The government quickly helped the owner of Renova. Victor vekselberg

Viktor Vekselberg's path to success cannot be called simple. His business empire, Renova Group of Companies, is only part of the assets of the billionaire who owns the Swiss companies Sulzer and Schmolz + Bickenbach, Oerlikon, the Italian insurance company Octo Telematics, the Columbus Nova investment fund and part of the offshore bank, Rusal, T-Plus shares and Akado. The sale of a stake in TNK-BP for $ 7 billion in 2013 provided the successful businessman with a leading position in the rating of Russian Forbes. Over the past year, his capital has increased by another $ 1.9 billion. As of mid-2017, it ranks globally Forbes ranking 89th place with a capital of $ 12.4 billion.

Dossier:

FULL NAME:
Date of Birth: April 14, 1957
Education:
MIIT - Moscow Institute of Engineers railway transport, Faculty of Automation and computing technology;

postgraduate studies at the Computing Center of the USSR Academy of Sciences.
the date of the beginning entrepreneurial activity/age: 1989/32 years
Startup activity: sale of secondary copper and aluminum
Current activity: Chairman of the Board of Directors of Renova Group of Companies, investment activity
Current state:$ 12.4 billion as of 2017 according to Forbes
Link to pages in social. networks: http://www.renova.ru

Viktor Vekselberg, a Russian Jew with Ukrainian roots, has become an influential person in Russia and the richest man in the world. The name and short biography of Viktor Vekselberg are associated not only with successful projects, but also high-profile scandals, from which the billionaire always came out without loss.

The Renova company, the foundation of which was laid back in the 90s, systematically expanded its horizons, mastering new directions and capturing promising objects. Vekselberg's interests extend to metallurgy, energy, development, telecommunications, nanotechnology, the chemical industry, gold mining and oil.

It was the deal to sell part of the shares in TNK-BP for $ 7 billion that brought Vekselberg in 2013 the name of the richest man in Russia. His fortune in 2014 was estimated at $ 17.2 billion (according to Forbes), which is $ 1.4 billion less than the leader of the rating, Alisher Usmanov.

“For me, being rich is first and foremost being responsible. It is difficult to earn money, but it is even more difficult to dispose of it correctly ", - V. Vekselberg

Owning assets and real estate abroad, Vekselberg is not going to leave Russia.

"The world treats foreigners badly in general, and Russians are doubly treated," - V. Vekselberg

But it is not the attitude towards Russians abroad, but completely different reasons that keep the billionaire. After all, his empire is successfully growing and acquiring high-tech assets. Scandals and courts do not prevent the oligarch from buying airports and factories, engaging in scientific and philanthropic activities. He was accused of:

in "secret conquests" - the case gold mining company Petropavlovsk and the privatization of Khimprom;
fraud - the purchase of shares in Sulzer;
corruption - withdrawal of money from Skolkovo;
funding of American Democrats, in particular the Clinton campaign.

As always, Vekselberg got out of scandals “dry” and with minimal losses. And even the high-profile case of Renova, in which top managers of the corporation were detained, accused of giving especially large bribes, did not affect the reputation of the billionaire. In March 2017, he personally received the distinction "For Benefit" from Putin's hands.

Fig 1. Putin presents Vekselberg with the distinction "For Benefit".
Source: RIA

The success story continues - Viktor Vekselberg further expands the horizons of his business, increasing his capital.

Buys and builds airports, greenhouse complexes, chooses scientific activity as a new direction for the Renova Group. Meanwhile, together with Prokhorov, in October 2017, he is selling 3% of the shares of RUSAL for $ 315 million.

Fig 2. Vekselberg and Prokhorov.
Source: biznes-new

And confidently holds positions not only in the ranking of "The Richest People of Russia", but also in Forbes list world billionaires.

Table 1. Dynamics of changes in the state of V. Vekselberg in 2005 - 2017.
Source: Forbes

		Condition, million $

Changes in the state of the billionaire are more clearly reflected in the graph.

Childhood dreams and cruel reality

What could a boy who was born into a Jewish and Russian family in April 1957 dream of in the small town of Drohobych in Western Ukraine, not far from Lvov? Already from childhood, he realized that the Jewish surname leaves a certain imprint on fate. Their large family actually consisted of numerous relatives on the mother's side. Nevertheless, the relatives of his father, a Jew by nationality, were shot in 1944.

He relied solely on his own strength, "gnawed the granite of science" and dreamed of entering Moscow State University - he took preparatory courses for the correspondence school of mechanics and mathematics.

Friends advised not to tempt fate, but to immediately enter MIIT.

“For obvious reasons: my surname is“ too complicated ”, - V. Vekselberg

The guy chooses the Faculty of Automation and Computer Engineering, which he successfully enters. As a student, Viktor Vekselberg made friends with many interesting people... In the future, they will become his business partners or competitors.

Figure 4. Vekselberg - student.
Source: social networks

His institute friends were Leonard Blavatnik (closest business partner), as well as Volodya Kremer, Zhenya Olkhovik (managers structural units company "Renova").

The active position of the Komsomol member and the desire to be the first in everything helped Victor graduate from the university with a high average score, which gave him an advantage in distribution. But this time a Jewish surname played a cruel joke. All acceptable employment options, among which were the prestigious Moscow research institutes, were completely dismissed. Therefore, the graduate had to look for a job on his own, for which he "asked for a free diploma."

Vekselberg's entrepreneurial streak originated in his last year at the institute. He married early. To feed his wife and child, the guy worked part-time at the department, lectured in junior courses. But I also had to earn money at a meat processing plant, a confectionery factory.

Figure 5. Vekselberg with his wife.
Source: site Know all

Having access to scarce goods, which were imported to Western Ukraine in special ways, he traded in records and jeans in order to earn a “penny” for a more decent life.

The design office, where the engineer worked from 1979 to 1990, worked on the development of Konnas rodless pumps for oil production.

He had to visit oil fields by occupation.

“And, of course, I could not imagine that later I would become the owner of some of them. I did not have the slightest premonition that someday in my life I will be engaged in private business ", - V. Vekselberg

The first pancake is "not lumpy" - from science to business

The idea that his knowledge can be used in commercial areas was prompted by Artem Tarasov, the first Soviet millionaire, whom Vekselberg considers an ideological inspirer and business teacher. The engineer organized his own business at the turn of the 90s. His research and production association "KomVek" (Vekselberg's Company) was engaged in the development project documentation.

But apart from scientific activities, the enterprise bought up used cable products, from which copper and aluminum conductors were mined on a machine developed by him personally. Non-ferrous scrap was bought from the population on the cheap. The cost of secondary raw materials was $ 100 per ton. They sold the goods in Germany at $ 3,000 per ton.

Back in 1987, at an oil exhibition in America, Vekselberg ran into his student friend Leonid Blavatnik, who went abroad in 1978. The meeting was crucial, as it was decided to create a joint project.

Fig 6. Friends and partners: Vekselberg and Blavatnik.
Source: Newspaper. RU

This decision was realized in 1991. The Renova company, 2/3 of the shares of which belonged to NPO KomVek Vekselberg, 1/3 - to Blavatnik, was initially engaged in the purchase of computer equipment abroad, which was exchanged in Russia for privatization vouchers.

This made it possible to collect a sufficient number of checks and become owners of factories. The choice was obvious - non-ferrous metallurgy.

1995 - privatization of the Irkutsk and Ural aluminum smelters;
1996 - creation of the Siberian-Ural Aluminum Company (SUAL);
1997 - obtaining a license for the development of the Sredne-Timanskoye field.

It was at this stage that the interests of SUAL and Oleg Deripaska's Rusal company crossed.

Was born in 1957 in the city of Drohobych, Lviv region (Ukraine). In 1979 he graduated with honors from the Faculty of Automation and Computer Engineering of the Moscow Institute of Railway Engineers (MIIT). I got a job in a laboratory at the Special Design Bureau for Rodless Pumps (OKB BN "Konnas"). In the late 1980s, he completed his postgraduate studies at the Computing Center of the USSR Academy of Sciences and headed the laboratory of the OKB.

In 1990, he became the founder and head of a number of commercial structures: NPO KomBek (research activities), Olimp LLP (public education), TO firm KAM (research activities). In 1991 he acted as one of the co-founders of the Renova company (two-thirds of the shares of which belonged to NPO KomVek).

In 1991 he became the first deputy general director of Renova CJSC. He held this post until 1996. In 1996 he took part in the creation of JSC Siberian-Ural Aluminum Company (SUAL). Was elected general director of OJSC "SUAL".

In 1998 he was elected deputy chairman of the board and first vice president of Tyumen Oil Company (TNK, which later became TNK-British Petroleum). On July 12, 1999, he was elected to the Board of Directors of OAO Nizhnevartovsk Oil and Gas Production Enterprise. On the same day he was elected to the board of directors of Samotlorneftegaz OJSC.

On November 10, 2000, he was elected to the Board of the Russian Union of Industrialists and Entrepreneurs (RSPP). In November 2003, he joined the Bureau of the Board of the Russian Union of Industrialists and Entrepreneurs.

In the same year, Vekselberg headed Management company"SUAL-Holding" (the company united the enterprises of CJSC "Trustconsult" and "SUAL") and entered the board of directors of JSC "ONAKO". In 2001 he became director of strategic planning and corporate development of TNK and entered the board of directors of OJSC Sidanko.

In 2002 he was elected chairman of the board of TNK. In the same year he became a member of the Board of Directors of OJSC RUSIA Petroleum.

In January 2003, he headed the Board of Directors of the SUAL Group. The group by that time included 21 enterprises in 11 regions of Russia. In May 2003, he became a member of the Council for Entrepreneurship under the Government of Russia.

On March 27, 2007 Rusal (Oleg Deripaska), SUAL and Glencore (Ivan Glaizenberg) announced the completion of the merger of their assets. The United Company RUSAL includes four bauxite mining enterprises, 10 alumina and 14 aluminum plants, as well as 3 foil rolling enterprises. Vekselberg became the Chairman of the Board of Directors of the company.

In early 2008, Renova Capital, Vekselberg and Mamut, withdrew from the co-owners of Golden Telecom, selling Vimpelcom OJSC ( trademark Beeline) its eight percent shares for $ 334.9 million.

In April 2008, Vedomosti reported that Renova Capital had sold 28.9 percent of the shares of Inure Enterprises to Mamut, which owns 49 percent of the shares of Corbina.

In March 2008, Forbes once again included Vekselberg in the list of the richest people on the planet - this time at number 67. His fortune was estimated at 11.2 billion US dollars. In the same year, Russian Forbes put Vekselberg in 16th place in the list of the richest Russians, estimating his fortune at $ 11.4 billion.

As of August 2009, Vekselberg - Chairman of the Board of Directors of the United Company "Russian Aluminum", Chairman of the Board of Directors of the Russian-American joint venture "Renova"; former chairman of the board of directors of SUAL, former chairman of the board of OJSC Tyumen Oil Company, former general director OJSC SUAL-Holding, former general director of OJSC Siberian-Ural Aluminum Company. And also - a member of the board of the Russian Union of Industrialists and Entrepreneurs, a full academician of the International Academy of Sciences of Ecology and Life Safety, a member of the commission on federal, interregional and regional socio-economic policy under the chairman of the Federation Council of the Russian Federation, a member of the Coordination Council of the metallurgical complex of the Ministry of Economy of Russia.

Vekselberg is married, has a son and a daughter.

Dossier:

The beginning of Vekselberg's career in the media is associated with the time when he was still the head of the laboratory at the Special Design Bureau. One of Vekselberg's former subordinates shared with the press such recollections: the companies KomVek (Vekselberg's Company), Olympus, and other cooperatives were organized. Vekselberg's business was connected with the purchase of copper from cables at a price of one hundred dollars per ton. Then copper was sold to Germany at $ 3000 per ton. With "copper" money, as reported, Vekselberg through the company "Renova" bought computers in the West and exchanged them for privatization checks.
Source: "Interlocutor" from 12/07/2006

Viktor Vekselberg appears in the press in connection with a strange story about the change of owners of the Severouralsky bauxite mine (SUBR) in 1999. The media wrote that at that time in Severouralsk there was a massive purchase of shares from the workers of the mine. As a result, SUBR acquired a new owner - the Siberian-Ural Aluminum Company (SUAL). According to press reports, Viktor Vekselberg and Ural businessman Vasily Anisimov (Transconsult group) were its owners on a parity basis. But the joint management did not last long. On April 12, 2000, the daughter of Vasily Anisimov was found dead in his own apartment. Galina was a well-known DJ of the Pilot radio station in Yekaterinburg. As it turned out, the crime was committed by two drug addicts. After that story, Anisimov sold his stake to Viktor Vekselberg.
Source: "Rossiiskie Vesti" dated 02.11.2005, "Vlast" No. 40 (442) dated 09.10.2001

The press mentioned Viktor Vekselberg in connection with the scandal related to the bankruptcy of the First City Bank (PGB). It was reported that the problems for PGB clients began in the summer of 2002, when the bank suddenly stopped making payments. In 2003, after the clients of the PGB realized that they could not return the $ 40 million that had been stuck in the bank, criminal cases were initiated into the theft of client funds under Art. 196 CC (deliberate bankruptcy). The press conveyed the opinion of Armen Rshtuni, a member of the creditors' committee and depositor of the bank (former vice president of the petrochemical holding SIBUR and ex-adviser to the chairman of the board of directors of YUKOS Semyon Kukes), who claimed that, as it turned out during the investigation, part of the funds from the PGB had settled on the accounts of SL Capital Services, a wholly owned subsidiary of Alba-Alliance Bank. And one of the shareholders of this bank is Viktor Vekselberg. The depositors of the PSB accused Vekselberg of the fact that it was with the money that had disappeared from the PSB that he acquired a collection of Faberge eggs. In this regard, they even filed a lawsuit with the Zamoskvoretsky Court of Moscow, demanding that the collection be seized as an interim measure. jewelry... But the claim was reportedly not accepted.

According to press reports, the depositors sent a letter to the Swiss federal prosecutor. According to them, the purchase of the Faberge collection was paid from Swiss accounts of companies controlled by Vekselberg. Assets were also withdrawn from the PSB to Switzerland. The creditors, referring to the results of the investigation by law enforcement agencies, told the prosecutor that in the period July-September 2002, after significant assets of OJSC KB "First City Bank" were transferred to KB "Alba-Alliance", KB "Alba-Alliance" through offshore banks White Knight Merchant Bank (Nauru) and Forex Capital Bank (Montenegro), as well as non-resident companies Jaffray Investments Limited, Ballard Industries Ltd, Subihon Enterprises Limited, SL Capital Services Ltd. carried out dubious transfers with elements of legalization of funds in the amount of more than $ 70 million. Part of these funds, as the depositors claimed with reference to the investigation, were transferred to the accounts of a number of companies in the Swiss banks Credit Suisse and UBS, as well as in the Swiss branches of the French banks Credit Lyonnais and Credit Agricole Indosuez. The authors of the letter indicated that it was in these banks that the companies controlled by Viktor Vekselberg had accounts - Peregrin Ltd, Sabislend Ltd, Market Financial Corporation Securities, Pikeston Investments Ltd and Sibux Finance SA. From this, the creditors of the PGB concluded that Vekselberg was in charge of the illegal money laundering.

There is no information in the media about the reaction to this letter from the Swiss prosecutor. As well as about how the investigation of the cases initiated in Russia ended. But, as reported, Armen Rshtuni himself became a defendant in the criminal case. He was suspected of fraud with the bills of the PGB.
Source: www.newsru.com from May 26, 2004, "Kommersant" No. 66 (3397) from 04/14/2006

The media wrote about Viktor Vekselberg in connection with the conflict between the Cypriot offshore Norex Petroleum and the Tyumen Oil Company (TNK) over Yugraneft. According to media reports, Norex Petroleum accused TNK of illegally disposing of the controlling stake in Yugraneft Corporation CJSC, which belonged to a Canadian company, which was founded in 1991 to develop the Malochernogorskoye field in Western Siberia. As reported, in 2002 TNK won an arbitration court in the Khanty-Mansiysk Autonomous Okrug, having secured recognition of the illegal contribution of Norex to authorized capital Yugraneft. As a result, Norex's share in the company was reduced to 20%. In response, the Canadian company filed a claim for damages in the federal court of the Southern District of New York. The defendants, according to the press, were TNK, its shareholders Access / Renova and Alfa Group, offshore companies affiliated with them, as well as the current and resigned co-owners and managers of these companies - Viktor Vekselberg, Leonard Blavatnik, Semyon Kukes, Iosif Bakaleinik and Elliot Spitz. As the press wrote, Norex accused the defendants "of a conspiracy of a global scale, controlled from New York, with the aim of seizing control over the Russian oil industry". The alienation of Yugraneft shares was called by Norex only a special case of this conspiracy. Norex demanded compensation in the amount of $ 500 million and recover from the defendants $ 1.5 billion under the law on combating organizations under the influence of extortionists or affected by corruption (RICO ).

According to press reports, in February 2004 the court dismissed Norex's claim, considering it outside its jurisdiction. The plaintiffs were asked to move the proceedings to Russia. But Norex has filed a motion to set aside that decision with the US Federal Court of Appeals. The latter, considering Russia an inadequate place to consider Norex's claim, granted the request of the Canadian company and sent the case for reconsideration. In an additional lawsuit, Norex Petroleum expanded the list of defendants to include BP (by then it had bought 50% of TNK), TNK-BP, its chairman of the board of directors Lord John Brown, then TNK-BP president Robert Dudley and a member of the TNK board of directors. BP by Robert Sheppard.

There is no information about the completion of the judicial saga in open sources.
Source: "Kommersant" № 242 (3326) from 23.12.2005

Vekselberg was mentioned in the press in connection with the conflict between TNK-BP and Gazprom over the Kovykta gas condensate field in the Irkutsk region. According to press reports, Kovykta was one of TNK-BP's largest assets in Russia. TNK kept it in reserve for many years without developing it. But in 2003, Gazprom, which is using every opportunity to expand its resource base, showed interest in Kovykta. It was reported that between Gazprom and Rusia Petroleum, subsidiary TNK-BP and the owner of the license for the field, a conflict of interest arose. They wrote that the negotiations on compromise solutions, obviously, were not crowned with success.

As reported, TNK-BP President Robert Dudley was summoned to the Chairman of the Accounts Chamber Sergei Stepashin. The press was not told what the conversation was about. But the official press release of the chamber said that its head explained to the entrepreneur the essence of the state policy being pursued.

On the last day of 2003, the head of "Gazprom" Alexey Miller, as the press wrote, made the last offer executive director and co-owner of TNK-BP Viktor Vekselberg. It was reported that Gazprom criticized the idea of exporting gas from the Irkutsk region to China and offered to send raw materials to Europe.

The press wrote that the further actions of the TNK-BP owners indicated that they took into account the experience of their colleagues-oilmen and not only agreed to share, but also personally demonstrated their love for their homeland.

In February 2004, the press reported that Vekselberg bought the collection easter eggs Faberge work for the Forbes family of publishers. Moreover, as reported, he did it a few months before the auctions Sotheby.
Source: lenta.ru from 08/27/2009

The amount of the deal was not disclosed. But, as they wrote in the press, Sotheby's intended to bail out at least $ 90 million for the collection. It was concluded that the purchase price could reach 100 or even 150 million, taking into account the shortest possible time for its completion. Newspapers wrote that in addition to Easter eggs Vekselberg bought about 190 more items - brooches, snuff boxes and ink sets by Faberge and said that he had bought the eggs not for himself or even for the collection of his company Renova, but "for the people" and was going to exhibit them either in the Kremlin or in the Temple Christ the Savior. ”The media associated the expensive purchase with Vekselberg’s desire to show that he was not some kind of Abramovich or Khodorkovsky, but a real Russian merchant, caring for the good of the Motherland. the trouble arose with Gazprom over the Kovykta gas field. ”The purchase of eggs, as they wrote in the press, could influence the decision by officials of the Kovykta dispute in favor of TNK.
Source: "Globalrus.ru" from 05.02.2004

The media mentions Viktor Vekselberg in connection with a strange story that preceded the decision to privatize Zavod Slantsy OJSC (engaged in calcining coke for aluminum smelters). In April 2004, the media reported that a corporate conflict had taken place at the enterprise. the board of directors of Slantsev and its main shareholder, the Federal Property Management Agency (at that time, as reported, 55% of the company's shares belonged to the Federal Property Management Agency, 33% is controlled by the nominal holder - Bank Eurasia, the rest were scattered among individuals), tried to change the general director of the plant. As Dmitry Goryachkin, then acting general director of Slantsev, told the press, on the evening of March 29, five cars drove up to the plant management building, and several people got out, accompanied by a cameraman. Three of them staged a fight, clearly working for the camera. According to Goryachkin, the newcomers showed him the minutes of the board of directors of "Slantsy" dated March 24. According to the document, the company has a new CEO. And the protocol itself was allegedly signed by the chairman of the board of directors of "Slantsy" Svetlana Stefanenko, according to the information at that time, worked as an adviser in the Federal Property Management Agency.

The new director was not allowed to enter the plant. Instead, representatives of the local police, the prosecutor's office and even the FSB came with a check. Goryachkin told reporters that, in his opinion, the enterprise was raided. He said that recently there was information about interest in the plant. famous businessman Viktor Vekselberg. Goryachkin suggested that the invaders decided to gain control over the enterprise and then resell it profitably. According to press reports, the Renova company denied that they had any plans for the Slantsy Plant.
Source: "Kommersant-SPB" No. 61 (3392) from 04/07/2006

Three months later, with reference to the authorities of the Leningrad Region, information emerged that Viktor Vekselberg's structures were negotiating the purchase of 40% of shares in the Leningradslanets OJSC located next to Slantsy and once part of a production chain with them. In this regard, as the press wrote, the government of the Leningrad Region explained to journalists that the Energoprom company, controlled, like Renova, by Viktor Vekselberg, already owned 37% of the shares of the Slantsy plant. According to press reports, although Energoprom officially denied their participation in Slantsy, a source close to Renova confirmed this.
Source: "Kommersant" № 128 (3459) from 15.07.2006

Four months later, it was reported that the Slantsy plant was strategically removed from the list. important enterprises, which opened up the possibility for its privatization. According to experts, as they wrote in the press, the most likely contender for the purchase of the state-owned stake in the plant was Renova. This time, without reference to confidential sources, it was reported that Renova owned 33% of shares in Slantsy. The company was named the main owner of the plant together with the Federal Property Management Agency (56%). At the same time it was reported that the Renova group controlled 82% of the shares of Leningradslanets. At that time, the company itself refused to comment on its plans regarding the Leningrad enterprises.
Source: www.rbcdaily.ru from 11/26/2007

In early 2009, the press reported that the state owned 41.75% of shares in Slantsy, more than 30% of shares in the Renova group of Viktor Vekselberg, and about 20% in a number of minority shareholders - individuals. And besides, as it was reported, "Slantsy" was included by the Federal Property Management Agency (Rosimushchestvo) privatization plan for 2009-2010.
Source: "Kommersant" № 6 (4061) from 1/16/2009

In the fall of 2009, the press wrote that Ilya Klebanov, the plenipotentiary of the President of Russia in the Northwestern Federal District, proposed to Deputy Prime Minister Igor Sechin to transfer the state block of shares in Zavod Slantsy to Energoprom of Renova Group, a minority shareholder of the plant. The general director of Slantsev, Samuil Gandelman, then said that he doubted the possibility of transferring state shares of the plant to Energoprom, since the company is not a shareholder of the plant. The Renova group again declined to comment.
Source: www.regnum.ru 15.09.2009

In February 2010, the media reported that the Russian Government had made a decision to include 41.75% of shares in Zavod Slantsy OJSC in the list of enterprises located in federal property, whose shares are planned for privatization in 2010.
Source: www.maonline.ru from 10.02. 2010

In 2004, a scandalous story was discussed in the press about the use of a business scheme by SUAL, known as internal tolling. Tolling is a customs regime in which the export of products made from raw materials imported into the country for processing is exempt from VAT. Working according to this scheme, Russian factories provide only services for the processing of raw materials. And the owner of raw materials (alumina) and finished products(aluminum) is an overseas company. By tax code RF tolling is legal. It was reported that up to 2004 more than 90% of Russian aluminum exports were carried out under this pattern. But companies were often engaged in the processing of foreign tolling raw materials, including Russian raw materials (the so-called batching scheme). If a batch is found, the Federal tax office(FTS) has the right to file claims against companies.

According to press reports, SUAL's tolling operations in 2002-2003 attracted the attention of the Accounts Chamber. She estimated losses to the federal budget at 420 million rubles. In the same 2004, SUAL representatives announced that they had completely abandoned the tolling scheme. There is no information in the press about whether the claims of the Accounts Chamber have grown into something more. On the other hand, when in 2006 there was talk about the merger of SUAL with Rusal (Oleg Deripaska), the media expressed the opinion that this deal would help Vekselberg avoid problems with the Accounts Chamber. They hinted at the legendary administrative resource of the owner of Rusal.
Source: "Kommersant" № 176 (3015) from 22.09.2004, "Secret Firmy" № 31 (166) from 28.08.2006

Vekselberg has appeared in media reports in connection with the scandal surrounding Togliattiazot, one of the largest chemical plants in Russia. It was reported that, according to tax officials, in 2004 the company underpaid the income tax and VAT to the budgets of all levels of 2.582 billion rubles. According to press reports, in a year and a half tax authorities conducted more than 120 inspections at the plant, making claims for $ 100 million. Searches have also become regular. They wrote that on August 29, 2005, officers of the Ministry of Internal Affairs and riot police carried out a seizure of documents in the building of Togliattiazota OJSC.

The media cited the opinions of experts who saw the tax authorities' demands as another stage in a long struggle for the enterprise. It was reported that simultaneously with the tax claims, a check began on the legality of the privatization of the enterprise by the president of ToAZ, Vladimir Makhlai, who controlled 75% of the shares - he was put on the wanted list.

The plant called the situation an attempted raider takeover and, as they wrote in the press, adhered to the point of view that it was initiated by Renova Orgsintez, the structure that manages the chemical assets of Viktor Vekselberg, which in 2007 owned 9.14% of Togliattiazot's shares. At Togliattiazot, they explained: in other enterprises of the industry, Renova was already able to accumulate large stakes - 34% in Volgograd Khimprom, about 70% in Samara Promsintez and 100% in Irkutsk Sayanskkhimplast. The opinion was expressed that ToAZ was strongly out of touch with Vekselberg's plans - the merger of Togliattiazot's assets with Renova would strengthen the latter's position in the methanol market.

They believed that Renova penetrated the plant through the minority shareholder of Togliattiazot - the offshore company Tringal Equities Inc (2% of ToAZ shares). TEI accused ToAZ of causing significant losses to its shareholders and, in particular, reproached the company's managers for the agreement concluded with the Swiss petrochemical trader Nitrochem. TEI said the plant was selling ammonia "at a discount to world prices." The minority shareholder estimated his compensation in court from $ 42 million to $ 73 million.

It was reported that tax claims at the plant were also associated with the same TEI, since inspections became more frequent precisely after the company became a minority shareholder. Renova denied any connection with the offshore company. But, as the journalists noted, the head of TEI, Aleksey Kozlov was previously the general director of Renova Orgsintez. TEI representatives brought documents with the Renova logo to the court.

Renova is a Russian private business group. The headquarters is located in Moscow.

The owners of the Renova Group of Companies

The parent company of the group is Renova Holding Limited, registered in the Bahamas, and its shares are managed by TZ Columbus Services Ltd from the Virgin Islands.

"Affiliated companies"

Shareholders of the AAR consortium

Owners of IES-Holding

Chairman of the Board of the Group - Aleksey Valerievich Moskov.

5. Zurikov Alexander Sergeevich
Member of the Management Board, Director of Security

6. Mayorets Maxim Andreevich
Member of the Management Board, M&A Director of Renova Group

7. Matveeva Irina Arkadyevna
Member of the board, CFO Renova group of companies.

8. Ryzhova Anna Vladimirovna
Member of the Management Board, Director of Human Resources and Corporate Relations

9. Khalikov Rinat Shavkyatovich
Member of the Management Board, Director for Government Relations and International Relations.

10. Cheremikin Igor Vladimirovich
Member of the Management Board, Director for legal issues Renova Group of Companies.

11. Shtorkh Andrey Alekseevich
Member of the Management Board, Director for Strategic Communications, official representative of the Renova Group of Companies.

12. Lifshits Mikhail Valerievich
Director for Development of High-Tech Assets at Renova Group.

news

JV "Renova" and "Rusnano" left the CEO
Igor Akhmerov, General Director joint venture"Renova" Viktor Vekselberg and "Rusnano" - "Hevel" - from August 1, leaving the company, reported the press service of "Renova".
More details on RBK: http://www.rbc.ru/rbcfreenews/ 55b917339a794725edd6db4a

Renova sells its non-ferrous metal processing plants

The Renova Group of Viktor Vekselberg is going to sell the Kamensk-Uralsky Non-Ferrous Metals Processing Plant (KUZOTsM) and has already put up the Yekaterinburg Non-Ferrous Metals Processing Plant (EZOTsM) for sale, Kommersant writes.
link: http://www.vedomosti.ru/ companies / news / 12335711 / renova_prodaet_svoi_zavody_po_ obrabotke_cvetnyh_metallov

Renova may gain control over Khimprom

Novocheboksarsk "Khimprom" again decided to carry out an additional issue on terms that were already invalidated by the court
link: http://www.vedomosti.ru/ companies / news / 10625051 / vtoraya_emissiya_himproma

Vekselberg denies information about the problem with "Arkhangelskoye"

Renova-Stroygroup has re-branded for the future IPO

One of the largest developers in Russia, Renova-Stroygroup (part of the Renova group of companies controlled by Viktor Vekselberg) is renamed into Kortros.
link: http://www.vedomosti.ru/ realty / news / 9670671 / renovastrojgrup_provela_ rebrending_dlya_buduschego_ipo

Renova structure will build a new airport terminal in Perm

OJSC Koltsovo-Invest, a structure of the Renova group of Viktor Vekselberg, won the tender to select an investor for the construction of a new terminal at the Bolshoye Savino airport in Perm, the regional administration's press service reported on Thursday.
link: http://www.vedomosti.ru/ companies / news / 9614401 / struktura_renovy_postroit_ novyj_terminal_aeroporta_v_ permi

The structures of Renova, Interros and Norilsk Nickel create a consortium for the development of Yemelyanovo

The volume of investments required by the Krasnoyarsk airport until 2020 is 13.2 billion rubles.
link: http://www.vedomosti.ru/ companies / news / 8875381 / troe_ na_emelyanovo

Business School "Skolkovo" refinanced once again

Renova sold the manufacturer of antiinfluenza to Canadians

The largest transaction in terms of value on the Russian pharmaceutical market closed
link: http: //www.vedomosti. ru / companies / news / 8690991 / renova_prodala_proizvoditelya_ antigrippina

« Rosneft "will borrow from bankers $ 15.7 billion to buy out 50% of TNK-BP from AAR

The state-owned company intends to use for this purpose and funds from ruble bonds and Eurobonds, as well as money in its accounts and accounts of TNK-BP
link: http://www.vedomosti.ru/ companies / news / 8439351 / limit_ rosnefti

M&A Deal of the Week: Oerlikon Sells Textile Divisions to Chinese

As part of a strategy to get rid of non-core assets, the Swiss company, 42% of which is owned by Viktor Vekselberg's Renova, sold its textile machinery divisions to the Jinsheng Group of China for $ 695 million
link: http://www.vedomosti.ru/ finance / finance-deal-of-the-week / news / 6942851 / sdelka_ nedeli_ma_oerlikon_prodaet_ tekstilnye_podrazdeleniya

Sverdlovsk region will not sell shares of Koltsovo airport

ZIL Peninsula: new project Will outshine Moscow City by $ 15 billion

The capital's authorities are preparing to launch a large-scale construction project, which in its scope is designed to outshine the brainchild of Yuri Luzhkov - MIBC "Moscow City". The mayor's office hopes to find an investor for the redevelopment of the city's oldest auto-industrial zone 6 km from the Kremlin by the end of the year. RBC daily got acquainted with the details of the launching project with the loud name "Peninsula ZIL".
Read completely: http://www.rbcdaily.ru/2012/ 11/12 / market / 562949985111832

Renova invested $ 2 million in an American manufacturer of cancer drugs

What apartments are being built for the Olympics

The apartment complex under construction by Renova-Stroygroup in the Imereti Lowland will be positioned in the economy segment; competitors are building business class complexes in the city
link: http://www.vedomosti.ru/ realty / news / 4882651 / renova_ protiv_chastnikov

Rosneft intends to become a partner of Alpha and Renova

Vladimir Putin discussed the prospects of BP oil company in Russia not only with its top managers, but also with Rosneft President Igor Sechin
link: http://www.vedomosti.ru/

Renova's investment in Rostov-on-Don airport is in doubt

Renova will build 3 hectares of housing on Petrovsky Island

Renova Stroygroup announced the second development project in St. Petersburg: it will build a residential complex on 3 hectares of land on Petrovsky Island. For the first - on Vasilievsky Island - the land has already been purchased
link: http://www.vedomosti.ru/ realty / news / 2121976 / renova_ vybrala_ostrova

Gazprom will combine energy assets with Renova in stages

Renova considers the sale of Domodedovo non-transparent, but does not refuse the asset

Renova buys new plots for housing construction

FAS did not receive applications from Gazprom and Renova for the merger of energy assets

KIRISHI (Leningrad region), March 23 - RIA Novosti. Gazprom and Renova have not yet submitted an updated application to the Federal Antimonopoly Service of Russia for the merger of electric power assets, the head of the department, Igor Artemyev, told reporters on Friday.
link: http://www.ria.ru/company/ 20120323 / 603888828.html

Gazprom and Renova still intend to combine energy assets

KIRISHI (Leningrad region), 23 Mar - RIA Novosti. Gazprom and Renova still intend to submit to the Federal Antimonopoly Service (FAS) an updated application for the merger of electric power assets, the head of the gas holding Alexey Miller said on Friday.
link: http://www.ria.ru/company/ 20120323 / 604217019.html

Domodedovo's buyers may be Renova or Basic Element, analysts think

MOSCOW, December 20 - RIA Novosti. The most likely buyers of the largest Russian airport "Domodedovo" are the airport holdings "Renova" of Viktor Vekselberg and "Basic Element" of Oleg Deripaska, and the cost of the airport is estimated at $ 3-3.5 billion, according to analysts interviewed by the Prime agency.
link: http://www.ria.ru/company/ 20111220 / 521803089.html

Renova may enter the regional air transportation market - Vekselberg

Semi-automatic washing machines Renova, Slavda

Slavda semi-automatic washing machines are absolutely unpretentious. Freeing us from the tedious hand washing, rinsing and spinning, semi-automatic washing machines wash excellently. Semi-automatic washing machines do not require a special connection to the water supply (water can be poured directly into the tank of the Slavda semi-automatic washing machine)
link:

Renova is a Russian private business group. The headquarters is located in Moscow.

The owners of the Renova Group of Companies

The parent company of the group is Renova Holding Limited, registered in the Bahamas, and its shares are managed by TZ Columbus Services Ltd from the Virgin Islands.

"Affiliated companies"

Shareholders of the AAR consortium

Owners of IES-Holding

Chairman of the Board of the Group - Aleksey Valerievich Moskov.

5. Zurikov Alexander Sergeevich
Member of the Management Board, Director of Security

6. Mayorets Maxim Andreevich
Member of the Management Board, M&A Director of Renova Group

7. Matveeva Irina Arkadyevna
Member of the Management Board, Chief Financial Officer of the Renova Group of Companies.

8. Ryzhova Anna Vladimirovna
Member of the Management Board, Director of Human Resources and Corporate Relations

9. Khalikov Rinat Shavkyatovich
Member of the Management Board, Director for Government Relations and International Relations.

10. Cheremikin Igor Vladimirovich
Member of the Management Board, Director of Legal Affairs of Renova Group of Companies.

11. Shtorkh Andrey Alekseevich
Member of the Management Board, Director for Strategic Communications, official representative of the Renova Group of Companies.

12. Lifshits Mikhail Valerievich
Director for Development of High-Tech Assets at Renova Group.

news

JV "Renova" and "Rusnano" left the CEO
Igor Akhmerov, general director of the joint venture Renova Viktor Vekselberg and Rusnano - Hevel - leaves the company on August 1, the press service of Renova said.
More details on RBK: http://www.rbc.ru/rbcfreenews/ 55b917339a794725edd6db4a

Renova sells its non-ferrous metal processing plants

Renova may gain control over Khimprom

Vekselberg denies information about the problem with "Arkhangelskoye"

Renova-Stroygroup has re-branded for the future IPO

Renova structure will build a new airport terminal in Perm

The structures of Renova, Interros and Norilsk Nickel create a consortium for the development of Yemelyanovo

The volume of investments required by the Krasnoyarsk airport until 2020 is 13.2 billion rubles.
link: http://www.vedomosti.ru/ companies / news / 8875381 / troe_ na_emelyanovo

Business School "Skolkovo" refinanced once again

Renova sold the manufacturer of antiinfluenza to Canadians

The largest transaction in terms of value on the Russian pharmaceutical market closed
link: http: //www.vedomosti. ru / companies / news / 8690991 / renova_prodala_proizvoditelya_ antigrippina

« Rosneft "will borrow from bankers $ 15.7 billion to buy out 50% of TNK-BP from AAR

M&A Deal of the Week: Oerlikon Sells Textile Divisions to Chinese

Sverdlovsk region will not sell shares of Koltsovo airport

ZIL Peninsula: a new $ 15 billion project will outshine Moscow City

Renova invested $ 2 million in an American manufacturer of cancer drugs

What apartments are being built for the Olympics

Renova's investment in Rostov-on-Don airport is in doubt

Renova will build 3 hectares of housing on Petrovsky Island

Gazprom will combine energy assets with Renova in stages

Renova considers the sale of Domodedovo non-transparent, but does not refuse the asset

Renova buys new plots for housing construction

FAS did not receive applications from Gazprom and Renova for the merger of energy assets

Domodedovo's buyers may be Renova or Basic Element, analysts think

Renova may enter the regional air transportation market - Vekselberg

Semi-automatic washing machines Renova, Slavda

The government quickly approved the receipt of state support by the owner of the Renova group, Viktor Vekselberg, who fell under US sanctions in early April. Details are not yet known, but, as Kommersant previously reported, Renova recently requested extensive measures to support its business, including refinancing loans from Western banks for € 820 million, various benefits for its companies. Also, measures are now being worked out to support the assets of another businessman who has fallen under the restrictions - Oleg Deripaska.

Viktor Vekselberg, who fell under US sanctions in April, received state support, told reporters on May 14 and. O. Finance Minister Anton Siluanov, who is to be approved this week as First Deputy Prime Minister of the Russian Federation. "Support has already been provided, last week, a week ago," the official said without specifying details. Kommersant told Kommersant that Viktor Vekselberg's Renova had sent a plan to support its assets to the government in early May.

In particular, Renova requested refinancing from state-owned banks for loans received in the West for € 820 million secured by 26.5% of Rusal's shares, assistance in refinancing loans and bonds for the group's companies in the amount of up to RUB 300 billion. (subsidizing rates and government guarantees), if these companies are subject to "secondary sanctions" and they will not be able to service debts. Renova also asked for assistance and preferences in obtaining government orders for its industrial and development assets, and various customs benefits.

Renova did not promptly respond to the request.

In addition, Mr. Siluanov announced that the government was working on supporting the assets of Oleg Deripaska, also subject to US sanctions, Rusal (also co-owned by Viktor Vekselberg) and GAZ, including through loans from the state-owned Promsvyazbank (PSB). The Ministry of Finance said that last week Renova received a loan from PSB for market conditions, stressing that no funds were allocated from the budget. The loan amount and other conditions were not disclosed. “As the work of these companies (Renova group .- "B"), commercial banks will be able to offer more favorable conditions, ”the ministry said.

Now En + (owns 48.13% of Rusal and the energy company Eurosibenergo) Oleg Deripaska is trying to minimize the impact of sanctions on the company. In April, Mr. Deripaska decided to reduce his stake in En + to less than 50%, and will also leave the group's board of directors.