VEB.RF initiated observation procedure

25 October 2019, Friday

VEB.RF State Development Corporation filed a lawsuit with the Arbitration Court of Tatarstan on the introduction of the monitoring procedure, which is necessary to maintain the activities of AO Ammoni during the transition period and to restore the solvency of the enterprise.

These events are in line with the plans of VEB.RF and Tatarstan to attract a field-oriented industry investor.

Ammoni Plant was established in 2016 on the basis of the Novomendeleyevsk Chemical Plant. Its main shareholders are OOO Tatammoni (46.4%), VEB (20%), and the Tatarstan Investment and Venture Fund (33.6%).

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