Mikhelson ended up having 57.dos percent out-of Sibur and you can Timchenko 37.step 3 per cent. 5 percent. People managers incorporated Kirill Shamalov. Because of the 2014, based on Sibur’s declarations, Kirill had stretched his personal risk in order to 4.3 percent off Sibur.
KIRILL’S COUP
After Mikhelson and you will Timchenko got removed power over Sibur, the only method for everyone locate a major stake inside the company is actually for starters of those so you’re able to commit to offer some offers. Thank goodness having Kirill Shamalov, Putin’s buddy Timchenko is actually happy to sell to your.
Timchenko additionally the president’s the fresh new kid-in-legislation first started discussions during the summer out of 2013, based on an interview Kirill gave on Russian papers Kommersant when you look at the August this present year. The beginning of those discussions was two months immediately after Kirill had distinguished their relationship so you’re able to Putin’s girl.
In , Kirill went down of his government role on Sibur. However, the guy kept his shareholding and you can resided into the as person in the new panel out of administrators. Five months later on, for the Aug. 1, the guy joined a unique providers titled Yauza twelve that’s entirely owned by your.
Next month, Yauza twelve ordered 17 % of Sibur www.datingmentor.org/tr/dating-com-inceleme out-of Timchenko. One to took Kirill’s risk throughout the petrochemical team to 21.3 percent. Putin’s guy-in-legislation are today next prominent stockholder in Russia’s best fuel and you will petrochemicals processor chip.
Earlier this 12 months, an effective spokesman for Timchenko told Reuters one their income to help you Kirill Shamalov happened immediately following negotiations with many different potential customers and you may is actually on an industry rates. The fresh new spokesman told you the brand new product sales shown an insurance plan from Timchenko’s holding business, Volga Category, off diversifying its assets.
Which month, good spokesman getting Volga Class told Reuters: “All deals that have been used of the Mr Timchenko’s formations with offers away from Sibur – the acquisition out-of shares on company, new purchases off part of the share structure to help you K. Shamalov – got a market character and you will taken place according to the markets valuation of one’s company.”
How would this new after that-32-year-old Kirill manage including a buy? A good Reuters examination of Yauza several account filed towards the bottom out-of 2014 shows that the organization got borrowed 78.9 mil roubles (about $step one.3 million during the time). The source with the money was the financial institution where their cousin is actually a deputy president. The financing emerged “away from Gazprombank safeguarded into property belonging to me personally,” Kirill told Kommersant.
The fresh regards to the loan are not identified, however, Kirill’s providers appears to have borrowed the cash affordably. Notice paid after the guy got the borrowed funds, depending on the Yauza a dozen accounts, amounted to help you 343 billion roubles into end from 2014. You to definitely compatible a yearly interest of about step one.step three percent in case your mortgage began whenever Yauza 12 ordered the new Sibur offers, a good Moscow-founded borrowing specialist told you. Brand new specialist additional you to while the loan’s maturity big date is unknown, it is unsure if or not you to interest rate is different from the market speed or not.
Making use of the borrowed $step one.step three mil, Kirill managed to purchase the 17 % share in the Sibur. The guy and his awesome spokesman rejected to help you identify how much cash he paid off, besides claiming it was market price.
Around three separate analysts informed Reuters in the October this current year that Kirill’s full carrying out of 21.step three percent was really worth at least $dos billion. That can have been old-fashioned. To your Dec. eleven, the fresh new Chinese oils company Sinopec agreed to pay $1.34 mil for just 10 percent of providers.
Back to where it started
Along with his magic relationship at Igora ski hotel and his financial good fortune, Kirill Shamalov encapsulates secret areas of the present Russia. The Putin point in time has its own roots during the St. Petersburg, where in fact the president began his political profession. Their family relations throughout the Ozero dacha collaborative, also aides the guy worked with about St. Petersburg mayor’s place of work, continued so you’re able to wide range and determine given that Putin consolidated his electricity.
