Like father, like son: children of Sberbank and VEB heads engaged in garbage business with state contracts

Like father, like son: children of Sberbank and VEB heads engaged in garbage business with state contracts
Herman Gref (right) with his son Oleg Photo: RIA Novosti / Valery Levitin

The son of Herman Gref, the head of Sberbank, along with the sons of former head of VEB (Vnesheconombank) Vladimir Dmitriev, bought out a stake in the largest garbage transportation company in the Moscow region.

One third of the largest garbage transportation in the Moscow region was taken over by the children of Vice President of the Chamber of Commerce and Industry, former head of VEB Vladimir Dmitriev - Stepan and Pavel, and Oleg Gref, the son of Sberbank head Herman Gref. As reported by Kommersant, the company of young businessmen Chistaya Logistika acquired a 33.33% stake in MKM-Logistics LLC, which occupies a leading position in its segment.

The company removes residential-grade and large-scale waste, soil and snow from south-west and central districts of Moscow under a contract with the Department of Housing and Communal Services of Moscow. And recently they entered the Tula region.

With an annual turnover of more than 2 billion rubles ($34.9m), MKM-Logistics has a portfolio of state contracts worth 40 billion rubles ($698m).

Until 2013, the company, created in 2009, was headed by the son of the developer Alexander Chigirinsky, Mikhail. Then the 33.33% stake was purchased by Ervanton Investments of Roman Abramovich, who in early 2017 transferred it to co-owner of the Skad plant in the Krasnoyarsk region Alexey Gromov. The remaining 33.34% in MKM-Logistic remained in the Chigirinsky's family, which control the share through the Cyprus offshore S&T Estates (Overseas) Ltd.

35-year-old Oleg Gref, who received a law degree, but followed the footsteps of his father, was working in London in Credit Suisse First Boston and Deutsche Bank AG London in 2002-2009. In 2009, he moved to the Russian Deutsche Bank, and in the spring of the same year became vice-president of the consulting group NEO Center, where he was engaged in strategic development.

This year he decided to start his own business with Vesna LLC registered in St. Petersburg and having received a stake in the developer Neva Invest Group LLC. A month ago, Oleg Gref became a managing partner in the consulting company Brayne. Together with him, 12 top managers left the NEO Center, many of whom participated in projects related to Sberbank, such as the construction of the Alabuga industrial park, the Sukhoi Superjet 100 program and the development of the Krasnaya Polyana resort.

Dmitriev's children studied at the Financial Academy. The senior, Pavel Dmitriev, has also worked for Deutsche Bank, heading management for corporate clients, then moved to Kaliyon Rusbank (owned by Credit Agricole), where he was responsible for working with state authorities and management. Now he is deputy general director for finance and economy in Stroytransgaz of Gennady Timchenko. Stepan Dmitriev until recently worked in Invest AG. Now he is engaged in his own projects.

Earlier, the Public Chamber noted the shaky work of MKM-Logistics. In particular, Albina Dudareva, the head of the commission on ecology of the Public Chamber, stated that the recycling of a part of the garbage was carried out through the fictitious Chisty Gorod, now liquidated, which supposedly had to deal with the primary processing of garbage to reduce the hazard class of waste. However, in fact it did not even have the necessary equipment for this.

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