RBC: IT will go to "Armada"
RBC poses a question for shareholders to allocate an IT business to a separate company, Quote.ru reports. It will be called “Armada”, and as it develops, it will probably hold an IPO on one of the Russian stock exchanges. The formation of Armada on the basis of the IT department of the holding will be approved on December 18 - this day the board of directors of RBC appointed a meeting of shareholders.
After the establishment of the new structure, 95% of its shares are expected to be handed over to RBC shareholders, they are quoted by Vedomosti with a press release from the holding. The remaining 5% will go to the reserve under the option program. Until July 2007, about a quarter (15-25%) of the shares of the newly formed company are planned to be placed on the domestic stock market.
According to the director general of RBC Yuri Rovensky, a large part of the revenues of the IT department falls on custom programming. This service is followed by system integration and the sale of computers. It is known that in the first half of the year the revenue of the IT-division amounted to $ 28.3 million, and more than half of this amount - $ 14.6 - was brought by Helios Computer (PC assembly) and ASKO-TBS Consulting (IT consulting ).
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Experts believe that RBC wants to get rid of IT in order to improve the performance of its core business. MDM Bank analyst Elena Bazhenova says that the profitability of the media business in Russia exceeds 40%, and the IT business - 20-25%.
“The Russian stock market now generally needs new companies,” Leonid Delitsyn, an expert from Finam - Information Technologies, told Habrahabru. - From “blue chips” few expect value growth at times (and by the summer of 2007 the majority in this opinion will be strengthened), and investors' hopes to make money have not yet died away. Moreover, there are no IT companies on the Russian stock market yet, so a company in this sector will be very welcome there. So by
at least in the summer of 2007, the time for an IPO can be quite favorable. ”
Anatoly Gaverdovsky, senior vice president of EPAM Systems, a major Eastern European developer, notes that, despite RBC plans this year to bring IT revenues to $ 75-80 million, it’s almost unnoticed on the Russian market. “With such a scale of business, the company should employ more than a thousand programmers, but they simply don’t have enough space in the RBC building,” he said, adding that “RBC is using the work of Indian programmers, but doesn’t tell us anything about it. According to the website of RBC, the staff of its IT division is more than 260 employees, the newspaper said.
Evaluating Armada, some analysts say about $ 180-190 million, others - about $ 160 million.
After the establishment of the new structure, 95% of its shares are expected to be handed over to RBC shareholders, they are quoted by Vedomosti with a press release from the holding. The remaining 5% will go to the reserve under the option program. Until July 2007, about a quarter (15-25%) of the shares of the newly formed company are planned to be placed on the domestic stock market.
According to the director general of RBC Yuri Rovensky, a large part of the revenues of the IT department falls on custom programming. This service is followed by system integration and the sale of computers. It is known that in the first half of the year the revenue of the IT-division amounted to $ 28.3 million, and more than half of this amount - $ 14.6 - was brought by Helios Computer (PC assembly) and ASKO-TBS Consulting (IT consulting ).
')
Experts believe that RBC wants to get rid of IT in order to improve the performance of its core business. MDM Bank analyst Elena Bazhenova says that the profitability of the media business in Russia exceeds 40%, and the IT business - 20-25%.
“The Russian stock market now generally needs new companies,” Leonid Delitsyn, an expert from Finam - Information Technologies, told Habrahabru. - From “blue chips” few expect value growth at times (and by the summer of 2007 the majority in this opinion will be strengthened), and investors' hopes to make money have not yet died away. Moreover, there are no IT companies on the Russian stock market yet, so a company in this sector will be very welcome there. So by
at least in the summer of 2007, the time for an IPO can be quite favorable. ”
Anatoly Gaverdovsky, senior vice president of EPAM Systems, a major Eastern European developer, notes that, despite RBC plans this year to bring IT revenues to $ 75-80 million, it’s almost unnoticed on the Russian market. “With such a scale of business, the company should employ more than a thousand programmers, but they simply don’t have enough space in the RBC building,” he said, adding that “RBC is using the work of Indian programmers, but doesn’t tell us anything about it. According to the website of RBC, the staff of its IT division is more than 260 employees, the newspaper said.
Evaluating Armada, some analysts say about $ 180-190 million, others - about $ 160 million.
Source: https://habr.com/ru/post/4683/
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