By John Meyer, consultant in business – Eurasia Business News, October 16, 2025. Article no. 1838
TMK, a major Russian manufacturer of steel pipes, plans to sell shares in JSC Chelyabinsk Steel Structures Plant (ChZMK) for 5.2 billion rubles (64.7 million USD) to Taimyr Engineering LLC, ChSTEEL Plant said in a statement to shareholders. Interfax was the first to draw attention to it. TMK plans to sell 3.7 million shares of ChSMK, which is 96.35% of the company’s capital at the end of 2024.
Shareholders of ChSMK can exercise the preemptive right to purchase shares on the specified terms. If no applications are received from shareholders by October 20, TMK has the right to sell the stake to a third party, the report said. TMK declined to comment.
ChSTEEL Plant manufactures steel structures for industrial and civil construction, metal structures and pipe products for the oil and gas industry. TMK acquired a controlling stake in the enterprise from the Sinara Group in 2022, then the value of 3.24 million securities was estimated at at least 8.5 billion rubles.
Chelyabinsk Metallurgical Plant (ChMK) is one of Russia’s largest integrated steelmakers producing quality and high-quality steel.
The general director and founder of Taimyr Engineering is Marat Tyakin, according to the Russian Unified State Register of Legal Entities. He also headed Taimyr Invest LLC, which is engaged in transportation, loading and unloading operations and storage of goods, including in the Russian Far North.
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© Copyright 2025 – Eurasia Business News. Article no. 1838
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