Sunday, April 24, 2016

Mikhail Prokhorov is discussing the sale of RBC and “Quadra” – BBC

«Prokhorov now everything is for sale”, – says in an interview with “Gazetoy.Ru” a major Russian businessman

The interlocutor of the inner circle Prokhorov said that the oligarch “to get rid of unnecessary assets,” but. It will not sell anything. At the same time, he stressed that leaving the country is not a billionaire plans

. <-! Place 6715005, / business / 2015/05/25 / 6715005.shtml, nm2015 / v2 / article / incut, incut2_link ->

Prokhorov, whose fortune is estimated at $ 7.7 billion, occupies 14 th place in the list of the richest businessmen in Russia, according to Forbes. Management of most of his Russian assets has been ONEXIM Group, in whose composition includes or is under its control “Uralkali” (20%) and “Rusal” (17%), “Intergeo”, “Quadra”, “consent”, “Snob” RBC International financial club “Renaissance Credit”, “Renaissance Capital” and others. The main shareholder of the media holding RBC serves Cypriot offshore Pragla Ltd, and “Quadra” – Cyprian Rinsoco Trading and Ragato Management from the British Virgin Islands, also controlled by Prokhorov. The main big businessman transaction – sale of a package of “Norilsk Nickel”, “Rusal” Oleg Deripaska. According to various estimates, for a blocking stake in the company Prokhorov received $ 6 billion and paper

«Rusal.” Last week, the day of the “straight line” Vladimir Putin, at the headquarters of Onexim, as well as in offices “Quadra”, “Renaissance Capital”, “Renaissance Credit” and the insurance company “Consent” was searched.

Sources close to the structures Prokhorov, indicate that the searches have accelerated talks the sale.

According to one of them, “Quadra” is a hard asset, so even with the “big social burden.” Among other things, testing can further contribute to the reduction of asset prices for the transaction.

«Quadra»

«Quadra “owns energy assets in 11 European regions of Russia. The property is at the “Quadra” 20 power plants, 248 boilers and heating network with a total length of nearly 5 thousand. Km. In the first half of 2015 the company made a profit of 388 million rubles. (According to IFRS reporting) on ​​revenue of 24.5 billion rubles. The company’s debt was in January – June 2015 a little more than 29 billion rubles.

Several interlocutors “Gazety.Ru” stressed that in recent years has been a series of negative signals for Prokhorov. Thus, on 11 April on REN-TV came plot in which “Quadra” and Mikhail Prokhorov personally accused of a sharp increase in prices for housing and communal services for the poor quality of services provided, in particular, Kursk, Voronezh, Smolensk and other Russian cities. In addition, the businessman has been criticized on the capital withdrawal in the offshore.

At the same time the story writers criticized media holding RBC that he ignores that fact that the alleged evidence of media bias.

Possible same cause of searches per day “direct line” TV channel “Rain” called publication of RBC Panamanian offshore, as well as problems with the provision of housing services “Quadra”. Sources in the channel RBC noted that Prokhorov exert pressure to sell the media holding. Putin’s spokesman Dmitry Peskov said at the time that the statements of the exerted so that the pressure on the editorial policy of the RBC “not in any way correspond to reality».



Who will get “Quadra»

Among the potential buyers “Quadra”, according to a source close to the company, called the structure of the Russian billionaire Leonid Michelson.

The source indicates that the Michelson structure is carried out due diligence (assessment of assets for sale). In addition, according to him, the talks are also under way with a kind of “Central Asian company and a Russian investor».

Michelson ranked first in the list of the richest Russian businessmen on the version of Forbes, he owns 24.8% stock gas company NOVAEK and 43.2% of gas processing and petrochemical holding company “Sibur”. Other owners of “Sibur” act Gennady Timchenko (14.5%, it also owns 23.5% of NOVATEK) and Cyril Shamalov (21,2%).

Representatives of the group Onexim (which includes the “Quadra” ) and “Sibur” have not responded to the request “Gazety.Ru”. Novatek spokesman declined to comment on “speculative information».

The information that Prokhorov is going to get rid of its energy assets, there is not the first time. In 2011, the media reported that the interest in the purchase of “Quadra” showed the company “Inter RAO”, belonging mainly state-owned companies – “Rosneftegas” FGC UES. But if the deal did not take place. The Federal Antimonopoly Service has given up “Inter RAO Capital” (one of the shareholders of “Inter RAO”) to purchase 75% of the voting shares of “Quadra”. On the sale of “Quadra” again spoke in 2014: then again, potential buyers were called “Inter RAO” and energy holding French EdF. But in this case, the transaction did not take place.

«Quadra” can hardly be called successful acquisition Prokhorov. In 2008, 50% of the company cost billionaire about 26 billion rubles. In subsequent years, the company has lost in value. At the close of trading on the Moscow stock exchange on April 22 capitalization of the entire “Quadra” amounted to 4.56 billion rubles.

In the last months of “Quadra” imminent threat of a fine of up to 6 billion rubles. for the delay with the introduction of units on capacity supply contracts. But at the last meeting of the Supervisory Board of “Market Council” on April 21, it was decided not to fine the company until October.



To Prokhorov can sell RBC

Sold maybe media holding RBC.

source in the government told “Gazeta.ru” that the order of the change of ownership of RBC was given at the highest level.

And now all the “blank “officials” it is important to quickly carry out this mandate. »

According to two senior officials and a source close to the Kremlin, at the top for a long time dissatisfied with the editorial policy of the RBC. The greatest reaction caused publications on the family head of the state: the director of the fund “Innopraktika” Katerina Tikhonova, which sources Reuters called “Putin’s daughter” (the president’s press-secretary of the data denied ), and businessman Cyril Shamalova, which is, according to Reuters, the head of state’s son in law. One source says that the extremely negative reaction also caused Vladimir Putin photo to an article about the Panamanian offshore published in RBC daily.

Get a comment Peskov on Sunday failed.

interlocutor in the government emphasizes that Prokhorov and his entourage “really scared because they have a clear understanding that they provoked the first person of the country».

A source familiar with the situation, and the source “Gazety.Ru” on the market claim that Prokhorov is not against the sale of RBC, but twisted too high a price. And everything that happens around the business tycoon – is an attempt to bring down the price, including RBC

For example, says the source, April 22 pro-government resource Ruposters published a screenshot of the article with RBC, entitled “Privatization at risk: why the authorities. in no hurry with the sale of assets. ” The screenshot captures the comment editor who asks the authors to find an expert to say that “Putin exposed the conditions at once greatly narrowed the range of potential buyers, and why.” Publication Ruposters widely dispersed on social networks. The official representative of holding Egor Timofeev on Saturday wrote on Facebook that “in the draft had several editorial issues <...> but Ruposters decided to focus precisely on the expert comments.” Why look for ideological background in the usual economic material, it is unclear Timofeyev stressed.

Prokhorov bought 51.1% stake in RBC Media Holding (then it was called CJSC “RBC-TV, Moscow”) in 2010 for $ 80 million in the course of additional issue (about 2.56 billion rubles. at the rate of the time). Now all the media holding’s capitalization is estimated at 2.04 billion rubles. (Details of trades on the stock exchange). Thus, the asset is also lost in the price.

At the same time, at the end of the first half of 2015, the company’s debt is estimated at 15.7 billion rubles. Revenues amounted to 2.17 billion rubles, the net loss of -. 292 million rubles. More current data in the public domain there.

A source close to the RBC and Onexim, said “Gazeta.ru”, which is currently holding the debt is about $ 220 million.

at the beginning of the spring, he said, RBC was close to an agreement with the majority of the holders of loan notes on the conversion of debt into equity. “Such a conversion would lead to the full recovery of the company. According to preliminary calculations, after the conversion of ONEXIM will retain a controlling stake in RBC shares “, – says the source” Gazety.Ru “. Until the end of April, he promises, the company will publish the results for 2015 and the first quarter of 2016: “They will reflect the operating EBITDA of the holding in 2015 will increase to 400-500 million rubles. and that the holding for the first time over the past few years, in 2015, not funded by joint funds or from the sale of assets. In the first quarter of 2016 holding – perhaps for the first time in its history – will show positive EBITDA ». “Gazety.Ru” The source stressed that ONEXIM does it all for the sake of the following result. “Profitable Holding in the current activity and almost completely freed from debt. And that ONEXIM continue going to do with “purified” holding a mystery to me, and it has little to do with politics. Just business, “- says the interlocutor«

Gazety.Ru “In 2013, the holding company has negotiated with creditors to convert debt into shares, which, however, failed.. At that time, holding debt was $ 215 million, ie was approximately similar to the current amount of debt. It was reported that RBC was able to negotiate with the part of creditors to reschedule payments, on the other holding paid in by advertising on the resources.

In August 2014, “Kommersant” reported that Prokhorov expects to sell RBC and to receive for holding more than $ 250 million, of which approximately $ 227 million will go to cover the debt of the company.

The most likely buyer of the media holding springs “Gazety.Ru” called the National Media Group Yuri Kovalchuk, which includes By the way, and the aforementioned channel REN-TV.

could not figure out in what stage is the process, “Gazeta.ru».

«The last time undertaken such attempt (to achieve RBC sale -. “Times”), Derk Sauer, President of RBC, was transferred to the Onexim group and the transaction failed. Now, in a long sabbatical, and before the scheduled time, leaving Elizabeth Ossetia, which keeps all holding policy (Ossetia in early April announced a trip to study at Stanford University in September this year, but this week, RBC reported that Ossetian takes a sabbatical in May -.. “Times»)

This fact, as well as recently shown in television programs and searches that are not otherwise in Prokhorov structures as indirect signs of the impending sale RBC, – said political analyst Leonid Davydov. – Dissatisfaction with the editorial policy of the holding for the last time only grew »

Meanwhile, the widespread RBC news release announcing the withdrawal Ossetian an academic leave, saying that he is connected with learning

the very Ossetia refused to comment on the matter, as well as to comment on the possible sale of the media holding, redirecting “Gazetu.Ru” the official representative of RBC Egor Timofeev. In turn Timofeev said that the holding company does not have information on sales and “such matters should be addressed to Onexim.” As for the reasons earlier care Ossetia on vacation, then he said, “all we want to say about the departure of Elizabeth, we have already said in the press release».

The representative of Onexim has not responded to the request ” Gazety.Ru ».

Meanwhile, the interlocutors” Gazety.Ru “RBC said that for some time the situation is tense in the wording, will be whether to sell the holding, employees do not know. “He (Prokhorov -.” Times “) like never hid that he was prepared to sell at a good sentence. And about specific proposals, I do not know “, – said one staff Media Holding

« Prokhorov is not get in touch almost anyone

..

This was to him only once, when he “grabbed” in Courchevel and faces a prison – she says the source is surrounded by an oligarch. – But in general, Prokhorov once said that if you raise the question of the sale of RBC, it abut not »

While Prokhorov this month managed to sell only one asset -. 62-meter superyacht Solemar, its price amounted to about € 27.5 Mill. Businessman previously claimed was not against to get rid of their assets if he will be offered for them worth the money.

LikeTweet

No comments:

Post a Comment