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Assets

+ Prokhorov Mikhail Dmitrievich

Assets

The main Russian assets of Mikhail Prokhorov are concentrated in the Oneksim group created in 2007.

  • Rusal (17%) (sold 12% of 17% in November 2016),
  • Intergeo is a mining and metallurgical company,
  • "Quadra" (formerly TGK-4) is one of the key enterprises in the power supply system of the European part of Russia (sold in January 2022),
  • "Consent,"
  • Snob (sold in September 2017),
  • International Financial Club - a universal Russian commercial bank,
  • Bank Renaissance Credit,
  • Renaissance Capital and others.
  • In December 2015, Mikhail Prokhorov became the owner of a 100% stake in the Brooklyn Nets American basketball club and the Barclays Center sports arena. In April 2018, Russian businessman Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets National Basketball Association (NBA) club to entrepreneur Joseph Tsai.

RUSAL

As of April 2014, the Oneksim group of Mikhail Prokhorov owns a 17% stake in the Rusal aluminum company received for the Norilsk Nickel blocking stake. Then - in 2008, it seemed that this was a great idea to wave Norilsk Nickel shares (25%) to Rusal shares and still get several billion dollars in the cache. However, everything is known in comparison. At the close of trading on the Moscow Exchange on April 8, 2014, Rusal's capitalization was estimated at $8.7 billion. Accordingly, the value of 17% of the company's shares was about $1.5 billion. The capitalization of Norilsk Nickel is $27.8 billion, and a 25% stake can be estimated at $7 billion[1].

In October 2016, it was announced the sale of 12% of a 17% stake in Rusal for $700 million.

Intergeo

The company was founded in 2008 and collected 12 exploration licenses belonging to the ONEXIM group. In fact, it is a collection of licenses, the development of which did not reach the hands of Norilsk Nickel and which were separated from MMC after Prokhorov's "divorce" from Vladimir Potanin. The two largest Intermeo projects are the Ak-Sug copper deposit and the nickel Kingash. In 2010, Intergeo Management Company bought 100% of the Kingash Mining Company from MMC Norilsk Nickel.

On the basis of the Kingash deposit, Intergeo planned to annually produce 60-70 thousand tons of nickel, 25-30 thousand tons of copper, 10-15 tons of platinum and gold. For the development of the Kingash field, Intergeo planned to build a GOK in the Sayansky district and a nickel plant in Zelenogorsk.

However, then there were rumors on the market that Kingash could be sold to Musa Bazhaev's Russian Platinum, which had previously acquired a license from Intergeo for the Montenegrin polymetallic deposit in Taimyr. As of April 2014, in fact, Intergeo is not developing[1].

Consent

The insurance company Consent was the captive company Interros and only after it moved to Prokhorov began to develop as an independent player in the market. Consent completed 2013 with a profit of 38 million rubles. For 2013 year, the insurer collected almost 42.9 billion rubles. Premiums (against 34.5 billion rubles in 2012). And the company's payments for 2013 year amounted to 23.6 billion rubles. (the same indicator of the previous year ‒ 18.6 billion rubles.). This follows from the annual reporting of Consent under RAS, according to IFRS, the company will probably be in the minus. The personnel policy in the company is characterized by extreme chaotic: the CEO changes at a rate of once a year. In March 2014, Maya Tikhonova became him, and this is the fourth general director over the past four years[1].

Since 2008, the Oneksim group has invested 16 billion in the development of Concord, and as rubles a result, the company has suffered greatly in the crisis and has generated more than 2014-2015 billion rubles in losses over 10.5 years. At the same time, the asset was considered very reliable (one of the largest, the insurance companies Russia RAEX rating agency has been assigning the highest level of reliability to it for the past few years). According to Alexei Yanin, Managing Director of Bank Ratings at RAEX Agency (July 2016), Consent brings losses, since it has a troubled[2] in the auto insurance segment[2]

International Financial Club (IFC)

Experiencing nostalgic feelings about the name (under this name the first bank was opened, founded by Prokhorov with Potanin in 1992; since 2003, this brand did not exist: IFC merged with Rosbank), in 2008 Prokhorov bought and renamed IFC a small APR bank.

The International Financial Club (IFC) was created as a bank for its own. Therefore, among the shareholders of the bank not only M. Prokhorov, but also such famous businessmen as Alexander Abramov, Viktor Vekselberg and others. IFC Bank's net profit at the end of 2013 exceeded 1 billion rubles (as of January 1, 2013, 969.6 million rubles). Probably, this is one of the few resources of M. Prokhorov, which brought a good profit for 2013. Perhaps this is due to the fact that the owners of the IFC in addition to M. Prokhorov are other businessmen[1].

According to data from mid-2016, since its inception, the bank has brought Prokhorov almost 360 million rubles, despite the losses of the last crisis years. If it were not for the outflow in 2016, amid searches at ONEXIM, of customer funds totaling 10 billion rubles, the project could be considered an exemplary[3].

Renaissance Capital

In August 2013, Onexim bought 50% of the rights of Renaissance Capital Bank for $8. Previous bank owner Stephen Jennings could not find a solution to the crisis, except to sell it to Onexim, who now fully owns Renaissance Capital, and also has 89% of Renaissance Credit. Such a low price is explained by the fact that Prokhorov needed to spend about $1 billion to settle the bank's activities. The first transaction to transfer part of the rights of Renaissance Capital Bank to Oneksim was carried out in the fall of 2008, when a group of Russian businessmen bought 50% minus ½ shares for $500 million. Prokhorov's group began to restore Renaissance Capital back in 2012, when it wrote off debts to the bank in the amount of $190 million, and also contributed $485 million to its capital. Losses for 2012 amounted to $ 378 million[1].

By mid-2016, over $1 billion was invested in the Renaissance.

The group itself made a profit only once - $14 million in 2013. But the retail bank Renaissance Credit, judging by the statements, remained profitable, in any case, from the moment of purchase until the crisis[4].

Biography

Born in Moscow in the family of the head of the Department of International Relations of the USSR State Committee for Sports and the head of the Department of Polymers of the Moscow Institute of Chemical Engineering.

In 1989, he graduated with honors from the Faculty of International Economic Relations of the Moscow Financial Institute (now the Financial Academy under the Government of the Russian Federation). His classmate and friend was the future governor of the Krasnoyarsk Territory, Alexander Khloponin and Andrey Kozlov, First Deputy Chairman of the Central Bank of the Russian Federation (1997-1999 and 2002-2006), a member of the Board of Directors of the Bank of Russia, who was killed in the assassination attempt.

1987: "Boiled" denim fabric cooperative

As a student, in 1987 he opened the Regina cooperative, which was engaged in the manufacture of boiled denim fabric.

1989-2001: Banking period

  • 1989-1992 - Head of the Department of the International Bank for Economic Cooperation (IBES).
  • 1992-1993 - Chairman of the Board of the joint-stock commercial bank International Finance Company.
  • 1993-1998 - Chairman of the Board of ONEXIM Bank.
  • 1998-2000 - President - Chairman of the Board of ONEXIM Bank.
  • From 1998 to 2007, Prokhorov personally controlled individuals at discos, which he spent every winter in French Courchevel.
  • 2000-2001 - President of Rosbank AKB.

2001-2007: Norilsk Nickel

  • 2001-2007 - General Director, Chairman of the Board of MMC Norilsk Nickel (since June 2001). In April 2007, he left the post of General Director of MMC Norilsk Nickel. But as of September 2007, Prokhorov still owned the Norilsk Nickel blocking stake (25%).

  • In 2004, Mikhail Prokhorov established a private charity Fund for Cultural Initiatives.

  • Since March 2006 - Chairman of the Board of Directors of Polyus Gold OJSC.

2007: Courchevel scandal

The Courchevel scandal is an incident on January 9, 2007 in the French ski resort of Courchevel, during which French police detained a number of senior representatives of Russian large businesses as part of an investigation into the luxury prostitution network. Mikhail Prokhorov was detained for 4 days by the French police. French police suspected that Prokhorov brought girls for his rich friends; Prokhorov himself told the investigation that he brought women because he "loves the company of smart, beautiful and young companions."

About 50 police officers were involved in the operation, who raided three hotels: Byblos, La Lana and Lez Eray. They detained 26 people, including the top of Norilsk Nickel: general director Mikhail Prokhorov, his assistant Dmitry Shatov and vice president Oleg Baybakov, as well as several young women. No charges were brought against the detainees, and they themselves were interrogated as witnesses and soon released. However, Lyon prosecutor Xavier Risho said in an interview with Interfax that Prokhorov was suspected of sexual relations with minors.

The President of the Chamber of Commerce and Industry of the Russian Federation, Yevgeny Primakov, negatively regarded Prokhorov's behavior: "I spoke with several of our big entrepreneurs, and they are as indignant as I am, because this hurts the image of Russia and sets society against business. How can you do this - people in the mine do not receive a lot of money, and the general director throws them and brings 15 women with him to the resort? "
  • In May 2007, he founded the private investment fund ONEXIM Group LLC, of which he became president. Mikhail Prokhorov decided to "divorce" his partner - Vladimir Potanin.

  • Since December 2007, Mikhail Prokhorov has been conducting a personal blog in the Living Journal.

2008

Foundation of the media group "Live"

In April 2008, Mikhail Prokhorov and Vladimir Yakovlev founded the media group "Live!."

State estimate of $22.6 billion

In May 2008, Forbes estimated Prokhorov's fortune at $22.6 billion.

War with Potanin

Prokhorov's long-time partner, co-owner of Norilsk Nickel, Vladimir Potanin, refused to defend him in the press and in front of employees. Moreover, he decided that the time had come for a "divorce." Soon after, Potanin invited Prokhorov to his place and said that he was ready to buy his stake in Norilsk Nickel. According to the source of Medusa, familiar with the details of the transaction on the sale of the enterprise, the amount that Prokhorov Potanin offered at that time for a stake in Norilsk Nickel was significantly lower than the market - less than one billion dollars.

Two weeks later, Prokhorov and Potanin gathered a briefing at which they announced the separation of assets. Prokhorov was mostly silent, and Potanin said that their main common asset - Norilsk Nickel - would almost completely go to him. Many believed that this was logical: the former First Deputy Prime Minister of Russia (in 1996-1997) Vladimir Potanin always seemed to be a senior partner, despite the fact that their shares were equal; and Prokhorov "got fined" - the story in Courchevel caused him and the company reputational damage.

During the briefing, the financial details of the divorce from Prokhorov were not disclosed. But the conditions that Potanin offered, Prokhorov was, to put it mildly, dissatisfied - he was furious.

In his opinion, Mikhail Prokhorov decided to complain about the unfair division of assets to his friend Valentin Yumashev, the head of the presidential administration during the time of Boris Yeltsin (and the husband of his daughter Tatyana Dyachenko). Yumashev, in turn, spoke about what happened to Vladimir Putin. The president listened to Yumashev, including because he was among those who advised Yeltsin to choose Putin as his successor in 1999.

A Medusa source at ONEXIM says that Prokhorov soon got to Vladimir Putin's appointment: right with him, the Russian president allegedly called Potanin and said that "deceiving partners is ugly."

A third party appeared in the deal: Prokhorov sold his stake in Norilsk Nickel not to Potanin, but to businessman Oleg Deripaska, a long-time friend of the Yumashev family. As a result, due to the division of property with Potanin and the sale of Deripaske's share, Prokhorov received a total of $9.5 billion; this happened on the eve of the 2008 financial crisis.

Hundreds of newspaper pages were written by journalists about how the war of friends went. Potanin bought 50% from Prokhorov in the KM invest fund, where all joint assets of partners were transferred (except for shares in Norilsk Nickel and Polyus Gold), and 27.5% of Open Investments, 91% of the insurance company Concord, Rosbank Management Company and a number of exploration assets went to Prokhorov.

The main battle broke out in the spring of 2008 for the Prokhorov stake (25% plus 2 shares) of Norilsk Nickel, which Potanin needed as air to keep a controlling stake in Norilsk Nickel. Potanin was sure that Prokhorov would sell this package to him. However, Prokhorov sold his package in a matter of months before the global drop in exchange quotes at almost the peak of its market value UC Rusal Oleg Deripaska, the deal amount is $4.5 billion and 14% UC Rusal. Vladimir Potanin was furious, but there was nothing to do.

It was after this "feint of Prokhorov" that many said that he was a financial genius. It so happened that he entered the crisis not only without debts, but also with full pockets of cash. In 2009, Forbes estimated his fortune at $9.5 billion and awarded first place in the Golden Hundred. Potanin with $2.1 billion was only 19th. It would seem that Mikhail Prokhorov clean beat his old friend. The recovery of markets that followed the protracted peak did not seriously change the alignment, but the gap in the assessment of the states of former partners was significantly reduced. In 2010, Prokhorov with $13.4 billion - the second, and Potanin with $10.3 billion - the seventh.

In June 2008, Vladimir Potanin accused his former partner of non-compliance with agreements in a deal related to the sale of a blocking package of MMC Norilsk Nickel. Potanin said that "Prokhorov promised Usmanov and me to sell Norilsk and buy Polyus, but he did not." In response to this statement, Mikhail Prokhorov filed a lawsuit against Potanin demanding refutation of this statement as defaming his business reputation. The judge granted the lawsuit of Mikhail Prokhorov, recognizing Potanin's words as untrue and defaming his business reputation with information.

Prokhorov concentrated on the ONEXIM investment fund he founded in 2007 and with his help consolidated everything that remained from the "divorce" with Potanin. According to the results of 2008, Prokhorov turned out to be the richest person in Russia according to Forbes magazine.

Since June 2008, Prokhorov has been a member of the Board of Directors of MMC Norilsk Nickel.

Since October 2008, Prokhorov has been President of the Russian Biathlon Union (replaced by Alexander Tikhonov).

State estimate of $9.5 billion No. 1 in Russia

At the end of 2008, Mikhail Prokhorov took first place in the list of Russian billionaires of Forbes magazine with a capital of $9.5 billion.

2009

Registration in the Krasnoyarsk Territory

In the May issue of Forbes for 2009, Prokhorov's fortune is already estimated at $9.5 billion. Thus, as a result of the crisis, Prokhorov lost $13.1 billion over the year.

On the night of June 6, 2009, on the decks of the Aurora cruiser, several hundred guests of the St. Petersburg Economic Forum celebrated the anniversary of the Russian Pioneer magazine, published with the money of Mikhail Prokhorov.

In June 2009, Mikhail Prokhorov changed his Moscow residence permit to a residence permit in the village of Eruda, Krasnoyarsk Territory. A businessman must pay in Yerud a tax on the income of individuals from a sale transaction for more than $5 billion to Vladimir Potanin 50% of the shares of a joint company - KM invest. It was expected that the budget of the Krasnoyarsk Territory and the North Yenisei District as a result of this would be replenished in 2009 by 16.6 billion rubles.

Purchase of the American basketball club New Jersey Nets

In September 2009, Prokhorov entered into a deal to acquire one of the teams of the National Basketball Association - New Jersey Nets. The Russian billionaire became the first foreign owner of the club in the history of the NBA.

On September 28, 2009, Prokhorov's lawyer reported that on August 7 of the same year, the investigating judge of the city of Lyon, Nicola Charrer, who had previously issued a warrant for the detention of Prokhorov, dismissed the criminal case "for lack of corpus delicti."

Purchase of RBC media holding for $80 million

Mikhail Prokhorov bought RBC in 2009 from the founding fathers of the company (G. Kaplun, etc.) for $80 million.

2010

Statement on plans to produce a new car

In January 2010, Prokhorov announced that he plans to begin production on a fundamentally new basis of a low-budget city car using advanced technologies (at the Yarovit Motors enterprise).

Renaming the NBA Basketball Club

In August 2010, the leadership of the New Jersey Nets club of the National Basketball Association (NBA), owned by Russian businessman Mikhail Prokhorov, filed documents to rename the team. The new name is not specified, only the terms of renaming are known: this will happen before the start of the 2012/13 season.

According to the rules of the NBA, any club that intends to change the name, logo or form of players should contact the leadership of the association no later than 25 months before the start of the season, when it is planned to rename. The final permit is issued by the NBA Board of Directors, which includes 30 people.

Prokhorov has repeatedly stated that he intends to rename New Jersey, but has never named specific options. However, once a Russian businessman jokingly noticed that he was going to name a team in honor of his girlfriend and rename the club every time he changed his life partner.

Appointment as General Director of Pole Gold

On December 9, 2010, Mikhail Prokhorov was appointed General Director of Pole Gold.

As of 2010, according to Forbes, Prokhorov's condition is estimated at $13.4 billion.

2011

State of $18 billion No. 2 in Russia

According to a Forbes rating published in April 2011, Mikhail Prokhorov's fortune is estimated at $18 billion. He ranks second in the ranking of the richest businessmen in Russia.

Start of construction of the Yo-mobiles production plant

Innovative activity of Prokhorov, one of the richest people of the planet, is associated first of all with the project on creation of "people's car" which received the name "Yo-mobile". In December 2010, he presented a model of a hybrid car, the development of which the businessman announced in early 2010. The construction of the Yo-mobiles production plant began in June 2011.

Yumashev makes a politician from Prokhorov: the party "Right Cause"

In the fall of 2010, the Kremlin environment discussed who would represent the liberals in the 2011 parliamentary elections, and then Valentin Yumashev, head of the presidential administration under Boris Yeltsin, recalled his friend Mikhail Prokhorov.

A couple of years before, many participants in the Union of Right Forces, which broke up in 2008, accepted the Kremlin's offer to join the Right Cause party. As the former and. about. Leonid Gozman, chairman of the political council of the Union of Right Forces, told Medusa, it was assumed that the Right Cause would become the "political force of the liberal part of the country's leadership" and could be headed by one of the first persons.

By 2011, Dmitry Medvedev, who was then the president of Russia, was actively interested in the party. According to sources from his administration, Medvedev at that time was on good terms with Finance Minister Alexei Kudrin - it was to him that the president offered to lead the project. Kudrin nevertheless abandoned his political career, and Medvedev was put on the table by a new draft of the "leadership three" of the right-wing party: the owner of the Republic stores Vadim Dymov, actress Chulpan Khamatova and Andrei Sharonov, who then worked as vice mayor of Moscow. But Medvedev did not like this list. "There's a crisis in the country. I need a person who will pay for everything, "a Medusa source quoted the former president as saying, apparently, that the Kremlin was not ready to invest in a new project and deploy it at the expense of its resources.

As Prokhorov himself said in private conversations, Valentin and Tatyana Yumashev offered him to head the "Right Case." Prokhorov treated this idea as "another super task." "He lit like a Bengali fire," the closest associate of the entrepreneur tells Medusa.

At the party congress, held on June 25, 2011, Prokhorov made a splash. The entrepreneur said that he would invest $100 million in the project, he promised to take another 100 million for the development of the party from fellow entrepreneurs Alexander Mamut (owner of SUP Media) and Suleyman Kerimov (owner of Uralkali), who, as Prokhorov hoped, would also join the party.

Kerimov and Mamut did not join the party, but many media people, including Alla Pugacheva, Andrei Makarevich and Evgeny Mironov, agreed to participate in Prokhorov's political project. At the same time, the Kremlin almost immediately began to advise Prokhorov to include outsiders and people not close to the entrepreneur on the election list. "They suggested [TV presenter] Julia Bordovskikh to include almost [singer and actress] Jeanne Friske," says a source from Prokhorov's entourage who worked in Law Case. The entrepreneur answered this with a tough refusal.

The political image of Prokhorov was taken up by technologists Iskander Valitov, Dmitry Kulikov and Timofey Sergeitsov. Prior to this, they promoted the Ukrainian politician Arseniy Yatsenyuk in the presidential election: billboards were placed throughout Ukraine in which the intelligent and subtile Yatsenyuk posed in camouflage (Yatsenyuk scored about 7%, taking fourth place in 2010).

Political strategists also decided to add masculinity to Prokhorov - to make him a sharp, independent politician who can do without advice from the Kremlin. Many of their decisions, however, turned out to be erroneous.

Firstly, the party rebranded, its symbols became similar to the imperial flag used by nationalists; the slogan "Our work is right" also appeared. "And other people worked on that [ultra-patriotic] field, and the administration did not need it. Prokhorov did not feel all this, "says a person from his entourage .

Secondly, Prokhorov provoked a strong internal party conflict by hiring Rifat Shaikhutdinov, State Duma deputy from the LDPR, as the head of the campaign headquarters. He quickly began to get rid of the liberals and give places on the lists to people far from party ideology.

Thirdly, political strategists turned Prokhorov against the main player in the Russian domestic policy market at that time - the first deputy head of the presidential administration Vladislav Surkov. To demonstrate his independence, Prokhorov had to first get rid of the image of the "Kremlin appointee," but he did it inept. "They [political strategists] played into the sculpture of a politician and ran into a conflict with Surkov," says a source from Prokhorov's entourage. He claims that advisers constantly told the entrepreneur: "Vladislav Surkov is an enemy, we are not on the way with him." They insisted that Prokhorov is an independent politician who should not focus on anyone.

Finally, fourth, Mikhail Prokhorov quarreled with President Dmitry Medvedev. Shortly before the start of the 2011 election campaign, the head of the country gathered party leaders and made a speech that in no case should there be people with a criminal record on party lists. Medvedev threatened Zhirinovsky, saying that this applies to him personally, and did not even look at Prokhorov, because he was confident in him. At the same time, the entrepreneur planned to include Yekaterinburg politician Yevgeny Roizman, who served for theft in his youth, in the federal list of the "Right Case."

"What can a politician do in such a situation? You can enter into a meaningful dispute, say that there is no such defeat in rights, "says Prokhorov's former associate in the Right Case in an interview with Medusa. - You can wait for the end of the meeting and fall into your feet, say - the criminal record was 20 years ago, sovereign, pardon. Prokhorov simply missed Medvedev's words past his ears and almost the next day announced that Roizman was coming with him. "

According to witnesses, Medvedev was simply furious. According to a source (May 2016) familiar with the leadership of the presidential administration, Medvedev and Surkov are still "pounding" from one mention of Prokhorov.

"When Surkov urgently demanded that Roizman be removed from the list, the entrepreneur spread his hands:" Listen, I am a public politician, the fact that Roizman is on the lists is already known to everyone how I will explain this to my electorate? "" - he says.

As a result, Prokhorov was left without a party: it was technically taken from him in September 2011. On September 14, the first day of the congress, the delegates were divided into supporters and opponents of Prokhorov. As a result, on September 15, two congresses were already held in Moscow. At one of them - at the Center for International Trade - delegates removed the party leader from his post, and at the second - at the Russian Academy of Sciences - Prokhorov announced the "raider capture" of the party, his resignation from it and his intention to create a new political force. At the same time, the billionaire criticized the Kremlin administration, saying, in particular, that he would seek the first deputy head Vladislav Surkov.

At the party congress, Prokhorov's opponents received a majority in the mandate commission, and then voted to remove Prokhorov from the post of party leader, who was instead the head of the executive committee Andrei Dunaev.

"The return to our status quo was painful," says Dunaev himself. "Everyone understood that without Prokhorov, the party would not gain a passing percentage to the Duma."

Why delegates committed political suicide, Dunaev cannot explain. But Prokhorov himself announced that Surkov, whom the entrepreneur-politician called the "puppeteer," was personally responsible for what happened.

After losing the post of head of the Right Cause party, according to Prokhorov, he has not yet decided whether he will run for president in March 2012. The businessman took a pause to analyze the situation. During this time, he planned to discuss with supporters the creation of a new movement and his further actions.

After the incident with the loss of the party at the end of September 2011, by presidential decree, Prokhorov was expelled from the Presidential Commission on Modernization, headed by Dmitry Medvedev.

Media Business Expansion Attempts

Having acquired RBC, Mikhail Prokhorov pondered how to build a truly serious media business on its basis. At first, he planned to merge the holding with Snob and the Live! Group, But, according to Medusa (May 2016), representatives of both sides dissuaded him from this - both Sergey Lavrukhin and Herman Kaplun. They hardly stopped Prokhorov, as if tastes, from negotiating other purchases in the media market.

"We kept away from this as much as we could," says a source close to the then leadership of RBC. - Prokhorov regularly called Kaplun, and it looked even funny from the outside: yes, Mikhail Dmitrievich, thank you, no, only not "Russian Newsweek '."

Former Chairman of the Board of Directors of RBC Lavrukhin confirms that negotiations with the owners of Russian Newsweek, the German holding company AxelSpringer, were indeed conducted:

"The deal could have taken place. But we looked at the financial condition of the magazine and found no sense. The weekly press was dying in principle, and Newsweek was no exception. "

According to him, in the period 2010-2012, Prokhorov also considered the possibility of combining his publications with the media assets of entrepreneur Alexander Mamut and his group SUP Media (Livejournal and Газета.ру were among the assets at that time). Lavrukhin, on behalf of Prokhorov, also negotiated with the founders of the private television channel Dozhd (began broadcasting in 2010) Natalya Sindeeva and Alexander Vinokurov about a possible merger with RBC, but the parties did not agree. Finally, Prokhorov also looked at the largest private Russian news agency Interfax: on his instructions, ONEXIM investigated the prospects and risks of this transaction. However, the co-owner and general director of Interfax Mikhail Komissar was not interested in this proposal, Lavrukhin says.

Third place in the presidential election in Russia

From September until the beginning of winter 2011, Prokhorov did not appear in public, and on December 12, 2011, a few days after the parliamentary elections, which ended with mass protests in Moscow, the businessman suddenly announced that he would run for president.

"I made a decision, this is probably the most serious decision in my life. I'm going to the presidential election, "he said. Prokhorov called his voter "the middle class in the broadest sense of the word." "I am well aware and aware that some ideas will definitely not receive a majority, but I believe it is my civic duty to bring information, what is happening in the world, what is happening in our country and how to find the very way, which will make our country prosperous and strong, "Prokhorov said, noting that he was not going to build an election struggle on populism
.

A source from the presidential administration tells Medusa that the proposal to participate in the elections to the businessman this time came from Vladimir Putin. He was going for a third term, and he needed a worthy, but not dangerous competitor. Putin, the source says, met with Prokhorov and even identified regions in which he can "work calmly" - millennial cities, including Moscow, St. Petersburg and Yekaterinburg.

In Prokhorov, Putin could be sure. The entrepreneur was personally obliged to him for helping to solve the problem of "divorce" with Potanin. And Prokhorov could not refuse the leader of the country. In addition, according to Medusa, the businessman was hinted that after the election and depending on the results of the campaign, he has a chance to "integrate into the system" by taking the post of mayor of Moscow or receiving a portfolio in the cabinet.

While these negotiations were underway, the actions "For fair elections" in Moscow were gaining strength. On December 24, 2011, Prokhorov towered above the crowd on Academician Sakharov Avenue - it was the most crowded rally in the history of the white tape movement.

"Do
you remain Putin's friend or not?" asked Prokhorov, a pensioner. The businessman hushed up.
"The
people must decide who is good and who is bad," he began to answer, shrugging. - I saw people who sincerely support Putin. But I'm not his supporter. What he's doing, I think is wrong.

For Prokhorov, participation in a public event turned out to be a test that he had to cope with: the entrepreneur parried attacks, tried not to pay attention to the snowballs thrown at him by the Communists. Next to Prokhorov in the crowd were his associates in the "Right Case" - Ural politician Yevgeny Roizman and actor Leonid Yarmolnik. A little behind was NTV host Anton Krasovsky.

Krasovsky was called to Sakharov Avenue by Prokhorov's long-time partner Julian Slashchev. Her company Mikhailov & Partners was engaged in PR support for many of the most important entrepreneurs and government officials, and Prokhorov was one of the largest and most reliable customers (he still works with Mikhailov, although Slashcheva herself is now the general director of STS). Right on the day of the rally on Sakharov Avenue, Prokhorov invited Krasovsky to head his campaign headquarters.

This time, the entrepreneur decided not to leave his "natural image." "Realizing that he is not a politician, we decided that we would bet on his ability to talk to the audience as a businessman," says Medusa'one of the managers of his presidential headquarters. "It worked for Moscow, and in the regions Prokhorov was made the image of the" director of the plant, "which is close to the people. I had to work on it. He learned 30 pages in clean handwriting - how much food costs in different regions. He knew how much a package of milk costs in Krasnoyarsk and how much the same milk costs in Novosibirsk. "

According to Krasovsky, they tried to spread the rich Prokhorov everywhere with money - and this was successful:

"Even producers of commercials who, without thinking, billed a million dollars for a couple of dozen short clips."

Television programs took money from him for appearing on the air, says a source at headquarters; he notes that for no program (with the exception of free broadcast from Vladimir Solovyov) Prokhorov did not pay less than 100 thousand dollars. The businessman didn't bargain.

In the March 2012 elections, Prokhorov took third place after Vladimir Putin and Communist Party leader Gennady Zyuganov, gaining almost 8% of the vote. The best result among liberal politicians before Prokhorov was shown only by Grigory Yavlinsky in the 2000 presidential election - also third place, but only 5.8% of the vote.

The result was arranged by Prokhorov. Soon he began to prepare for the next race, less ambitious, but more real - the early election of the mayor of Moscow, scheduled for September 2013. However, according to sources surrounded by the entrepreneur, the head of the capital, Sergei Sobyanin, achieved a promise in the Kremlin to prevent such a strong opponent from the elections. The interlocutor of Medusa from the presidential administration at the same time denies the participation of Sobyanin in this story. According to him, the Kremlin initially bluffed, giving hope to Prokhorov: "Why did the Kremlin need these cockroaches of Prokhorov's run with Sobyanin? Why do they need Prokhorov in Moscow with their billions? Why shake the structure? "

Prokhorov was promised to arrange problems in the elections, and he, apparently, realized that it was pointless to fight. But the Kremlin allowed opposition leader Alexei Navalny to participate in this race - he took second place, receiving 27.2% of the vote.

However, a little earlier, Prokhorov was still allowed to register his own political project, the Civic Platform party, which appeared in the summer of 2012. Now the entrepreneur no longer needed to deal with either Surkov or Medvedev, and the project was considered "his own."

In three years, the party was able to become the first among non-parliamentary forces in the number of regional elections won. Nevertheless, inconsistency in the management of the party reduced the confidence of the already few liberal voters. So, for example, when Prokhorov refused to participate in the mayoral campaign, he promised to concentrate his forces on the elections to the Moscow City Duma. Nevertheless, he later refused this race.

With the same surprise, Prokhorov disowned the party itself. In March 2015, he demanded that its leader Rifat Shaikhutdinov be expelled from the party (the businessman lost his post in May 2014, two months after the annexation of Crimea to Russia) - due to the participation of the Civil Platform in the ultra-patriotic Anti-Maidan. And the next day he completely left the ranks of the party - and, it seems, finally ended politics.

2012

List of assets

As of 2012, the group's assets included or were managed by[1]:

  • Polyus Gold International (Pole Gold) is a leading gold producer, one of the largest gold mining companies in the world in terms of mineral resource base reserves and production volumes (37.78% of shares);
  • OK Rusal is the world's largest producer of aluminum and alumina (17.02%);
  • UK Intergeo"" - mining and metallurgical company (100%);
  • Quadra (formerly TGK-4) is one of the key enterprises in the power supply system of the European part of Russia (50%);
  • OPIN is a leading Russian investment and development group;
  • Consent is a large insurance company in Russia (91%);
  • Media group Live! - new generation media;
  • RBC is a company consolidating the assets of RBC Information Systems (51%);
  • International Financial Club - universal Russian commercial bank (100%);
  • Renaissance Credit - Russian commercial bank;
  • YO-CAR - the company conducting development of the hybrid car for city needs (51%).

Close the Live! Media Group

The media group "Live!" Was founded in April 2008 by Mikhail Prokhorov and Vladimir Yakovlev. It was planned to create a media holding with a large set of various assets, such as a magazine and a separate site, organization of events, a club, a newspaper, a television channel, children's projects and others. In October 2008, the first project "Live!" Was released - Snob magazine, then a multimedia project on a healthy lifestyle "Live!" (TV channel + site), in February 2009, the weekly newspaper "F5. The Internet as a way of life. "

At the end of 2012, the holding began the restructuring process. As a result of the restructuring, two independent projects remained: Snob and the TV channel Live!. In January 2013, the media group "Live!" Mikhail Prokhorov ceased to exist as a legal entity. Investments in the project amounted to several tens of millions of dollars[1].

2013

Sale "Pole Gold"

Polyus Gold was founded in 2006 during the allocation of gold mining assets of MMC Norilsk Nickel OJSC. The division of the assets of Pole of Gold between Potanin and Prokhorov occurred as follows: Prokhorov retained a 26.8% stake in the company, and Potanin sold his 37% stake in the company to the structures of businessman Suleyman Kerimov.

In September 2008, Polyus Gold OJSC announced negotiations with KazakhGold Group Limited (producing gold in Kazakhstan) in connection with a possible partial offer by the Kazakh company to acquire 50.1% of the issued and issue shares of KazakhGold Group Limited. In the spring of 2010, the Government Commission on Foreign Investments of the Russian Federation approved a reverse takeover, during which, as expected, the KazakhGold registered on the island of Jersey was to acquire the assets of Pole Gold and become the parent company of the group. It was assumed that the Polyus Gold International formed as a result would be listed on the London Stock Exchange, Mikhail Prokhorov and Suleyman Kerimov would receive 73.6% of its shares. The transaction was first planned to be completed in August 2010, but later difficulties arose with the owners of the controlling stake in the KazakhGold - the Asaubaev family, as a result of which its completion was postponed first for a month, and then for a longer period. As a result, it was announced the cancellation of the transaction.

Unable to make a world-class company from Pole of Gold, Mikhail Prokhorov decided to sell it. At the end of February 2013, the deal was closed and stock buyers were announced: they became the structures of State Duma deputy Zelimkhan Mutsoev (acquired 18.5% of Polyus Gold shares for $1.77 billion) and former co-owner of Vimm-Bill-Dann Gavriil Yushvaev (19.28% for $1.846 billion). It is assumed that Prokhorov received $3.6 billion for the asset[1]

Rejection of the development of Yo-auto

Despite the active participation of Mikhail Prokhorov in the political life of the country, he promises in December 2012 to start selling Yo-mobiles[5] of which is being carried out by the ONEXIM group-controlled company Yo-Auto. Previously, she presented in St. Petersburg to Russian consumers the concepts of a crossover, van and sedan. It is noteworthy that cars will be able to use gasoline or methane gas as the main fuel and will be equipped with electric motors. However, statements about the beginning of mass production of domestic-developed hybrids by some observers are perceived as unfeasible, and they consider the whole idea only a spectacular PR move related to the election campaign of the project owner.

File:e mobile.jpg

In April 2014, Mikhail Prokhorov announced that he had decided to abandon the hybrid "E-mobile" project and transferred all technology to the NAMI state institute, and also planned to sell workshops in St. Petersburg. Onexim Investment Director Valery Senko explained the rejection of the project, announced by Prokhorov in 2010 and collected 215,000 pre-orders, a market downturn and a sharp increase in equipment prices. He explained that the weakening of the ruble sharply increased the cost of production, because most of the equipment was supposed to be purchased abroad. The parameters of the project themselves, he said, have changed since 2010. Then his budget could be $450 million. But "several hundred million euros" have already been spent on the research itself. And the decline in demand made the efficiency[1] project "not obvious."]

Refusal to buy Svyaznoy Bank

In 2013, information appeared that Svyaznoy Bank and Oneksim Group would combine assets. It was assumed that Svyaznoy would include Svyaznoy Bank and a network of communication salons, and ONEXIM would include the Consent insurance company and Renaissance Credit Bank and a major player would appear in the financial market. But later it became known that the deal fell through. The reason for the pause in the negotiations on the creation of the holding was the dissatisfaction of the ONEXIM controlled by Mikhail Prokhorov with the current state of one of the assets - Svyaznoy Bank[1].

2015: Increase to 100% share in the Brooklyn Nets Club and Barclays Center Sports Arena

On December 3, 2015, it became known that Mikhail Prokhorov agreed on conditions for increasing his stake in the Brooklyn Nets club, as well as in the Barclays Center sports arena, Bloomberg writes, citing informed sources[6]

The deal is considered by the National Basketball Association (NBA), in the regular season of which is Brooklyn.

By this time, Prokhorov already owns a 45% stake in the Barclays Center and 80% of the basketball club. The remaining shares belong to Forest City, which operates in real estate and is owned by Bruce Ratner.

Earlier it was reported that in general, the Brooklyn Nets is estimated at more than $1 billion, together with the stadium - at $2 billion. Prokhorov five years ago paid about $220 million for the purchase of the team.

2016

Sale of superyacht for €27.5 million

In April 2016, Mikhail Prokhorov sold the 62-meter super yacht Solemar, its price was about €27.5 million.

Pressure from the authorities to buy back RBC

In May 2016, sources from Mikhail Prokhorov's entourage told Medusa that the Russian authorities were putting serious pressure on him: the entrepreneur was forced to sell his RBC holding or change his leadership. According to them, the stronger this pressure, the more indifferent Prokhorov is to the holding, which has become the recognized leader of the media market in Russia. The businessman himself once said that once every eight years he completely changes the sphere of activity. Exactly eight years ago, great changes took place in his life: having shared assets with his former business partner Vladimir Potanin, Prokhorov became interested in politics and media. By 2016, all of Prokhorov's political projects had come to an end; but what will happen to the media belonging to him is still unknown.

In December 2015, journalist Anton Krasovsky came home to Mikhail Prokhorov in Skolkovo for breakfast - they treated him to cheese and sausage. This was their first big meeting since the 2012 presidential campaign - then Krasovsky and Prokhorov spent two months side by side: the businessman participated in the race, and the journalist led his headquarters. This time, the businessman invited Krasovsky just to eat and chat. However, the conversation, Krasovsky recalls, did not glue. Prokhorov enthusiastically talked about his American basketball club Brooklyn Nets, and then showed the journalist a gym. Krasovsky was interested in Prokhorov's fate of the largest independent media holding in Russia RBC. But the businessman answered questions about the possible sale of the company evasively; he looked like a man who didn't care much about the subject.

By that time, there were already rumors on the market that Prokhorov was selling his media assets. However, they began to discuss this publicly only a few months later - on April 14, 2016, when searches were conducted at the headquarters of the entrepreneur's ONEXIM group (investigators also appeared in the offices of his companies Quadra, Renaissance Capital, Renaissance Credit and Consent). The FSB explained what was happening by the investigative actions in the criminal case of the Tauride Bank, which in February 2015 was taken for reorganization by the ONEXIM group. Presidential spokesman Dmitry Peskov noted that the actions of the security forces are in no way related to pressure on RBC; but this statement only spurred rumors about the sale of the holding.

Sources surrounded by Mikhail Prokhorov told Medusa that the businessman has been negotiating the sale of RBC for more than a year. At first, Prokhorov allegedly talked about this with Grigory Berezkin. After Berezkin failed to buy the Russian version of Forbes, he, according to some reports, became interested in RBC and turned to Prokhorov. At the same time, Berezkin insisted on repaying Prokhorov's debt, which he assumed when buying the holding seven years ago; Prokhorov did not agree with this.

Another source of Medusa from Prokhorov's entourage says that the potential buyer of RBC was the co-owner of the Ilim timber group Zakhar Smushkin. According to the source, Smushkin's managers in February 2016 already discussed possible appointments in the holding after the change of ownership.

Both alleged buyers are united, firstly, by a long acquaintance with each other, and secondly, by friendship with Prime Minister Dmitry Medvedev - he worked as a lawyer for Smushkin in the 1990s. The interlocutor of Medusa, close to the leadership of the FSB economic department, confirms: the head of the Russian government Dmitry Medvedev was interested in Prokhorov's deal with Smushkin.

In an interview with Medusa, one of the influential Russian media top managers notes that Smushkin and Prokhorov failed to agree on a price. Prokhorov invested about $80 million in RBC, and also took on 220 million dollars of debts remaining from the former owners. In addition, according to people from Prokhorov's entourage, RBC holding by 2016 "increased its political weight," which should also be taken into account in the price of the asset. At the same time, according to Medusa's interlocutor in the media industry, RBC's market value is now no more than $60 million, and Smushkin was unlikely to be ready to offer significantly more than this amount (it is unknown at what price he insisted on). Be that as it may, negotiations, according to Medusa, ceased after the appearance of investigators in companies owned by Mikhail Prokhorov.

According to Medusa sources in the ONEXIM group, the FSB and Prokhorov's entourage, searches in the entrepreneur's companies were personally authorized by the Russian president. Vladimir Putin was outraged by the publications of the publication dedicated to his family. A source in the leadership of ONEXIM notes that the Kremlin's claims against RBC "grew like a snowball," especially in recent months. Back in 2015, the country's leadership did not like some RBC publications - in particular, the investigation into Putin's alleged daughter Katerina Tikhonova, as well as the text about the business of Putin's alleged son-in-law Kirill Shamalov. And especially in the Kremlin they were annoyed at how actively RBC in 2016 covered the publication of the Panama Archives.

According to two sources close to the leadership of RBC, the "RBC case" is supervised by the head of the newly created Russian Guard, Viktor Zolotov, who is considered a close associate of Vladimir Putin.

Asset Overview

The main assets of Mikhail Prokhorov are concentrated in the Oneksim group created in 2007, whose composition as of April 2016 includes or is under its management:

Vedomosti: Mikhail Prokhorov decided to sell all Russian assets

The ONEXIM group of billionaire Mikhail Prokhorov decided to sell all its Russian assets. This was reported by the newspaper Vedomosti, citing five unnamed sources, including representatives of the group and the person who received the offer to buy. Official comments on this issue ONEXIM does not give[7].

According to Vedomosti, the final decision on the sale of assets was made after searches were conducted at ONEXIM in April. According to rumors, the Kremlin recommended starting the sale. Press Secretary of the President of the Russian Federation Dmitry Peskov, in response to such assumptions, said: "No. It's not. Total stupidity. "

It is noted that representatives of Prokhorov are negotiating the sale to the owner of the Moscow Credit Bank (ICD) Roman Avdeev of the OPIN development group. At the same time, the press service of OPIN did not confirm the fact of negotiations.

In addition, the Renaissance Capital investment bank is being sold, 100% of the shares of which belong to ONEXIM. In addition, there was unofficial talk about the sale of the package at UC Rusal.

In April, Gazeta.Ru became aware that Prokhorov was negotiating the sale of Quadra and RBC[8].

In particular, among the potential buyers of Quadra, according to one of Gazeta.Ru's interlocutors, is Russian billionaire Leonid Mikhelson, and among the possible buyers of RBC - National Media Group (NMG) Yuri Kovalchuk.

Huge losses from investments of the late 2000s

In the late 2000s, the Prokhorov Fund ONEXIM invested about 65 billion rubles in the electric power industry, high technology and sports. Subsequently, finance, chemistry, the media, and the automotive industry were added. The total amount of investments exceeded $5 billion (more than 300 billion rubles). As a result, by mid-2016, all these assets of Prokhorov generated about 47 billion rubles of losses[9].

Sale of 12% of UC Rusal out of 17% for $700 million to Vekselberg and Blavatnik

In October 2016, it became known that Oneksim Mikhail Prokhorov would sell 12% of UC Rusal for $700 million. The package is bought by the co-owner of the company - Sual Partners Viktor Vekselberg and Leonard Blavatnik.

Oneksim began looking for a buyer for a stake in UC Rusal after searches were conducted in the head office of the FSB company in early June 2016.

For about 12% of the available 17% of UC Rusal shares, Oneksim will receive about $700 million, three sources close to different parties to the upcoming transaction said. Thus, the share of Sual Partners will grow from 15.8 to 27.8%. En + Oleg Deripaska at this time controls 48.13% of UC[10]. See UC Rusal for details

Sale of OPIN to Rossium Roman Avdeev

On December 27, 2016 the ONEKSIM group of Mikhail Prokhorov declared closing of the transaction on sale of 90.99% of stocks of the OPIN developer company to the Rossium concern belonging to the main owner Moscow credit a bankaromana Avdeeva. He received the rights to the developer's land bank and all development projects, including the Torpedo stadium reconstruction project in Moscow. The transaction amount is not disclosed. It is possible that Mr. Prokhorov gave most of the assets of OPIN for debts. See OPIN for details.

2017

Message about Putin's meeting with Prokhorov

The president Russia Vladimir Putin will meet with RBC owner Mikhail Prokhorov until May 28. On this May 24, 2017, said. TV channel "Rain"

According to him, the president himself spoke about the upcoming meeting on March 16 during a conversation with the editors-in-chief of the Russian media.

A federal official, on condition of anonymity, confirmed that Putin is scheduled to meet with Prokhorov in the near future. At the same time, he could not say whether the meeting would take place before May 28.

The meeting, as one of its participants told the TV channel, was attended by leaders, including Kommersant, Vedomosti, Nezavisimaya Gazeta and Novaya Gazeta. In addition, according to the channel, there were the general director of RBKNikolay Molybog and the co-head of the joint edition Elizabeth Golikova.

According to the channel, Golikova was interested in Vladimir Putin's fate of the holding, but he evaded the answer, saying only that he would meet with the shareholder.

A source of Rain, close to the management of ONEXIM, said that Prokhorov was going to discuss the terms of sale of RBC. According to him, the businessman needs guarantees that after the sale of the media business he will be able to close other transactions on favorable terms.

According to a source close to the Kremlin, it is impossible to avoid sale. At the same time, a federal official told the channel that the president is not going to talk about RBC, but "about business."

The channel notes that the meeting may be the first for Prokhorov since 2013. Then the businessman spoke at a meeting of the head of state with the leaders of parliamentary parties.

Sale of RBC to Grigory Berezkin

In June 2017, Oneksim Mikhail Prokhorov sold a 65% stake in RBKGrigoriy Berezkin. More details here.

Sale of Snob Magazine

In September 2017, it was announced that the Oneksim group of billionaire Mikhail Prokhorov sold the Snob publication to the general director of Snob Media LLC Marina Gevorkyan.

Onexim said in a statement that the group decided to get rid of media assets as part of its investment strategy. Snob remained the last such asset of Onexim.

Billionaire Prokhorov's accounts froze in Cyprus

The credit institution in which the oligarch kept the money is accused by the US Treasury of involvement in currency laundering and financing the proliferation of weapons[11].

Russian billionaire Mikhail Prokhorov has 23 accounts with the Cypriot bank FBME Bank Ltd., which the US Treasury convicted of conducting dubious operations. In particular, the US agency suspected the credit institution of money laundering, financing the proliferation of weapons, evading sanctions and financing terrorism.

It is noteworthy that all accounts were opened for dummies, writes The Daily Beast, citing a confidential 2014 report from the Central Bank of Cyprus. How much the Russian businessman kept is not specified.

Now, according to the publication, absolutely all bank accounts are frozen. In May, the Central Bank of Cyprus revoked the FBME license, and soon the credit institution will be liquidated.

2019

Funding for The Bell

In February 2019, the Nezygar telegram channel reported that Mikhail Prokhorov was financing The Bell.

Sale of Brooklyn Nets basketball club to Alibaba co-founder

On August 16, 2019, Russian businessman Mikhail Prokhorov  entered into an agreement to sell the Brooklyn Nets basketball club to Chinese entrepreneur Joseph Tsai, who is the co-founder and current vice president of the Alibaba Group. More details here.

2020

Sale of 35.84% of IFC Bank to Tatyana Orlova

In March 2020, it was announced that entrepreneur Mikhail Prokhorov sold a 35.84% stake in International Financial Club (IFC) to Tatyana Orlova. The parties did not name the amount of the transaction.

Prokhorov left 57.6% of IFC (owns directly and through Onexim Holdings Ltd.), another 6.5% of the bank belongs to the wife of Rostec CEO Sergei Chemezov Ekaterina Ignatova. Prokhorov, Ignatova and Orlova are on the board of directors of a credit institution.

Investing in a VR technology developer

On August 17, 2020, a VR technology developer Sensorium announced the attraction of $100 million in total investments over the entire period of its existence. The press release notes that businessman Mikhail Prokhorov became the first investor and helped the company alone. More. here

2022

Sale of Quadra for $337 million of Rosatom State Corporation with a loss of 50%

The reform of the energy industry, conceived and carried out by Anatoly Chubais, at the end of the nines was encouraging. Electricity prices promised to make market prices, so investors rushed to buy up assets. Prokhorov chose one of the best - TGK-4.

This huge structure, which then consisted of 24 power plants, seven heat grid enterprises and 665 boiler houses, provided half of the electricity needs of the European part of Russia. Before the purchase, the company has always shown profit since 2007. In anticipation of further growth in 2009, ONEXIM paid 26 billion rubles for 50.3% of TGK-4 and renamed the enterprise PJSC Quadra.

OJSC Quadra unites 10 former AO-Energo power plants located in the Central Federal District. The company includes 24 power plants and 7 heating network enterprises, 665 boiler houses. Revenue for 2009 - 29.7 billion rubles, net profit - 2.1 billion rubles.

In March 2009, after the purchase of TGC by the ONEXIM group, a new director, Yevgeny Abramov, came to the enterprise. It takes over the economy from the heirs of RAO UES and under it an investment program is being developed to introduce new capacities in 2009-2015, rebranded, the organization was renamed. But at the same time, it fails to meet the deadlines for commissioning new generating capacities, of the eight planned construction projects, only one in 2009 and one in 2010 can be completed. Russian Prime Minister Vladimir Putin during a working trip to the USGS called the work of TGK-4 on the development of the country's energy the weakest of all generating companies.

Quadra's profit continued to decline from year to year. Net loss of OAO Quadra for 2013 increased 1.92 times to RUB 1.19 billion from RUB 619.51 million for the same period of the previous year. All this led to the fact that as of February 2014, the Quadra company was worth 3.9 billion rubles on the stock exchange. In 2008, Oneksim acquired a 50.3% stake in the company for 26 billion rubles. By April 2014, information had already appeared on the market that Oneksim could sell its stake in Quadra to French EDF and Inter RAO[1].

"TGK-4 had a plan to spend the billions received on the construction of new facilities and by selling additional capacity at high prices to block losses from the production of thermal energy," said Alexander Kornilov, Aton senior analyst for the oil and gas sector and electric power in 2016
.

Construction, however, was slow, electricity prices did not become completely market prices, and the regulation of heat tariffs is still archaic.

"As a result, Quadra has been causing losses to ONEXIM for several years. Not only did the investor receive a unprofitable company, so the stake fell almost ten times and now costs 2.3 billion rubles, "summarizes[12], vice president of Smart Consulting Group (SCG)[12]
.

In January 2022, Mikhail Prokhorov sold 82.47% of Quadra's shares to Rosatom. This is one of his last large industrial assets.

Prokhorov bought it in 2008 for $700 million, and in 2022 he was able to sell it to Rosatom for $337 million. The company has been generating losses all these years.

About 20 power plants and 317 boiler houses will go to the state corporation.

Filing documents for Israeli citizenship

In April 2022, it became known that Mikhail Prokhorov received Israeli citizenship. According to Ynet, Prokhorov arrived in Israel by private plane from Switzerland and has since submitted all the necessary documents to become a citizen in accordance with the law on repatriation.

Prokhorov was not sanctioned by the United States, the EU or the UK against the backdrop of Russia's special operation in Ukraine.

Mikhail Prokhorov Foundation

Since 2004, Mikhail Prokhorov has been the founder of the Mikhail Prokhorov Charitable Foundation, co-founded and led by his sister Irina Dmitrievna Prokhorova. The Foundation supports cultural, educational and scientific initiatives. The Mikhail Prokhorov Foundation sees its mission in order, on the one hand, to systematically support the culture of the Russian regions, increasing the intellectual level and creative potential of local communities, on the other hand, to promote the integration of Russian modern culture into the global cultural space.

Awards

  • 2004 - Order of the Holy Prince Daniel of Moscow II degree (ROC)
  • 2006 - Order of Friendship for contribution to the development of the economic potential of Russia

Family

His sister is literary critic Irina Dmitrievna Prokhorova, editor and publisher of the magazine "New Literary Review."

Links

Notes