Samolet shares fell by almost 10% amid news of the possible departure of the largest co-owner

Shares of the developer “Samolet” fell by almost 10% during trading on the Moscow Exchange on November 7 relative to the closing price of the previous session. testify site data. This happened after Forbes sources stated about the plans of the company’s largest co-owner Mikhail Kenin to sell his 31.6% stake.

Samolet shares fell by almost 10% amid news of the possible departure of the largest co-owner

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Author: Bogdan Muzychenko

At the minimum on Thursday, Samolet’s shares were trading at a price of 1,234.5 rubles per share. At the time of publication of the note, the shares cost 1,265.5 rubles, down 7.6%.

Earlier, on November 7, Forbes sources in the real estate market reported that the developer’s shareholders were looking for a buyer for Kenin’s share. According to one of the publication’s interlocutors, it was “offered to many people,” but “there was talk about the whole package of the Airplane.” The company’s press service told the magazine that they “do not comment on rumors.”

The publication’s interlocutors suggested that the sale of Kenin’s share may be related to the group’s financial problems. “Things are very bad there, and a sale is one of the options for the development of events,” explained a source to Forbes in the company that accompanies the transactions.

This information was confirmed to the magazine by one of the former top managers of Samolet. According to him, this and other developers were “tied” to mortgages and lost most of their sales due to current loan rates. Forbes’ interlocutor clarified that the company wants to attract an investor with capital to cope with financial difficulties.

At the end of October, billionaire God Nisanov reportedthat he and his Kyiv Ploshchad Group of Companies withdrew from the shareholders of Samolet. From the developer’s financial report shouldthat based on the results of three quarters of 2024, the company’s sales fell by 37%, to 50.2 billion rubles compared to the same period in 2023. At the same time, in January–September the figure increased by 25%, to 220.9 billion rubles compared to the same period last year.

Cover photo: primeimages / Getty Images

Source: rb.ru