats. In addition, they gained control over management company, which, at the request of VEB, was not changed.
link: http://www.zahvat.ru/show

VEB to sell Far Eastern enterprise rescued by Putin

VEB will sell the only Far East the Amurmetal ferrous metallurgy enterprise, rescued in 2008 with the participation of the then Prime Minister Vladimir Putin. Last week, the state corporation put forward an offer to buy back the enterprise. This was announced by the chairman of the board of directors of the plant Andrey Sapelin.
link: http://mrvorchun.livejournal. com/2750826.html

VEB is trying to start production of aircraft with less than 50 seats

“We have a large country with a low population density, so we need the production of regional aircraft with up to 50 seats flying over short distances. So far, there is no such product in the UAC line. We are discussing this issue with the aircraft manufacturing company,” Vnesheconombank Deputy Chairman Andrey Sapelin said yesterday at a meeting with journalists. According to him, internal work is underway at VEB on the design of an aircraft with up to 50 seats. For private investors, such projects are still unattractive, so "we see the fundamental need to participate in it," said VEB's top manager.
link:

Andrey Sapelin from VEB has been appointed CEO of RT-Finance, a subsidiary of Rostec State Corporation. He will retain the position of chief adviser to the chairman of Vnesheconombank, and will also remain a member of the board of directors of AvtoVAZ from VEB. This was reported to TASS in the press service of the company.

As CEO of RT-Finance, Sapelin will focus on consolidating financial assets within the corporation and developing corporate financial services.

Sapelin will also remain a member of the board of directors of AvtoVAZ from VEB.

Previously, Sapelin, from 2013 to October 2016, was the first deputy chairman of VEB, before that he also held senior positions at Vnesheconombank for six years. While working at a development institute, he ensured the successful implementation of transactions aimed at supporting the largest Russian companies during the economic crisis of 2008-2009.

In addition, he headed project teams that implemented projects for the construction of the largest oil products export terminal in the port of Ust-Luga, the reconstruction of the Khabarovsk Oil Refinery, the construction of the largest polypropylene production complex in Tobolsk, and the nitrogen fertilizer production complex in Mendeleevsk. Supervised the bank's financing of major industrial projects.

Rostec has created a centralized system for the redistribution of funds within the group, implemented on the basis of RT-Finance. As of November 1, 2016, the amount of funds raised by RT-Finance amounted to about 7.7 billion rubles. On a daily basis, operations are carried out to attract temporarily free funds to the pool and provide intra-corporate financing.

On the basis of RT-Finance, a mechanism has been introduced that allows, using loan agreements, to accumulate temporarily free funds of corporation organizations on the accounts of RT-Finance. Further, these funds can be redistributed between Rostec organizations or placed in highly reliable financial instruments.

The purpose of the implemented intracorporate financing mechanism is to increase liquidity, solvency, financial stability organizations of the group, as well as a decrease in the cost and volume of external debt financing.

"Basic economic effect Rostec organizations receive from intra-corporate financing operations: borrowers - in the form of savings from a decrease in interest rates on attracted debt financing from the pool leader of the corporation, lenders - in the form additional income from an increase in the rate of placement of temporarily free cash in the pool leader of the corporation,” explained Andrey Sapelin, CEO of RT-Finance.

As of November 1, 2016, the amount of funds raised by the pool amounted to about 7.7 billion rubles. To date, RT-Finance has entered into more than 340 agreements with Rostec organizations to attract temporarily free funds to the pool of the State Corporation and provide financing to its organizations.

Internal Corporate Governance System Created at Rostec in cash ensures the execution of the instructions of the President of Russia and the directives of the Russian government on the creation of unified treasuries in state companies And public corporations in terms of centralizing the management of the group's financial flows and is the most efficient way to use the temporarily available funds of the group's organizations.

RT-Finance is a 100% subsidiary of the State Corporation. It was established in 2015 to implement and develop the financial, budgetary, dividend, and credit policies of Rostec, as well as holdings and directly managed organizations that are part of the State Corporation. The tasks of RT-Finance include the centralization of the management of the financial flows of the group of companies, maximizing the profitability from investing free financial resources, minimizing the cost of interest on loans with the maximum benefit for the group of companies, the distribution of resources within the corporation.

Banking structures in which the Corporation owns a block of shares, pension funds, and insurance subsidiaries will be transferred to the management circuit of RT-Finance. The purpose of the company's creation is to consolidate core financial assets to improve the efficiency of their management, to create synergy of financial, banking and insurance services.

Story

2016: Centralization of redistribution of finance Rostec

On November 22, 2016 the press service of Rostec announced creation in the state corporation of the centralized system of redistribution of funds within the group. The project operates on the basis of RT-Finance.

As of November 1, 2016, the amount of funds raised by RT-Finance was ~7.7 billion rubles. On a daily basis, operations are carried out to attract temporarily free funds to the pool and provide intra-corporate financing.

The mechanism allows accumulating temporarily free funds of corporation organizations on RT-Finance accounts using loan agreements, redistributing them centrally among corporation organizations, and/or performing a consolidated placement in highly reliable financial market instruments.

The purpose of the intra-corporate financing project is to increase the liquidity, solvency, financial stability of the group's organizations, reduce the cost and volume of external debt financing.

According to the company's statement, by November 2016, RT-Finance had entered into more than 340 agreements with the Corporation's organizations to attract temporarily free funds to the Corporation's pool and provide financing to the Corporation's organizations.

The system of intra-corporate cash management created in the state corporation ensures the execution of the instructions of the President Russian Federation and directives of the Government of the Russian Federation on the creation of unified treasuries in state-owned companies and state-owned corporations in terms of centralizing the management of the group's financial flows and is the most effective way to use the temporarily free funds of the group's organizations.