Mikhelson wound-up possessing 57 datemyage randkowych aplikacje.2 per cent of Sibur and you may Timchenko 37.step 3 percent. 5 per cent. People managers incorporated Kirill Shamalov. By 2014, centered on Sibur’s declarations, Kirill got offered their own stake to help you cuatro.step 3 per cent out of Sibur.

KIRILL’S COUP

Once Mikhelson and you may Timchenko got removed control of Sibur, the only way for anybody discover a major stake during the the business are for example of those to invest in sell particular offers. Thankfully to have Kirill Shamalov, Putin’s friend Timchenko is actually prepared to sell to your.

Timchenko additionally the president’s brand new man-in-rules first started discussions during the summer out of 2013, according to a job interview Kirill offered towards the Russian papers Kommersant inside August this season. The beginning of those people discussions try two months immediately after Kirill had recognized his matrimony so you’re able to Putin’s daughter.

Into the , Kirill strolled down off his management part at Sibur. However, he remaining their shareholding and you can existed with the given that person in new board away from directors. Five days after, towards the Aug. step 1, the guy inserted a different sort of business titled Yauza twelve that is wholly owned by your.

The following month, Yauza a dozen ordered 17 percent away from Sibur off Timchenko. That grabbed Kirill’s risk from the petrochemical business to help you 21.step three percent. Putin’s child-in-legislation was today the second prominent stockholder for the Russia’s leading gas and you can petrochemicals processor chip.

This past year, an excellent spokesman to have Timchenko informed Reuters you to their sales so you can Kirill Shamalov took place once negotiations with many potential customers and you can was during the an industry speed. The brand new spokesman told you brand new business mirrored an insurance policy out of Timchenko’s carrying providers, Volga Group, out of diversifying their possessions.

It few days, an excellent spokesman having Volga Classification informed Reuters: “Every transactions which were presented from the Mr Timchenko’s formations with shares of Sibur – the purchase of offers in the company, the latest profit out-of the main express framework to help you K. Shamalov – had market profile and you can happened based on the sector valuation of your own team.”

How would the fresh new then-32-year-old Kirill manage like a buy? An excellent Reuters examination of Yauza a dozen account registered in the bottom out of 2014 shows that the company got borrowed 78.9 billion roubles (regarding the $step 1.3 million at the time). The main cause associated with money try the lending company in which their sibling are a beneficial deputy president. The credit showed up “away from Gazprombank protected towards property owned by me personally,” Kirill told Kommersant.

Brand new regards to the mortgage aren’t known, however, Kirill’s company appears to have borrowed the cash inexpensively. Focus repaid immediately following he took the borrowed funds, according to Yauza several accounts, amounted so you can 343 million roubles on stop from 2014. One compatible a yearly rate of interest of around 1.step 3 percent if for example the loan began whenever Yauza 12 purchased the fresh new Sibur offers, good Moscow-dependent credit specialist said. The new analyst added you to as the loan’s readiness big date is actually unfamiliar, it is undecided if you to definitely rate of interest is different from the market rate or not.

With the lent $step 1.step three mil, Kirill managed to find the 17 % risk for the Sibur. He with his spokesman refuted to indicate simply how much the guy paid back, aside from saying it actually was an industry rates.

About three separate analysts advised Reuters when you look at the October this year you to Kirill’s complete holding out-of 21.step 3 % try really worth no less than $dos mil. That had been traditional. Into Dec. 11, the Chinese petroleum organization Sinopec wanted to spend $1.34 billion for only ten percent of business.

Back to where it started

Along with his miracle matrimony from the Igora ski resort and his awesome monetary good fortune, Kirill Shamalov encapsulates key areas of the present Russia. The new Putin day and age has its own origins in St. Petersburg, where in fact the president first started his political occupation. His friends regarding the Ozero dacha collaborative, along with aides he caused regarding the St. Petersburg mayor’s office, proceeded to help you wide range and you can influence since the Putin consolidated their stamina.