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Integra Group divests assets of OOO TSZ

31.08.2011

IntegraIntegra Group announces the sale of OOO TSZ which owns the assets of former Tyumen Shipbuilding Plant for RR773 million (US$26.7 million) to OOO Monolit held by DOM Group, one of the largest real-estate developers in Tyumen. The proceeds from the sale will be used for general corporate purposes of Integra Group.

Tyumen Shipbuilding Plant was put into conservation and became a non-core, non-producing asset for Integra. The sale of the plant’s assets is another step in implementation of Integra Group’s long-term strategy to focus on the development of its oilfield services business.


Reference

Integra Group is a diversified oilfield services provider and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies. Established in March 2004, Integra Group has, through 17 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian and CIS market. Integra Group employs over 15 000 people. Since February 27, 2007 Integra Group has been traded on the London Stock Exchange (symbol: INTE).


For additional information please contact:

Integra Group

Andrei Machanskis

Head of Investor Relations

Tel. +7 495 933 0621
amachanskis@integra.ru
Konstantin Schwarzkopf Vice President for Public Relations Tel. +7 495 933 0621
kschwarzkopf@integra.ru



Oil and Gas Industry Supplier Base
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