The group” Onexim “Mikhail Prokhorov has sold 20% of” BRIC “. The new owner of the package turned out to be the Belarusian businessman Dmitry Lobyak, classmate Dmitry Mazepin the Minsk Suvorov Military School
Changing Partner
Onexim sold 20% of “BRIC” structures close to the owner of “Uralhima” Dmitry Mazepin, said on Friday, the Onexim Andrew Beljak.
However, the representative of “Uralhima” (owns 19.99% of “BRIC”) later said that, in fact, became a partner of the buyer Mazepin – Belarusian businessman Dmitry Lobyak. «We have long and good cooperation with Dmitry Lobyakom and its companies on a number of projects related to the supply of our products”, – he said. According to him, Lobyak has “extensive experience in the field of fertilizers”: in particular, the businessman owns Minsk company « Juras Oil », the official dealer « Uralhima » in Belarus.
The site “Juras Oil” says only that it was founded in 2004 and now supplies chemical products to such major chemical companies, as “Gomel Chemical Plant”, ” Grodno Azot “and” Naftan »
Mazepin and Lobyak can be long known: on the website of the Belarusian Union of cadets and cadets, you can find information about what they are at the same time – in. 1985 graduated from the Minsk Suvorov military school, where even served in the same company.
In Russia, according to SPARK-Interfax, in Lobyaka only one asset – 17% of the company “Verkhnekamsky Electromechanical Plant” (VEMP), which was registered in Solikamsk, where “Uralkali” mines are located. The scale of this business is difficult to judge – the company was established in June 2016. Another founder VEMZ – Eugene Siauliai (also owns 17%) – also familiar with Mazepin since the days of Suvorov Military School
«I sincerely hope that the relationship between” Uralchem ”and the new shareholder of” BRIC “will not be less constructive than the previous shareholder – the group” Onexim “, – said the representative of” Uralhima “, stressing that Lobyak not affiliated with” Uralchem »
The amount of the transaction. and representatives of ONEXIM “Uralhima” does not comment, with Lobyakom or his representative could not be reached.
At the news of the deal, “Uralkali” shares on the Moscow Stock Exchange rose by 0.8%, market capitalization amounted to 534.35 billion rubles. On this basis, the cost of 20% of the company amounted to 106.87 billion rubles., , or $ 1.67 billion (Central Bank exchange rate as of July 8). Source close to one of the parties to the transaction, RBC said that Onexim package sold “for about $ 1.7 billion.” But the sources of “Interfax” and Reuters say that it was sold with a “substantial premium” to the market. According to them, the shares are paid partly in cash and partly – due to transfer to the buyer obligations ONEKSIM loan. According to Reuters, the deal about financed by Sberbank. Sberbank’s representative is not commenting.
The share of ONEXIM in “Uralkali” was laid on the repo transaction, a source previously told RBC. The size of the debt, according to him, was about $ 2 billion. Initially, the lender was VTB, but in 2016 ONEXIM refinanced loans in the Savings Bank.
In April 2016 51,05% shares «Uralkali” were on the balance of his “daughter” – the company « Uralkali -Technology”, about 40% was shared between “Uralkhim” Mazepin and ONEXIM Prokhorov, still remained 8.96% free float (since this share decreased by 0,92%).
Belarusian conflict
ONEXIM Group of Mikhail Prokhorov and “Uralkhim” became shareholders of “BRIC” in 2013, bought 47.09% of the company shares from Suleiman Kerimov and his partners The reason for the sale was the conflict with Belarus:. “Uralkali” refused to sell its products through a joint venture with the “Belaruskali” – Belarusian potash company (BPC, controlled more than 42% of the world market), and decided to increase sales, instead, to keep prices
out of “BRIC” from CCL provoked. the collapse of quotations of the world’s potash producers and international scandal. With harsh criticism to the owners and management of “BRIC” collapsed after Belarussian President Alexander Lukashenko. And in August of 2013, after the talks with Belarusian Prime Minister Mikhail Myasnikovich, General Director of “Uralkali” Vladislav Baumgerten was arrested on suspicion of fraud. Kerimov partners were eventually forced to sell the company.
It is not known how many ONEXIM paid for its share of “Uralkali” (27%). But if he took a loan on the same terms as the “Uralkhim” (19.99% cost him $ 3.8 billion), it would spend about $ 5.1 billion. In one of the repurchase of shares, the company announced , the group has reduced its stake to 20%: it is 7% sold for about $ 700 million more to about 1 billion rubles.. ONEXIM has received in the form of dividends, wrote “Vedomosti».
In early June, the agency Bloomberg, citing two sources said that in talks with ONEXIM “Uralchem” for the sale of shares in “Uralkali”. One source noted that the two sides are discussing, including the option of selling the share directly Onexim “Uralkali”. The Group wishes to return invested in “Uralkali” $ 4 billion, he pointed out. In mid-June, a source told RBC that the Savings Bank has issued under this transaction of about $ 1.7 billion.
In the case of share repurchase by Onexim “Uralkali” debt load would be increased so that exceeded the default covenants on pre-export credit, says analyst said Raiffeisenbank analyst Konstantin Yuminov. Therefore, this idea was abandoned, he said. In late April, “Uralkali” attracted a loan from 16 international banks for $ 1.2 billion. Net debt at the end of 2015 was $ 5.38 billion, or 2,8 EBITDA performance.
The appearance of Belarusian businessman among owners “ Uralkali” is unlikely to lead to the restoration of a partnership with “Belaruskkaliem” at CCB, said Yuminov: now there is an excess of potash production capacity and such a cartel would not be able to dictate prices.
The fact that the shareholders’ Uralaliya “” almost every month “are asked to meet the president of Belarus Alexander Lukashenko said at the end of June. Then the representative “Uralhima” said that “business contacts” with the Belarusian authorities and the leaders of the “Belaruskali” is not stopped in recent years. On Friday General Director of “BRIC” Dmitry Osipov, declined to comment.
At the beginning of July, the newspaper “Vedomosti”, citing sources wrote that ONEXIM sells all Russian assets, including stakes in UC Rusal and “Uralkali”, as well as media holding RBC. General Director of ONEXIM Dmitry Razumov, commenting on the report, saying that “to do based on the fact that the negotiations conclude,” the sale of all assets in Russia “incorrect».
to the article uch astvovali Elena Tofanyuk and Natalia Derbysheva
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