Sergey Pugachev’s United Industrial Corp. has found an investor to pay for the liquidation of one of Russia’s largest shipbuilding companies, the Baltic Plant. Vneshtorgbank will provide the corporation with $550 million to transfer the plant’s capacities to Northern Wharfs and raze the Baltic Plant to the ground in order to build elite housing and offices in its place on Vasilyevsky Island.
Green Marine
about 19 years ago
Baltic Shipbuilder Is Coming Down
Sergey Pugachev’s United Industrial Corp. has found an investor to pay for the liquidation of one of Russia’s largest shipbuilding companies, the Baltic Plant. Vneshtorgbank will provide the corporation with $550 million to transfer the plant’s capacities to Northern Wharfs and raze the Baltic Plant
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