Stavropolenergosbyt
Russia
South Federal District of the Russian Federation
North Caucasus Federal District of the Russian Federation
Stavropol
Owners:
Federal Agency for State Property Management (Federal Property Management Agency) - 72,3%
Content |
Owners
History
2025: Nationalization
In July 2025, the court satisfied the claim of the Prosecutor General's Office of the Russian Federation on the circulation of securities of an energy company to the state. As a result, the Federal Property Management Agency received about 72.3% of the voting shares of Stavropolenergosbyt PJSC into direct management.
The anti-corruption statement of claim was sent by the Prosecutor General's Office to the Cheryomushkinsky District Court of Moscow in June 2025. The subject of the lawsuit was the appeal to state ownership of shares belonging to the ex-head of the "Interregional Network Company of the North Caucasus" Magomed Kaitov. The agency demanded to withdraw stakes in Stavropolenergosbyt, Stavropol City Electric Networks, Gorelektroset and Kislovodsk City Electric Networks with a total estimated value of 14.3 billion rubles. The basis for the claim was the position of the prosecution on the acquisition of assets with funds received by corruption. In July 2025, the court upheld the requirements of the supervisory authority.
By the end of August 2025, the court is considering a petition to cancel interim measures, where Stavropolenergosbyt also appears in the list of interested parties. A hearing in this case is scheduled for September 29, 2025. According to Interfax, Magomed Kaitov is on the international wanted list by the end of August 2025. He was accused of organizing a criminal community and fraud.
The court admitted that Magomed Kaitov, being the head of the Moscow TIME of the North Caucasus, appropriated 4.3 billion rubles of budget funds, for which he acquired a controlling stake in Stavropolenergosbyt through dummies.
Stavropolenergosbyt is the largest electricity supplier in the Stavropol Territory, controlling over 50% of the regional electricity market.[1]
Notes
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