Mikhail Prokhorov bargaining sale of RBC

Mikhail Prokhorov bargaining sale of RBC
Mikhail Prokhorov Photo: Zurab Javakhadze / TASS

The most likely buyer of a media holding is owner of the ESN group Grigory Berezkin.⁠

Mikhail Prokhorov is again negotiating the sale of RBC's media holding. There are holding negotiations with the group Onexim, and the deal may be closed within a month. According to RNS sources, the most likely buyer is a company close to businessman Grigory Berezkin, who owns the ESN group.

Mikhail Prokhorov spoke on the sale of RBC in the spring of last year, but then the consultations ceased, because the entire leadership was replaced. And then, in April 2016, Rosneft sued RBC for publishing the material, which caused the state company reputational damage of 3.124 billion rubles ($54.8m). During the litigation, the amount of damage was reduced to 390 thousand rubles ($6.800). And in early 2017 the court withdrew financial claims from the media holding, obliging RBC only to publish a refutation. Rosneft intends to continue the proceedings in the Supreme Court, said Mikhail Leontiev, an official representative of the oil company.

In addition, as of the second quarter of 2016, RBC's debt exceeded 16 billion rubles ($280m). But the holding shows a good profit. As a result of the same 2016, revenue amounted to 5.5 billion rubles ($96m). The bulk of RBC's debt, according to the source of RNS, is on the balance sheet of the structures connected with Onexim.

Grigory Berezkin is a shareholder of the daily newspaper Metro, co-owner of the publishing house Komsomolskaya Pravda, publishing house RZhD-partner. In addition to media assets, the entrepreneur has Uyar and Skovorodino oil terminals, electricity suppliers for Russian Railways and Transneft.

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