Mospromstroy. Another Mospromstroy
Binbank won the fight for control over one of the largest construction companies in Moscow - Mospromstroy. The management company NVK, owned by the shareholders of Binbank, has consolidated more than 60% of the shares and in the near future intends to introduce its representatives to the management bodies of Mospromstroy.
CJSC Mospromstroy controls 26 general contracting and specialized enterprises. The company carried out the construction of the Cathedral of Christ the Savior, the Ice Palace, and the Victory Memorial on Poklonnaya Hill. Mospromstroy owns about 150 real estate properties. The company's revenue in 2004 amounted to about $400 million, net profit - $41 million. According to TsEA-Interfax, as of April 1, 2005, Binbank's assets were estimated at 34.8 billion rubles. (29th place in the Russian Federation), capital - 3.7 billion rubles. (40s). The bank, founded by Mikhail Gutseriev, is now controlled by his nephew Mikhail Shishkhanov.
“Today, NVK manages about 60% of the company’s shares, of which more than 35% belongs to B&N Bank shareholders,” said B&N Bank Vice President Camilla Spence. According to her, this stake was purchased from companies involved in buying shares - Rosbuilding, Power of Law and Nerl since 2004. And in mid-February, the Moscow government transferred its 24.5% stake in Mospromstroy to trust management Management Company NVK, owned by B&N Bank shareholders. Several metropolitan officials also know that NVK has consolidated a controlling stake.
Changes in share ownership are being made to the company's newly unlocked shareholder register, Spence says. Since mid-2004, at the request of the general director of Mospromstroy, Yuri Moroz, the Federal Financial Markets Service banned transactions with the company's securities. “Now the registration of shares [owned by] new structures is underway,” said Yuri Taranovsky, general director of OJSC “Reestr” (the registrar of “Mospromstroy”). Binbank does not comment on how much the purchase of 35% of the shares cost. “Taking into account all the vicissitudes, the deal could cost $100-150 million,” believes Ilya Shkabara, deputy general director of the KV Engineering company. Binbank itself estimates Mospromstroy’s business at $400-500 million.
“I cannot confirm the information about what kind of package Binbank has, and I doubt the stated figures,” said the first deputy general director of Mospromstroy, Valentin Voskoboynikov. In the near future, NVK plans to convene an extraordinary meeting of Mospromstroy shareholders and appoint its representatives to the management bodies. In addition, according to Spence, the new shareholders turned to law enforcement agencies with a request to check the activities of the company's management. “We have suspicions about the withdrawal of assets,” she says. “No one tried to withdraw assets; the company was created to increase the property of shareholders, including the city. From 1991 to 2004, the share of fixed assets increased by 3.8 billion rubles,” argues Voskoboynikov.
The new shareholders promise to “bring order to the enterprise and make it efficient and transparent for shareholders and investors.” Camilla Spence clarifies that first of all the company will develop the hotel complex. Previously, B&N Bank President Mikhail Shishkhanov announced his intention to invest up to $1 billion in Mospromstroy projects. Now the company owns three hotels managed by Marriott, two - Holiday Inn on Lesnaya Street and Suschevsky Val, and is building a hotel in Sokolniki. And in 2005, structures close to Mikhail Gutseriev bought out the Sadko-Hotel company, which was reconstructing the Leningradskaya hotel […]
Notice of the decision of the board of directors (supervisory board)
1. General information
1.1. Full corporate name of the issuer (for a non-profit organization - name): Public Joint Stock Company "Mospromstroy"
1.2. Abbreviated corporate name of the issuer: PJSC "Mospromstroy"
1.3. Location of the issuer: Moscow
1.4. OGRN of the issuer: 1027739028943
1.5. Issuer INN: 7710034310
1.6. Unique issuer code assigned by the registration authority: 00082-H
1.7. Address of the Internet page used by the issuer to disclose information: http://www..aspx?id=5373
2.2. Results of voting on issues regarding decision-making provided for in clause 15.1 of the Regulations on the disclosure of information by issuers of issue-grade securities, approved. Bank of Russia December 30, 2014 No. 454-P:
Wording of the decision on issue No. 1 of the agenda “On early termination of powers of the sole executive body (General Director) of PJSC Mospromstroy” put to vote:
Early termination of the powers of the sole executive body (General Director) of PJSC Mospromstroy, Yuri Borisovich Guretsky, on November 23, 2017, while simultaneously terminating the employment contract with him on the basis provided for in clause 3, part 1, art. 77 of the Labor Code of the Russian Federation (at your own request).
Voting results: “for” – 7 votes, “against” – 0 votes, “abstained” – 0 votes.
The decision was made unanimously.
Wording of the decision on issue No. 2 of the agenda “On the election of the sole executive body (General Director) of PJSC Mospromstroy” put to vote:
To elect Sergei Valerievich Katsenelenbaum as General Director of PJSC Mospromstroy for a period of 5 (five) years from November 24, 2017 to November 24, 2022 inclusive.
Voting results: “for” – 6 votes, “against” – 0 votes, “abstained” – 1 vote.
The decision was made by a majority vote of the members of the Company's Board of Directors who took part in the meeting.
2.3. The content of the decisions provided for in clause 15.1 of the Regulations on the disclosure of information by issuers of issue-grade securities, approved. Bank of Russia on December 30, 2014 No. 454-P, adopted by the issuer’s board of directors:
1) Early termination of the powers of the sole executive body (General Director) of PJSC Mospromstroy, Yuri Borisovich Guretsky, on November 23, 2017, while simultaneously terminating the employment contract with him on the basis provided for in clause 3, part 1, art. 77 of the Labor Code of the Russian Federation (at your own request).
2) Elect Sergei Valerievich Katsenelenbaum as General Director of PJSC Mospromstroy for a period of 5 (five) years from November 24, 2017 to November 24, 2022 inclusive.
2.4. Information about persons appointed to the relevant position, additionally indicated in accordance with clause 15.5 of the Regulations on the disclosure of information by issuers of equity securities, approved. Bank of Russia December 30, 2014 No. 454-P:
1) Katsenelenbaum Sergey Valerievich
share of participation of this person in the authorized capital of the issuer: 0%;
share of ordinary shares of the issuer, which is a joint stock company, owned by this person: 0%.
2.5. Date of the meeting of the issuer's board of directors, at which the relevant decisions were made: November 23, 2017.
2.6. Date of compilation and number of the minutes of the meeting of the board of directors of the issuer, at which the relevant decisions were made: Minutes dated November 23, 2017 No. 49.
3. Signature
3.1. Deputy General Director - Director for Corporate and Legal Relations of PJSC Mospromstroy (Power of Attorney No. 19-05/197 dated July 20, 2017)
Dmitry Ivanovich Levkin
3.2. Date 11/23/2017
This message was provided directly by the subject of information disclosure and published in accordance with the Regulations on the disclosure of information by issuers of issue-grade securities or the Regulations on the requirements for the procedure and timing of disclosure of information related to the activities of joint-stock investment funds and management companies of mutual investment funds, as well as the content of the disclosed information . The Interfax Agency is not responsible for the content of the message and the consequences of its use.
In the name of the Russian Federation
SOLUTION
Moscow Case No. A40-105524/17-44-137 B
The operative part of the decision was announced on September 5, 2017.
The solution was completed in full on September 15, 2017.
Arbitration Court of the City of Moscow, consisting of:
Judges Bubnova N.L.,
when keeping minutes by the secretary of the court session Novikova E.V., using audio recording equipment,
having considered in open court the application of PJSC "MOSPROMSTROY" to declare the Limited Liability Company "NESTRON" (OGRN 1027739212115, INN 7721179082) insolvent (bankrupt) under the simplified procedure for an absent debtor
starring:
from the applicant - from the debtor - V.M. Chutko (power of attorney dated 09/04/2017); Georgievskaya E.S. (power of attorney dated 09/04/2017)
U S T A N O V I L:
By the ruling of the Moscow Arbitration Court dated June 20, 2017, the application of PJSC MOSPROMSTROY to declare the Limited Liability Company NESTRON insolvent (bankrupt) under the simplified procedure of an absent debtor was accepted for proceedings, and proceedings were initiated in this case.
At this court hearing, in accordance with the article of the Federal Law “On Insolvency (Bankruptcy)”, issues were to be considered regarding the verification of the validity of the application for declaring the debtor bankrupt under the simplified procedure for an absent debtor, and the approval of the bankruptcy trustee of the debtor.
The applicant, duly notified of the time and place of the court hearing, did not appear, and therefore the case was considered in the absence of his representative in accordance with Art. ,Section II. Proceedings in the arbitration court of first instance. Claim proceedings > Chapter 19. Judicial proceedings > Article 156. Consideration of the case in the absence of a response to the statement of claim, additional evidence, as well as in the absence of persons participating in the case" target="_blank">156 Arbitration Procedure Code of the Russian Federation.
The debtor's representative explained to the court that the debt had been repaid and presented supporting documents.
After listening to the persons involved in the case, examining and evaluating the evidence, the court came to the following conclusions.
In accordance with paragraph 2 of Article on Bankruptcy Law, a legal entity is considered unable to satisfy the claims of creditors for monetary obligations, for the payment of severance pay and (or) for wages of persons working or who worked under an employment contract, and (or) to fulfill the obligation to make mandatory payments , if the corresponding obligations and (or) obligations are not fulfilled by him within three months from the date on which they should have been fulfilled.
DECIDED:
Refuse PJSC MOSPROMSTROY to recognize the Limited Liability Company NESTRON (OGRN 1027739212115, INN 7721179082) as insolvent (bankrupt) under the simplified absent debtor procedure.
The decision can be appealed to the Ninth Arbitration Court of Appeal within a month from the date of its production in full.
JUDGE N.L. Bubnova
Court:
AS of the city of MoscowOther persons:
NP "SOAU "Continent"Nestron LLC
PJSC "MOSPROMSTROY"
Full name: PJSC "MOSPROMSTROY"
Taxpayer Identification Number: 7710034310
Type of activity (according to OKVED): 41.20 - Construction of residential and non-residential buildings
Form of ownership: 42 - Mixed Russian ownership with shares of ownership of constituent entities of the Russian Federation
Organizational and legal form: 67
Reporting prepared in thousand rubles
See detailed verification of the counterparty
Accounting statements for 2011-2017.
1. Balance sheet
| Indicator name | Code | #DATE# |
|---|---|---|
| ASSETS | ||
| I. NON-CURRENT ASSETS | ||
| Intangible assets | 1110 | #1110# |
| Research and development results | 1120 | #1120# |
| Intangible search assets | 1130 | #1130# |
| Material prospecting assets | 1140 | #1140# |
| Fixed assets | 1150 | #1150# |
| Profitable investments in material assets | 1160 | #1160# |
| Financial investments | 1170 | #1170# |
| Deferred tax assets | 1180 | #1180# |
| Other noncurrent assets | 1190 | #1190# |
| Total for Section I | 1100 | #1100# |
| II. CURRENT ASSETS | ||
| Reserves | 1210 | #1210# |
| Value added tax on purchased assets | 1220 | #1220# |
| Accounts receivable | 1230 | #1230# |
| Financial investments (excluding cash equivalents) | 1240 | #1240# |
| Cash and cash equivalents | 1250 | #1250# |
| Other current assets | 1260 | #1260# |
| Total for Section II | 1200 | #1200# |
| BALANCE | 1600 | #1600# |
| PASSIVE | ||
| III. CAPITAL AND RESERVES | ||
| Authorized capital (share capital, authorized capital, contributions of partners) | 1310 | #1310# |
| Own shares purchased from shareholders | 1320 | #1320# |
| Revaluation of non-current assets | 1340 | #1340# |
| Additional capital (without revaluation) | 1350 | #1350# |
| Reserve capital | 1360 | #1360# |
| Retained earnings (uncovered loss) | 1370 | #1370# |
| Total for Section III | 1300 | #1300# |
| IV. LONG TERM DUTIES | ||
| Borrowed funds | 1410 | #1410# |
| Deferred tax liabilities | 1420 | #1420# |
| Estimated liabilities | 1430 | #1430# |
| Other obligations | 1450 | #1450# |
| Total for Section IV | 1400 | #1400# |
| V. SHORT-TERM LIABILITIES | ||
| Borrowed funds | 1510 | #1510# |
| Accounts payable | 1520 | #1520# |
| revenue of the future periods | 1530 | #1530# |
| Estimated liabilities | 1540 | #1540# |
| Other obligations | 1550 | #1550# |
| Total for Section V | 1500 | #1500# |
| BALANCE | 1700 | #1700# |
Brief balance sheet analysis
Chart of changes in non-current assets, total assets and capital and reserves by year
| Financial indicator | 31.12.2011 | 31.12.2012 | 31.12.2013 | 31.12.2014 | 31.12.2015 | 31.12.2016 | 31.12.2017 |
|---|---|---|---|---|---|---|---|
| Net assets | 11625376 | 16413068 | 18971686 | 16712006 | 17576221 | 12287410 | 12909733 |
| Autonomy coefficient (norm: 0.5 or more) | 0.39 | 0.33 | 0.32 | 0.28 | 0.28 | 0.25 | 0.36 |
| Current liquidity ratio (norm: 1.5-2 and above) | 1.5 | 1.2 | 0.9 | 0.8 | 0.9 | 2.4 | 2.4 |
2. Profit and loss statement
| Indicator name | Code | #PERIOD# |
|---|---|---|
| Revenue | 2110 | #2110# |
| Cost of sales | 2120 | #2120# |
| Gross profit (loss) | 2100 | #2100# |
| Business expenses | 2210 | #2210# |
| Administrative expenses | 2220 | #2220# |
| Profit (loss) from sales | 2200 | #2200# |
| Income from participation in other organizations | 2310 | #2310# |
| Interest receivable | 2320 | #2320# |
| Percentage to be paid | 2330 | #2330# |
| Other income | 2340 | #2340# |
| other expenses | 2350 | #2350# |
| Profit (loss) before tax | 2300 | #2300# |
| Current income tax | 2410 | #2410# |
| incl. permanent tax liabilities (assets) | 2421 | #2421# |
| Change in deferred tax liabilities | 2430 | #2430# |
| Change in deferred tax assets | 2450 | #2450# |
| Other | 2460 | #2460# |
| Net income (loss) | 2400 | #2400# |
| FOR REFERENCE | ||
| Result from the revaluation of non-current assets, not included in the net profit (loss) of the period | 2510 | #2510# |
| Result from other operations not included in the net profit (loss) of the period | 2520 | #2520# |
| Total financial result of the period | 2500 | #2500# |
Brief analysis of financial results
Graph of changes in revenue and net profit by year
| Financial indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|---|
| EBIT | 1494402 | 2351066 | 2529283 | 1873222 | 3269276 | 2235069 |
| Return on sales (profit from sales in each ruble of revenue) | 3.7% | 4.1% | 2.4% | 4.6% | -2.3% | 1% |
| Return on equity (ROE) | 10% | 8% | 9% | 11% | 3% | 5% |
| Return on assets (ROA) | 3.6% | 2.6% | 2.7% | 3% | 0.8% | 1.4% |
4. Cash flow statement
| Indicator name | Code | #PERIOD# |
|---|---|---|
| Cash flows from current operations | ||
| Receipts - total | 4110 | #4110# |
| including: from the sale of products, goods, works and services |
4111 | #4111# |
| lease payments, license fees, royalties, commissions and other similar payments | 4112 | #4112# |
| from resale of financial investments | 4113 | #4113# |
| other supply | 4119 | #4119# |
| Payments - total | 4120 | #4120# |
| including: to suppliers (contractors) for raw materials, materials, works, services |
4121 | #4121# |
| in connection with the remuneration of employees | 4122 | #4122# |
| interest on debt obligations | 4123 | #4123# |
| corporate income tax | 4124 | #4124# |
| other payments | 4129 | #4129# |
| Balance of cash flows from current operations | 4100 | #4100# |
| Cash flows from investment operations | ||
| Receipts - total | 4210 | #4210# |
| including: from the sale of non-current assets (except financial investments) |
4211 | #4211# |
| from the sale of shares of other organizations (participatory interests) | 4212 | #4212# |
| from the return of loans provided, from the sale of debt securities (rights to claim funds against other persons) | 4213 | #4213# |
| dividends, interest on debt financial investments and similar income from equity participation in other organizations | 4214 | #4214# |
| other supply | 4219 | #4219# |
| Payments - total | 4220 | #4220# |
| including: in connection with the acquisition, creation, modernization, reconstruction and preparation for use of non-current assets |
4221 | #4221# |
| in connection with the acquisition of shares of other organizations (participatory interests) | 4222 | #4222# |
| in connection with the acquisition of debt securities (rights to claim funds against other persons), provision of loans to other persons | 4223 | #4223# |
| interest on debt obligations included in the cost of an investment asset | 4224 | #4224# |
| other payments | 4229 | #4229# |
| Balance of cash flows from investment operations | 4200 | #4200# |
| Cash flows from financial transactions | ||
| Receipts - total | 4310 | #4310# |
| including: obtaining credits and loans |
4311 | #4311# |
| cash deposits of owners (participants) | 4312 | #4312# |
| from issuing shares, increasing participation shares | 4313 | #4313# |
| from the issue of bonds, bills and other debt securities, etc. | 4314 | #4314# |
| other supply | 4319 | #4319# |
| Payments - total | 4320 | #4320# |
| including: owners (participants) in connection with the repurchase of shares (participatory interests) of the organization from them or their withdrawal from the membership of participants |
4321 | #4321# |
| for payment of dividends and other payments | 4322 | #4322# |
| on the distribution of profits in favor of owners (participants) in connection with the repayment (redemption) of bills and other debt securities, repayment of loans and borrowings | 4323 | #4323# |
| other payments | 4329 | #4329# |
| Balance of cash flows from financial transactions | 4300 | #4300# |
| Balance of cash flows for the reporting period | 4400 | #4400# |
| Balance of cash and cash equivalents at the beginning of the reporting period | 4450 | #4450# |
| Balance of cash and cash equivalents at the end of the reporting period | 4500 | #4500# |
| The magnitude of the impact of changes in foreign currency exchange rates against the ruble | 4490 | #4490# |
6. Report on the intended use of funds
| Indicator name | Code | #PERIOD# |
|---|---|---|
| Balance of funds at the beginning of the reporting year | 6100 | #6100# |
| Funds received | ||
| Entry fees | 6210 | #6210# |
| Membership fee | 6215 | #6215# |
| Targeted contributions | 6220 | #6220# |
| Voluntary property contributions and donations | 6230 | #6230# |
| Profit from the organization's income-generating activities | 6240 | #6240# |
| Others | 6250 | #6250# |
| Total funds received | 6200 | #6200# |
| Funds used | ||
| Expenses for targeted activities | 6310 | #6310# |
| including: | ||
| social and charitable assistance | 6311 | #6311# |
| holding conferences, meetings, seminars, etc. | 6312 | #6312# |
| other events | 6313 | #6313# |
| Expenses for maintaining the management staff | 6320 | #6320# |
| including: | ||
| expenses related to wages (including accruals) | 6321 | #6321# |
| non-wage payments | 6322 | #6322# |
| expenses for official travel and business trips | 6323 | #6323# |
| maintenance of premises, buildings, vehicles and other property (except for repairs) | 6324 | #6324# |
| repair of fixed assets and other property | 6325 | #6325# |
| other | 6326 | #6326# |
| Acquisition of fixed assets, inventory and other property | 6330 | #6330# |
| Others | 6350 | #6350# |
| Total funds used | 6300 | #6300# |
| Balance of funds at the end of the reporting year | 6400 | #6400# |
2017 2016 2015 2014 2013 2012
No data for this period
| Indicator name | Code | Authorized capital | Own shares, purchased from shareholders |
Extra capital | Reserve capital | retained earnings (uncovered loss) |
Total |
|---|---|---|---|---|---|---|---|
| The amount of capital per | 3200 | ||||||
| Behind Capital increase - total: |
3310 | ||||||
| including: net profit |
3311 | X | X | X | X | ||
| property revaluation | 3312 | X | X | X | |||
| income attributable directly to capital increase | 3313 | X | X | X | |||
| additional issue of shares | 3314 | X | X | ||||
| increase in the par value of shares | 3315 | X | X | ||||
| 3316 | |||||||
| Reduction of capital - total: | 3320 | ||||||
| including: lesion |
3321 | X | X | X | X | ||
| property revaluation | 3322 | X | X | X | |||
| expenses directly attributable to reduction of capital | 3323 | X | X | X | |||
| reduction in the par value of shares | 3324 | X | |||||
| reduction in the number of shares | 3325 | X | |||||
| reorganization of a legal entity | 3326 | ||||||
| dividends | 3327 | X | X | X | X | ||
| Change in additional capital | 3330 | X | X | X | |||
| Change in reserve capital | 3340 | X | X | X | X | ||
| The amount of capital per | 3300 |
Additional checks
Check counterparty Download data for financial analysis
* Indicators that are adjusted in comparison with Rosstat data are marked with an asterisk. The adjustment is necessary to eliminate obvious formal inconsistencies in reporting indicators (discrepancy between the sum of lines and the total value, typos) and is carried out according to an algorithm specially developed by us.
Reference: The financial statements are presented according to Rosstat data disclosed in accordance with the legislation of the Russian Federation. The accuracy of the data provided depends on the accuracy of the data submission to Rosstat and the processing of this data by the statistical agency. When using this reporting, we strongly recommend that you check the figures with the data of a paper (electronic) copy of the reporting posted on the official website of the organization or obtained from the organization itself. Financial analysis of the presented data is not part of Rosstat information and was performed using specialized
At the next board of directors of the Safmar group, Mikail Shishkhanov will leave the board. Earlier it became known about the businessman’s resignation from the boards of directors of M.Video, RussNeft and Safmar Financial Investments.
Mikail Shishkhanov (Photo: Sasha Utkin for RBC)
At the next board of directors of the Safmar group, which will be held before the end of the year, Mikail Shishkhanov will be excluded from its membership, a source close to the group told RBC, and a representative of Safmar confirmed. On the group’s website, Shishkhanov is no longer mentioned as a member of the board of directors, but in SPARK-Interfax materials he is still listed as a member of the board of Safmar Group JSC.
Family contribution
The Safmar group (the name is derived from the names of the parents of the group founder Mikhail Gutseriev - Safarbek and Marem) since 2015 began consolidating the assets of the Gutseriev family - Shishkhanov, with the exception of B&N Bank. According to Forbes, the total fortune of the Gutseriev family clan in May 2017 was $9.91 billion. In addition to Mikhail Gutseriev, the magazine traditionally includes his brother Sait-Salam, son Said, as well as nephews Bilan Uzhakhov and Mikail Shishkhanov in the “clan”. “Family does not mean that money is shared,” Shishkhanov said in an interview with Vedomosti. - This is not a mafia clan, in which all the money is on one table and we divide it as we want. I am an independent entrepreneur, we coordinate so as not to compete: they [the Gutseriev family] were not involved in banking, I was not involved in oil.” Outside the family, Shishkhanov’s personal wealth was estimated in 2017 at $2.3 billion, Mikhail Gutseriev’s at $6.3 billion.
Video: RBC
The decision to resign from the board of directors of Shishkhanov was made due to the fact that the businessman, since the summer of 2017, is no longer among the shareholders of any company that is part of the group, a Safmar representative explained to RBC. In September, in an interview with RIA Novosti, answering the question whether the businessman still had any share in the Safmar group, Shishkhanov himself replied that, “unfortunately, he did not.” “I completely sold off my assets. If there is something left, then there is 0.001%,” he added, without specifying what kind of “residues” we might be talking about in which projects. In October, in particular, it was known that Shishkhanov left the shareholders of M.Video. By the end of the year, he will leave the boards of directors of this retail chain, as well as the company and Safmar Financial Investments (manages Safmar's leasing and pension assets). The Board of Directors of PJSC Mospromstroy, which was held on October 6, made a decision on its new composition - and Shishkhanov is also not on the list of candidates.
Earlier, RBC reported that “Shishkhanov’s assets remained in the Gutseriev family.”
What does Safmar manage?
Until 2015, the assets of the Gutseriev-Shishkhanov family were united under the name “BIN group”. Now all Safmar assets are divided into six divisions: industrial (RussNeft, Neftissa, ForteInvest, Russian Coal, Slavkali companies), financial (Safmar Financial Investments PJSC), retail (M .Video" and "Eldorado"), construction and development (PJSC "Mospromstroy", A101), commercial real estate (43 shopping and business centers) and hotel business (nine hotels in Moscow and two in the CIS). In an interview with Vedomosti in August, Mikhail Gutseriev clarified that the formation of the Safmar group has not yet been completed. “The work is underway, and by the end of the year we will have a strict management vertical. There will be general reporting, the group’s turnover will be just over 1 trillion rubles,” Gutseriev explained at the beginning of 2017.
To keep distance
“The initiative to withdraw from all of Safmar’s assets and formally distance itself from the Gutserievs came from Shishkhanov,” one of the family’s acquaintances told RBC. “After the problems began at B&N Bank, and their scale became clear by the summer, Mikail was very worried in personal conversations that the story with the bank could negatively affect his uncle’s family and their relationships.” Publicly, answering a question in an interview with Vedomosti after the start of the reorganization of B&N Bank about how his relationship with Gutseriev is now, Shishkhanov said that he was “ashamed” of Gutseriev. “He worries about me. I’m very worried that this is connected with his name,” said the businessman.
At the end of September, Binbank, in which Shishkhanov is the main shareholder (he owned 67.967% of the bank’s shares), and Gutseriev is a minority shareholder (28.488%), announced the reorganization of the bank under a new mechanism - with direct participation of the regulator as an investor through the Banking Sector Consolidation Fund. Now a temporary administration has been introduced at the bank, following the results of which the bank’s shareholders can again receive part of this business. But Shishkhanov, in an interview with Vedomosti, promised to leave the banking business: “I definitely didn’t deserve this 25% [of the bank’s shares after the reorganization].” “In a year, two or three - as long as it takes - I will do everything as the Central Bank says, so that there are no questions for me. And then I’ll find myself in some other business. Maybe in industry,” the businessman reasoned. A quarter of B&N Bank’s business, according to him, “deserved the minority shareholder who gave a lot of money to the capital a year ago,” meaning his uncle Mikhail Gutseriev - he invested about $300 million in the troubled bank in 2016 in exchange for a minority stake and even for some time he headed its board of directors.
At the beginning of the reorganization of Binbank, it was discussed that part of the hole in the bank’s capital would be reduced by transferring to its balance sheet by the former owners of their other assets. Last week, on October 31, Deputy Chairman of the Central Bank Vasily Pozdyshev announced the beginning of the transfer of such non-bank assets of the owners of the sanitized B&N Bank to its balance sheet. “There are real estate assets. Specifically, in the list of transferred assets there are securities of Inteko, A101, RussNeft, broiler production plants, cement plants, sawmills, nanotechnologies - a large volume of non-core assets for the bank,” Pozdyshev said. How many specific shares of Inteko, A101 and RussNeft were transferred to B&N Bank is not reported.
“As part of the reorganization of B&N Bank, Shishkhanov repeatedly said that he was ready to transfer all personal assets to restore the situation in the bank. Many of Safmar's assets are highly liquid, and there are public companies. But if the Central Bank suddenly decides to use them during the reorganization procedure, this could have a negative impact on these companies, since it is difficult to assess the effect if the shareholder is a non-core regulator, an investment banker familiar with the situation told RBC.
The regulator did not explain on what basis the final list of assets that will be transferred to the Central Bank as part of the reorganization will be determined. “The provisional administration of the bank has the right to challenge transactions concluded [by shareholders or persons affiliated with them] within one year before the date of appointment of the provisional administration. If such transactions are considered suspicious, or can be regarded as providing an advantage to any of the creditors, or are made to the detriment of the interests of the bank, then such transactions can be challenged,” says Igor Dubov, partner of the Moscow bar association “Iontsev, Lyakhovsky and Partners”. .
