Category Archives: Business

The President of “Abrau-Durso” became the owner of a network of clubs of martial arts

Pavel Titov

Photo: Sergey Avduevskii / IDR-FORMAT / TASS

The President of the wine house “Abrau-Durso” Pavel Titov became the owner of a chain of Thai Boxing clubs in the Moscow region. The deal stems from the personal passions of the entrepreneur, as the investment attractiveness of this business is low, experts say

Wine and Boxing

The President and Chairman of the Board of Directors of “Abrau-Durso” Pavel Titov is the owner of 100% of OOO “skbi “Varyag”, was at the end of February 2017, from the SPARK database. The company is associated with the development of sports clubs.

Pavel Titov confirmed to RBC that he owns a chain of sports clubs, martial arts. According to the businessman, he started Thai Boxing in “the Vikings” two years ago.

Network “Varyag” has been around since 2008 and, according to her, is the largest in the Moscow region. It includes 15 clubs in Moscow and the Moscow region (Train, Podolsk and Scherbinka), which conducted training in three areas — mixed martial arts (MMA), Boxing and Thai Boxing. However, the specialization of clubs, Thai Boxing, said Pavel Titov.

On the club’s website stated that the summer camp of the club will be held in Abrau-Dyurso. However, as stressed in an interview with RBC Pavel Titov, “Varyag” was his personal project, not associated with business “Abrau-Durso”. The decision to enter a new business he took at the end of 2016. For combining previously disparate clubs creation of a single legal entity.

The amount of the transaction Titov did not disclose. Deputy Director for operations of the network of fitness clubs X-Fit Irina Tumanov believes that “the former owners were able to arrange a very reasonable cost up to a million for the club”. Thus, the cost of the entire network could be 15 million rubles, a Representative of fight club “Sparta” believes that the maximum price of the asset is about 24 million rubles, while the profit can be only the clubs located in Moscow.

Who is Pavel Titov

Pavel Titov is the son of the Commissioner of the Russian President for human entrepreneurs Boris Titov. After my dad left the civil service since June 2012 when he took over the wine house “Abrau-Durso”, where he held the position of Director for investments and strategy and develop international projects. Pavel Titov graduated from London’s Cass Business School. From 2005 to 2009 he worked in banks Merrill Lynсh and ABN Amro, focusing on M&A transactions in Russia and CIS countries and debt markets.

Log in Vegas

Later, Titov plans to transfer about 40% of the “skbi “Varyag” to other partners. Some of them are investors of people in relation to “the Vikings,” said Titov. He also added, that does not preclude business growth and access to other cities.

“Thai Boxing is very popular today, this sport is gaining momentum,” confirms the President of Federation of Thai Boxing in Moscow Grigory Drozd. It is estimated that today in Moscow there are more than hundreds of specialized clubs and Thai Boxing about 2.5 thousand people. However, as said Thrush, “the Vikings” is one of the most famous clubs in the Moscow region.

Photo: from the official group “skbi “Varyag” Vkontakte

In September 2017, “Varyag” is going to open a flagship club in under construction in the Kuntsevo shopping center Vegas. As told Titov, the club’s total area of 1.3 thousand square meters and will include two of the ring and the area of crossfit. Thus, it will be one of the biggest in Moscow. To name the sum of investments into the club in Kuntsevo Titov found it difficult, citing the fact that it is in the design stage. However, the value of similar objects, the businessman estimates range from 18 million to 25 million rubles. “part of the project funding I, part hope to attract from outside”, — said Titov.

The amount of investment in such a project is difficult to predict, confirms Irina Tumanova from X-Fit. Costs depend on the conditions of rental rates, the level of finishing of the club, the equipment used and the skills of employees.

Specialized fight clubs usually marginally profitable, as “focused on professional athletes, which partly free, and children’s clubs,” adds the head of a network fitness-clubs World Gym in Russia Olga Kiseleva. In her opinion, the purchase of “Varyag” may be due to “some political considerations” or involvement of the investor to specific types of activities as “investment attractiveness of this project is not very high.”

With the participation of Denis Puzyreva

Mikhail Prokhorov has exposed on sale of 49% of shares of “Brooklyn nets”

Businessman Mikhail Prokhorov has exposed on sale of 49% of the basketball club NBA “the Brooklyn nets”. The buyer has not been found yet, but the billionaire has promised that a controlling interest in the club assets, in any case will be for him

Mikhail Prokhorov declared intention to sell 49% of the basketball club “Brooklyn nets” of the National basketball Association (NBA), the businessman told the Agency “R-Sport”.

He noted that the shares already offered for sale, but the buyer has not been found yet. “While this process goes on, looking for a buyer”, — said Prokhorov.

As reported by Mikhail Prokhorov TASS, he will remain the main owner of the club. “I am committed to “Brooklyn nets” and remain the primary owner of the team. My goal of finding partners in the local market is to continue strengthening the presence of the team in new York to expand our business and social relations,” – said Prokhorov.

In December 2016 Prokhorov told Bloomberg about his plans for the sale of “Brooklyn nets”. Then the businessman is not informed, what share in the club he plans to get rid of. The specific possible buyers of the shares of the club Prokhorov then did not name, noting only that the search for shareholders he attracted investment Bank Allen & Co.

Mikhail Prokhorov, with a fortune of $8.9 billion occupies the 145th place in the global rating Forbes. His company, Onexim Sports & Entertainment bought 80% of shares of the team “Brooklyn nets” and 45% stake in the Barclays Center stadium in 2010, the remaining shares of Forest City Enterprises belonged to the developer Bruce Ratner through. Then basketball team based in new Jersey in the United States. The total cost of securities purchased Prokhorov made $223 million In 2012, “Brooklyn nets” moved to new York.

At the end of December 2015 Prokhorov became the sole owner of the “Brooklyn nets”, bought from Ratner did not belong to him earlier share of the club. According to Forbes, a total of Prokhorov paid for the club is $875 million, and its home arena — $825 million, including debt. According to estimates of Bloomberg, which is about 10% cheaper than the previously announced cost of the club, which was $1.9 billion.

Chapter S7, Natalia Fileva has entered the top 5 richest women in Russia

Natalia Fileva

Photo: Stanislav Krasilnikov / TASS

Chairman of the Board of Directors of group of companies S7, Natalia Fileva has become the third among the richest women in Russia, earning $600 million ahead of It was Elena Baturina Elena rybolovleva

Chairman of the Board of Directors of group of companies S7, Natalia Fileva has become the third in the top 5 richest women in Russia. The magazine has estimated her fortune at $600 million, she first went into the Russian Forbes list, taking the 171-e a place.

In the S7 Group includes the airline “Siberia” and “globe”, as well as companies that service and tour operator activities and enterprises engaged in the organization and implementation of transportation, maintenance of aircraft, training of aviation personnel.

Natalia Fileva and her husband Vladislav became the controlling shareholders of airline “Siberia” in 1998. In 2006, there was a brand S7, and in 2008 earned the airline “globe”. Now “Siberia” is the second after “Aeroflot” the airline of Russia. By the end of 2016, the airline group S7, increased transportation of passengers up to 13,146 million people, nearly a quarter more in comparison with 2015.

In September 2016 S7 Group acquired from RSC “Energia” floating cosmodrome “Sea launch”. According to Vladislav Fileva, the group has invested in the project $150 million.

The richest woman in the Russian rating Forbes remains Yelena Baturina, President of Inteco Management and wife of former Moscow mayor Yuri Luzhkov. Compared to last year she has lost 25 positions in the ranking, finishing in 90th place. Her fortune the magazine estimated at $1bn.

Second place among the richest Russians is a private investor, ex-wife of Dmitry Rybolovlev Elena Rybolovlev. With $600 million it is located at 168 th place in the rating. In 2016, it took the 142nd place.

Shareholder of factory of baby food and mineral water “Progress” Olga Belyavtseva close the three richest women in Russia a year earlier, in 2017 became the fourth. Its condition Forbes estimated at $450 million, in the top 200 richest businessmen it has not got.

The Top 5 richest women also became CEO of the online store Wildberries Tatiana Bakalchuk, earned $420 million Threshold for entry into the rating of the richest businessmen it also failed to overcome. This year it reached a record $500 million.

The government asked neftyannikov to increase production in exchange for benefits

Arkady Dvorkovich

Photo: Stoyan Vasev / TASS

The government is ready to discuss new large-scale benefits for oil workers which the Finance Ministry estimates more than 150 billion rubles a year. But they will have to ensure the growth of production by changing the parameters of the license.

On April 20 a meeting of the government Deputy Prime Minister Arkady Dvorkovich instructed the Ministry to start a new tax for oil — added tax income (JPM), and large-scale incentives for met for four oil companies — “Rosneft”, “LUKOIL”, “Gazprom Neft” and “Surgutneftegaz” — have not yet entered, but to continue their discussion. About RBC told three people close to the participants.

The representatives of Dvorkovich and “Gazprom” refused to comment, representatives of LUKOIL, Rosneft, energy Ministry has not yet responded to requests to RBC. The representative of the Ministry of Finance declined to comment, redirecting the request to the Secretariat of the Prime Minister.

The budget will lose more than 150 billion RUB of possible revenues in 2018, if the four companies will receive such benefits, told “Kommersant” the head of the tax Department of the Ministry of Finance Alexey Sazanov. The reduction in the severance tax for oil will increase production on the fields, and therefore higher tax base and tax revenues, did not agree energy.

The meeting decided that the growth will need to prove, including with the assistance of independent experts, told the interlocutors of RBC. The new oil production companies will have to commit in technological schemes of development of deposits is a kind of guarantee for the government, they explain. Technological scheme — an integral part of the license to use the field, it fixes the amount of production and release dates for these volumes, reminds the representative of the Ministry of environment. In case of default of the obligations contained in the development plan, the company receives a notice of a possible early termination of subsoil use right. For elimination of violations is given from 3 months and repeated violation of the Ministry of environment may revoke the license.

At the meeting with Dvorkovich, the Ministry of Finance has again stated that the introduction of PDM will lead to a shortfall in budget revenues, about 60 billion rubles, which means you will need to raise the tax burden for the entire sector, to compensate for them, says one of the sources of RBC. The Ministry of Finance and the Ministry of energy in February agreed on how to avoid budget losses, told RBC two Federal official. The Ministry agreed to reduce the maximum cost at which the oil can reduce nalogooblozheny base, 7520 9520 to RUB two years, they explained. At the meeting, the representative of the Ministry has reminded the Ministry of Finance of the arrangements, and Dvorkovich supported them, he says.

The representative of Arkady Dvorkovich declined to comment on the outcome of the meeting. The Protocol should be next week, said another interlocutor of RBC.

PDM or the met?

Discussion about the new large-scale facilities for oil occurred in December of last year. Then benefits for their flooded fields (in particular, for one of the largest — Samotlor, production at which it falls) asked, “Rosneft”: it was a condition of the sale of 19.5% stake in the company in January 2017, the consortium of Glencore and the Qatar investment Fund (QHG Shares Pte. Ltd), wrote “Kommersant” with reference to sources. But the initiative of Rosneft entered into conflict with large-scale tax reform in the oil industry.

Ministry of energy and Ministry of Finance were arguing about reform for over two years and at the beginning of 2017 finally agreed on all parameters. The reform provides for partial replacement of the taxes levied revenue for the new added tax revenue, which is closer to income tax. TAR takes into account the specific features of the project and will allow companies to develop sophisticated unprofitable stocks without the use of point incentives, the provision of which the Ministry of Finance considered opaque and corruption.

Photo: Yegor Aleev / TASS

The Ministry of Finance in response to the offer “Rosneft” about the new benefits offered to include Samotlor in the list of pilot fields for PDM, but Rosneft refused. Then to her proposal, joined by three major oil companies: LUKOIL, “Surgutneftegas” and “Gazprom Neft”. All were asked to reduce them met two times for the very wet fields (water in the produced fluid is greater than 85-90%), with residual reserves in the 5-150 million tons of oil. Total production volume of such oil will be about 40 million tons per year (7% of production in Russia), of which about 20 million t is necessary on “Rosneft”, told RBC two Federal official. Not that companies really needed these benefits, just decided to bring the situation to absurdity: if “Rosneft” wants serious concessions, let them give all the tells it the position of companies other Federal official. If the choice is between the benefits of the mineral extraction tax and the new tax system, the introduction of PDM, it would be more prudent for the industry, said an employee of one of the four companies.

PDM separately, met separately

On the eve of the meeting with Dvorkovich, the Ministry of Finance and the Ministry has taken the opposite position. The Ministry of Finance insisted on the introduction of PDM and did not agree to any new benefits. The energy Ministry believed that all four oil companies can receive investment incentives in the form of reduced severance tax now, and PDM in the future. On March 24, the position of the Ministry was supported by the assistant to the President Andrei Belousov, told RBC two Federal official. At the meeting on Thursday, Dvorkovich threw these two concepts: PDM, you need to enter separately, and incentives for met to render separate, says one of the interlocutors RBC.

Given the fact that PDM is still an experimental form and will work only in 2018 on separate fields, it is likely that the oil companies, these benefits still get, says Raiffeisenbank analyst Andrei Polishchuk. But hardly in the form in which I ask, although Rosneft will no doubt continue to lobby for the decrease in met, be skeptical Deputy Director of the Institute for energy and Finance Alexei belogoriev. According to him, until 2023 production in Russia will continue to grow and will amount to 570 million tonnes (+4% compared to 2016). But on one side right behind the “hump” followed by a collapse, and support it will only be a tax, on the other — in some regions, for example, in the Khanty-Mansiysk Autonomous district, partly in the Nenets Autonomous district, oil production will continue to fall until 2023, it can lead to unemployment, the expert concludes.

What is PDM

Now the oil companies pay mineral extraction tax and export duties, the taxes levied on revenues. The reform provides for partial replacement of mineral extraction tax by a new tax — the added tax revenue. The tax rate will be 50%, it will be levied on income from oil sales less export duties and reduced mineral extraction tax, the cost of production and transportation. PDM must earn in 2018 of the experiment for three groups of deposits of up to 15 million tonnes: this is a new and Mature areas in Western Siberia and new fields in Eastern Siberia. The energy Ministry believes that the bill should be primarily to stimulate oil production from Mature fields in Western Siberia, where it is reduced. Meanwhile in Russia production grew for the second consecutive year and in 2017, according to forecasts of the Ministry, will grow by 0.5 million to 548 million tons and in 2018 — to 553 million tonnes, Analysts believe that the growth of oil production in Russia in recent years — the result of tax administration of the state.

The Bank of Russia decided to create a platform of instant payments for individuals

Photo: Ekaterina Kuzmina / RBC

The Bank of Russia soon intends to create a platform of instant payments, through which citizens will be able to transfer money, pay for goods and services

As reported by the newspaper “Vedomosti” Director of national payment system Department, Central Bank Alla Bakina, the new platform, which is now engaged in the knob to allow citizens to transfer payments amount to 100 thousand rubles.

To pay for goods and services will be via mobile app or Internet services. They will be integrated with the payment system of the Bank of Russia, which now have only banks.

According to the Executive Director of “Finance”, Boris Kim, this is a complex infrastructure project, which will occupy not one month.

Opinions among experts about the future of the platform was divided. Thus, the specialist business-school “SKOLKOVO” Egor Krivoshey believes that the Bank of Russia in this case will lose the role of the arbitrator and undermine the development of the payment system. Boris Kim specifies that the transfers from card to card — not a cheap activity, and it makes sense to create another similar system is pointless.

In turn, the representative of Visa supported the initiative of the Bank of Russia, arguing that the future platform will allow to develop new types of translations.

Some bankers believe that the platform of the Central Bank will create significant competition for the transfer service “Sberbank online”. In the savings Bank have not answered the question whether they consider a risk project the Bank of Russia.

Authorities have approved only 15% of applications for “far Eastern hectare”

Photo: Yuri Smityuk / TASS

To date, the government agreed to less than 15% of applications for land under the program “far Eastern hectare”. The Ministry is preparing amendments that will expand the category of land involved in the program

During action of the law on the provision of land to citizens in the far Eastern Federal district (“far hectare act”), signed by the President on may 1, 2016, the authorities gave the Russians more than 12,4 thousand sites in the region, told RBC Deputy Minister for development of Russian Far East Sergei Kutaev. 85% of the plots were received by the inhabitants of the Far East, mainly in the Primorye and Khabarovsk edges and Republic Sakha-Yakutia. Also actively applied Moscow, Moscow suburbs, St.-Petersburg with Leningrad region and the Krasnodar territory, listed Kachaev.

The law, which came into force on 1 June 2016, allows individuals to get free of 1 hectares on the territory of the far Eastern Federal district. After five years the earth can be obtained from the property if it will be developed during this period. Until October 1, 2016, the program applied only to residents of nine districts of the pilot until February 1, 2017 — for the Far East residents, after this date all citizens of Russia.

Just free of the desire to obtain hectare in the largest Federal district of Russia expressed about 84 thousand people, said Sergey Kachaev. Thus, at the moment granted less than 15% of applications, estimate by RBC. “The rest are under consideration or already have cracks,” — said the press service of the Agency for the development of human capital in the far East. Under the law term of consideration of the application should not exceed 33 days.

Says Kachaev, the number of failures gradually decreases: until February 2017 was rejected 30% of applications, and in March — just 17%. The main reason for the failure is the violation of the rights of third parties, the Deputy Minister explained.

According to the law, only 25% of the territory of the Far East, where the population density is one person per 1 sq km, can be involved in the program, said Kachaev. The remaining 75% did not meet the conditions described in the law of the land must be free from rights of third parties and be in free circulation. In particular, not be given in the use of land hunting grounds, which, in particular, is about 80-85% of the territory of Primorsky Krai and the Jewish Autonomous region.

Completely, according to the Deputy Minister, suspended the allocation of plots in the Kuril Islands. It is connected including with the limits imposed by the law “On specially protected natural territories”. Despite the fact that to obtain free land in the Kuriles want about 700 people.

Now, the Ministry has prepared amendments to the law specifying the grounds for excluding sites from the program. As promised Kachaev, this should increase the number of available program lands.

According to the statistics Ministry, the main use of the “far Eastern hectare” — is individual housing construction (about 43%). Every fifth participant of the program (20%) willing to engage in agriculture, and 7% intend to use the land for recreational purposes.

Far East across all Russia

The Deputy from “Fair Russia” Oleg Nilov plans to introduce a bill extending the program for free distribution of land in the whole of Russia, have informed “RIA Novosti” on Thursday, April 20.

In the explanatory note to the bill States that the bill “extends the action of FZ-119 “About features of granting land to citizens…”, establishing the right of citizens to receive free land plots not only in the territory of the far Eastern Federal district, but also throughout Russia.” As pointed out by the author of the project, the bill serves several purposes: to involve the population in agricultural activity, to solve the problem of settling the remote territories and begin to actively use millions of hectares of land.

In Ministry to the idea was skeptical. Before distributing the law on gratuitous allocation of a hectare in other regions of Russia, we should wait some time to see how the program works in the far East, and to draw conclusions, said Sergei Kutaev.

 

The head of “Sovfraht” has announced plans for his family to buy a Crimean “New world”

Factory of sparkling wines “New world”

Photo: Ekaterina Kuzmina / RBC

The Chairman of one of the largest transportation and logistics holdings in Russia “Sovfraht” Dmitry Purim will apply to the purchase of factory of sparkling wines “New world” in the Crimea. Informed about the interest of Purim to the company told RBC sources

The Chairman of the Board of JSC “Sovfraht”, one of the largest transportation and logistics holdings in Russia, Dmitry Purim in conversation with RNS have declared their intention to bid for the purchase of the Crimean factory of sparkling wines “Noviy Svet” was founded in the XIX century by Prince Lev Golitsyn.

“This is my private project, if I can win the contest… while he has yet to be announced. Talks are ongoing, we are not alone interested. I will participate as individuals, as a family,” said the entrepreneur.

In mid-March, sources told RBC that one of the oldest wineries in the region can be included in the privatization plan in the next two years. Bidders for the interlocutors called structure Dmitry Purim.

The representative of the press service of the Ministry of economic development of Crimea in conversation with the publication reported that the office does not possess all the information regarding the privatization of the “New world”.

The RBC was the minutes of the meeting of Council on improvement of investment climate of the Crimea, which took place on 9 February. At the meeting, in particular, discussed the investment project “organization of modern agricultural production techniques grapes, with the subsequent processing and production of sparkling and table wines.” The representative of the Department clarified that the project requested by the property of a branch of the “New world” in the Bakhchisarai district of Crimea. The investor of the project is OOO “Vikon”. From the data of SPARK, it follows that this structure belongs to the company “Morinvest”, General Director — Konstantin Purim, and the number of co — owners “Sovfracht”.

According to SPARK, the revenue of the state unitary enterprise “Factory of sparkling wines “New world” in 2015 amounted to 403,84 mln (profit of 130 million). For comparison, the revenue of “Massandra” during the same period, 1,468 billion.

The defense Ministry spoke out against “Translam” as a priority buyer

Photo: Ruslan shamukov / TASS

The head of the armored Directorate of the Ministry of defense Serhiy Bibik opposed to without bidding to sell military scrap metal close to the Russian Railways company “Translom”. Major General questioned its production capacity

The company “Translom” should not become a priority buyer of the scrap of the Ministry of defense, as it does not cope with the removal of already acquired military scrap, indicated in his letter of 5 April, acting chief of the Main armored Directorate of the defense Ministry major-General Serhiy Bibik. The document was sent to the Director of Department of property relations of the defense Ministry Dmitry Kurakin. A copy of the letter available to RBC, the document’s authenticity confirmed by two sources RBC, close to the defense Department.

A letter from the head of the Department of defense were drawn up in response to the Commission to consider the draft presidential decree, which, as previously wrote RBC, provides the Ministry of defence the right to realize scrap-collecting company “Translom” ferrous and non-ferrous metals, formed from the disposal of military equipment, at market value without an auction. Now the project is at the stage of public hearings. Now the military scrap sale at auction of the Russian auction house, acting on behalf of the Ministry of defense.

Arguing, Bibik writes that the company “Translom” was not able within a month to begin the removal of purchased military scrap from the territory of JSC “560 BTRZ” (armored plant). At the time of writing of the letter was removed about 130 tons of scrap metal from 1425 tonnes, which casts doubt on the production possibilities of the company “Translom”, emphasizes the General.

“Translom” performs all obligations to the defense Ministry, told RBC General Director of this company Sergey Astakhov. But the question, is it true that delayed the export of scrap from the site of JSC “560 BTRZ,” he said, “there are Different situations… “We won quite a lot of lots, I don’t want to comment one lot. Nothing more to comment on I will not!”

Last year, the defense rescued thanks to the implementation of military scrap more than 2 billion rubles, told RBC Dmitry Kurakin.

In 2017, the defense Ministry plans to get rid of 230 thousand tons of scrap metal (the proportion of ferrous and nonferrous metals in the party is unknown), follows from the explanatory note to the draft decree of the President. Considering the average price in 2016 on the market of ferrous scrap at 9.5 thousand rubles per ton, the contract only in the first year can bring “Translaw” 2.2 billion worth of sales. Assuming the price of ferrous scrap in March (12 thousand rubles per ton), “Translom” can get 2.8 billion rubles.

What “Translom”

The former structure of the RZD JSC “Translom” since October of last year belongs to Alexey Zolotarev, partner assistant to the President Igor Levitin, former Minister of transport. The company’s revenue for 2015, according to SPARK-Interfax, amounted to 13.5 billion rubles, the Source of RBC in the scrap collection industry noted that “Translom” continues to win all the tenders of the Railways for disposal of decommissioned cars. Despite the fact that the company has changed the owner, it de facto continues to be close to the Railways, said the interlocutor of RBC in the market.

Sources of “Kommersant” bind “Translom” with the interests of the family of Rotenberg. Arkady Rotenberg belongs to “Pipe metal”, and his son Igor — 50% of NSK, OOO, specializing in the production of precious and nonferrous metals and processing of scrap of all kinds. The “Translom” and “Kronos” — the loggers scrap the Railways, where Igor Rotenberg in 2004 and 2005 he was Vice-President and head of the asset management Department, argues “Kommersant”.

CEO “Translam” Sergey Astakhov connected with Rothenberg denies: he told RBC that the owner of 100% of a Zolotarev. A representative of Rotenberg also denied the connection “Translam” with their structures, adding that the said NSK, OOO has no relation to scrap collection.

 

Trader of LUKOIL has maintained its leadership in the ranking of Forbes

Despite the fact that “Rosneft” after the purchase of a controlling stake of “Bashneft” has terminated a major contract with LUKOIL, the Swiss oil trader Litasco LUKOIL has retained leadership in the ranking of the largest buyers of Russian oil, published by Forbes

Swiss oil trader Litasco, owned by LUKOIL, the second year priznatsa Forbes largest buyer of Russian oil. In 2016, the volume of purchases Litasco amounted to 32.9 million tonnes at $9.3 billion Despite the loss of major contracts with Rosneft, terminated on 1 November 2016, after the purchase of “Bashneft”, the trader had beaten the Chinese China National United Oil Corporation (“daughter” of CNPC), working with “Rosneft”. The volume of purchases of crude oil by this company in 2016 reached 27.6 million tons — worth $8.3 billion.

According to Forbes, while “Rosneft” can not fully refuse services to Litasco because the only economically reasonable shipping port Varandey belongs to LUKOIL. But, according to sources, “Rosneft” has achieved revision of the price of the contracts in their favor. According to Forbes, from November 1, Litasco lost the contract for the supply of oil to LUKOIL refineries of Bashneft and return the supply of oil to Litasco for 193.9 billion rubles And the sources RBC reported that the knife fell contracts totaling about 400 billion rubles.

On the third place in the ranking rose Dutch Trafigura she went to the Swiss trader Total Oil Trading, which is owned by French Total. The contracts awarded to Trafigura at the end of 2016 amounted to $6.8 billion against $4.9 billion in 2015 while procurement volume at 23.1 million tonnes (in 2015, 12.9 million tonnes). Trafigura with Rosneft and UCP agreed to purchase Essar Oil Ltd, operator of one of India’s largest refinery.

Swiss trader Glencore, which the Qatari sovereign wealth Fund became the largest shareholder of “Rosneft” has risen on 5-e a place from 13 th volume of its purchases (including “daughter”, the Irish Ros-GIP Limited) amounted to 14.8 million tons, the amount of these contracts was $4.1 billion.

One of the largest world traders Gunvor, not included in the ranking of Forbes last year, at the end of 2016 increased purchases and took 15th place among the largest buyers of Russian oil with the volume of purchases to 4.3 million tonnes worth $1.3 billion.

The twenty leaders Forbes came in and one of the largest shareholders of Rosneft British Petroleum. Its trading division purchases crude oil from “Surgutneftegaz” and “Gazprom oil” and put it in China, Korea, Italy, the Netherlands and Finland.

Forbes publishes a ranking of the 20 largest buyers of Russian oil for the second year.

The owner of the Fund UCP Ilya Sherbovich for the first time entered the list of Forbes

Ilya Sherbovich

Photo: Oleg Yakovlev / RBC

Ilya Sherbovich ranked 111 th place with a fortune of $950 million the businessman Himself has not yet commented on RBC this assessment.

Ilya Sherbovich began his career in the financial market in 1992, more than 10 years headed and was a shareholder of United financial group (UFG). In 2006 — bought UFG Deutsche Bank and shcherbovich with partners, he founded UCP.

Now the share of Sherbovich in the Fund — 77,7%, under management of more than $3 billion. According to him, in its history, UCP has conducted more than 20 successful transactions, their profitability was 7-9%, and several hundred percent. For example, UCP has earned 722% on the resale of the shares of RTS stock exchange, 32% — on the resale of the package of North America, according to Forbes. Priority for investments in UCP no: the main criterion — the potential of growth of cost of the asset, said Sherbovich.

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20 April, Forbes magazine published a rating of the richest businessmen of Russia. Their combined wealth in 2016 increased by $100 billion, in addition, the rating has added 13 newcomers. Damn…

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Praise from Sechin

Ilya Sherbovich has long been familiar with the head of “Rosneft” Igor Sechin. According to the Sherbovich, their acquaintance began shortly before the investor’s nominated to the Board of Directors of “Rosneft” in 2012. According to “Vedomosti”, they met much earlier, during the sale of Yukos assets. After the arrest of Yukos founder Mikhail Khodorkovsky, the company was declared bankrupt and the assets sold, most of the assets bought by Rosneft. But for a lot of unknown company “the Prana” staged a real battle, raising its value five times, wrote “Vedomosti”. As a result “Rosneft” has received most of the assets purchased “Prana”, then the experts believed that such a scheme would complicate potential legal claims against Rosneft. Prana could be associated with a UCP, said the sources of “Vedomosti”, he shcherbovich denied it.

UCP connected with Sechin and the founder of the network “Vkontakte” Pavel Durov. In 2013, UCP bought 48% stake VK.Com Limited. “So today Vkontakte goes under the complete control of Igor Sechin and Alisher Usmanov,” Durov commented on your blog (Usmanov through Mail.Ru Group controlled 52%). Sherbovich relationship with Sechin denied. In 2014, the group sold the entire package “Vkontakte” Mail.Ru Group for $1.47 billion.

Shcherbovich has served on the Board of Directors of “Rosneft” in 2012-2013, and now UCP helps the company as investment adviser, and sometimes participates in the projects of Rosneft as a co-investor, told Sherbovich “Vedomosti” last summer. For example, in the near future, the group together with the trader Trafigura to buy 49% of India’s Essar oil, and another 49% will buy “Rosneft”. The company’s value was estimated at $12.9 billion, including the debt of Essar oil “Rosneft” plans to pay for your package of $3.5–3.8 billion Essar oil owns one of the largest refinery in India, a network of filling stations and the port infrastructure.

Igor Sechin, appreciated the acumen of co-owner of the UCP: “If shcherbovich jumped out the window, you can safely jump behind him, there’s definitely money there. He could not move, not to earn” — quoted Sechin to Forbes.

Assets in the energy sector and not only

UCP actively invested in the energy sector, but recently began to emerge from the assets. In 2017, UCP sold 71% of preference shares “Transneft” nearly $3 billion. the Buyers were financial investors, reported by the group. According to Forbes, it is the structure of Gazprombank, the shares they bought in the interests of “Transneft”. A week before the transaction shares “Transneft” have grown by 18% to RUB 211 100 per share, including 22 March, the day of the deal, the paper added 8% on the news about the growth of dividends for holders of preferred shares. The day of the deal, the Agency changed the Charter of Transneft, so that the dividends on preferred shares was not below the amount of dividends on the ordinary. This was required by the UCP and other minority shareholders throughout 2016. In particular, UCP disputed the amount of dividends for 2013 and 2015 is due to the fact that their size was below the payments on the ordinary shares. The group pleaded with the “Transneft” because of this and other disagreements, but in February the parties agreed to resolve all disputes.

In November 2011, UCP and “Transneft” have agreed that the investment group will buy shares, then sell them the monopoly, it was said in the document entitled “Conceptual agreement,” which was signed by shcherbovich and the President of “Transneft” Nikolay Tokarev (RBC). The agreement is genuine, said the representative of the UCP, the representative of “Transneft” authenticity denied. The source of RBC said that my package UCP has requested $2.9 billion Is close to the amount of the transaction on March 22.

In October 2016, UCP sold and 8.7% of “inter RAO”. The market value of the package was estimated at $490 million — almost three times the amount for which the UCP bought the shares from Norilsk Nickel in December 2015.

In 2015, the UCP and Gazprombank bought from Ziyad Manasir and Ruslan Baysarov stock one of the largest contractors of “Gazprom” — the company stroygazconsulting. The new owners received 50%. In 2014 Stroygazconsulting” went wrong relations with “Gazprom”, the contractor no longer contracts, there were problems with creditors. After a change of owners of the case “Stroygazconsulting” went smoothly: in 2015, the company signed contracts with “Gazprom” for 18 billion rubles, and in 2016 already 116.4 billion rubles, follows from the data of SPARK.

One of the biggest investments UCP — buying a 48% stake VK.Com Limited (a social network “Vkontakte”) in April 2013. Then the analysts assessed the entire network of not more than $2 billion, and the source of “Vedomosti” argued that the transaction amounted to $900 million Already in 2014, the group sold the entire package Mail.ru Group for $1.47 billion. Therefore, the UCP could earn on this investment of $470-570 million in about 17 months.

Investor activist

UCP is an active investor who fights for the rights of all shareholders of the company, has repeatedly said Ilya Sherbovich. This, for example, the investor explained numerous lawsuits to “Transneft”. “We act as a shareholder activist who would want the company has worked with normal, generally accepted rules of functioning of joint stock companies,” he said in an interview with “Vedomosti”.

The term “investor activist” emerged in developed markets, explained shcherbovich. Such an investor typically buys large minority stake and offers a constructive agenda for other shareholders and management to increase the company’s capitalization. “We are investors, we like the assets, which are undervalued, some flaws that can be improve or change”, — he noted in an interview with RBC.