After searches initiated by FSB Mikhail Prokhorov sells all assets in Russia
Among the buyers of the billionaire’s key assets there are the companies of Viktor Vekselberg and Sual Partners of the American businessman Leonard Blavatnik .
The well-known Russian billionaire and politician Mikhail Prokhorov completes the sale of Onexim group’s assets. As reported by Vedomosti, citing sources in the structure of the group and among the businessman’s friends, Prokhorov has agreed to sell a stake in the mining industry giant UC Rusal to Viktor Vekselberg and Leonard Blavatnik. It is expected that the transaction, the cost of which is US $ 700 million, will be completed in November. The main shareholders of Rusal, along with the Onexim, are now En+ belonging to Oleg Deripaska (48,13%), Sual Partners belonging to Viktor Vekselberg and Leonid Blavatnik (15.8%) and Glencore (8,75%).
Of the 17.02% of Prokhorov‘s shares, Vekselberg and Blavatnik will receive 12%, so their share in Rusal will increase from 15.8% to 27.8%. According to some reports, the funds for redemption of shares will be allocated by the banks VTB and Sberbank.
According to Vedomosti, the clearance sale is related to the searches that were conducted by the FSB in Onexim’s structures in April 2016. The FSB explained the checks by the investigation of the criminal case of the Tavrichesky bank. However, according to unofficial version, which officials and sources close to Onexim confirm, it is believed that the matter of editorial policy of the RBC Holding (100% owned by Onexim) which published the investigation into the offshore companies of people close to Vladimir Putin. A month after the FSB searches, the entire management of the media holding changed. As noted by Vedomosti, with reference to the managers of media companies, being pressured by the authorities, Mikhail Prokhorov is searching for a buyer for RBC.
As the portal Newsru.com notes, after the sale of Russian assets in the RusAl, Mikhail Prokhorov can be considered American rather than Russian billionaire: as reported by Bloomberg, after the sale of shares in the RusAl, the cost of the businessman's Russian assets will fall to $ 1.6 billion, whereas the value of assets in the US is $ 2.2 billion. The entrepreneur owns the American club of the National Basketball Association Brooklyn Nets, as well as its sports arena Barclays Center.
It is to be recalled that in the summer of this year Mikhail Prokhorov got rid of his main Russian assets: 20% of the world's largest fertilizer producer Uralkaliy. In October, it was reported that the investment bank Renaissance Capital (100% owned by the group Onexim) is for sale. The other day, it transpired that Mikhail Prokhorov began negotiating on the sale of the Onexim’s share in OPIN development group (83.8% shares) to the owner of the Moscow Credit Bank Roman Avdeev.
Getting rid of assets in Russia caused the talks that Mikhail Prokhorov is going to emigrate abroad, adding to the ranks of political emigrants.
Overall, the group of companies Onexim has a stake in the mining industry (Rusal, Uralkaliy), finance (insurance company Soglasiye, banks Renaissance Capital, Renaissance Credit, MFK), energy (Kvadra), real estate (OPIN), media (RBC, Snob).
As reported by Vedomosti, the Onexim group did not officially confirm the information on the sale of assets.
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