Rotenberg sells Gazprom's largest contractor to unknown company

Rotenberg sells Gazprom's largest contractor to unknown company
Arkady Rotenberg

The purchasing company was registered several months before the transaction.

Russian billionaire Arkady Rotenberg sold Gazprom’s largest contractor, Stroygazmontazh, to the non-public joint-stock company Stroyinvestholding a few months ago, Interfax reports. The sole founder of the company is Olga Safonova, nine of whose organizations have been liquidated, and the tenth will face the same fate, Vedomosti writes.

Stroyinvestholding was registered on July 3, 2019 in the Federation Tower on Presnenskaya Embankment. Ten previous organizations were active in the Irkutsk, Tyumen and Samara regions. In addition, Safonova headed one of the Magadan companies.

According to Vedomosti, Rotenberg received about 75 billion rubles ($ 1,17 billion) for Stroygazmontazh which he intends to reinvest in Russia. Earlier it was reported that the billionaire’s son, Igor Rotenberg, was planning to sell Gazprom Bureniye, the company drilling wells for Gazprom.

Stroygazmontazh was founded by Arkady Rotenberg on the basis of five subsidiaries of Gazprom and was one of the three largest contractors of the gas monopoly. The competitors were Gennady Timchenko’s Stroytransneftegaz and Stroygazconsulting founded by Ziyad Manasir.

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