The first case of RUSNANO's withdrawal from a company in which it previously invested

28.05.2012
The Board of Directors of RUSNANO has approved RUSNANO's first withdrawal from a company in which it previously invested. RUSNANO is withdrawing from Advanced Technologies Center, a Closed Joint-Stock Company carrying out the project focused on the expansion of scanning probe microscopes and atomic weighing scales production. The buyer of 27.6% of shares in the project company will be the bidder company OOO NPP ATC. RUSNANO is expected to achieve the investment rate of return (IRR) of 29.5%. Attorney-at-Law Alexey Gorodissky of Andrey Gorodissky & Partners advised RUSNANO on drafting transaction documents required for RUSNANO's withdrawal from the said project.
RUSNANO was established in March 2011 as an open joint-stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investments in nanotechnology projects having substantial economic or social potential. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. The Chairman of RUSNANO’s Executive Board is Anatoly Chubais.