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2022: The son of the former Minister of Foreign Affairs of Uzbekistan is the new co-owner of the UMMC
On July 7, 2023, it became known that Daniyar Kamilov, the son of the former Minister of Foreign Affairs of Uzbekistan Abdulaziz Kamilov, became the beneficial owner of the Ural Mining and Metallurgical Company (UMMC).
UMMC, founded by a billionaire Iskander Makhmudov with partners, announced changes in the corporate structure in mid-March 2022. Then it was said that I.K. Makhmudov and A.R. Bokarev ceased to be controlling beneficiaries of UMMC OJSC, UK JSC, Kuzbassrazrezugol Vostochny Port JSC, JSC, Rosterminalugol and also resigned from the boards of directors of these companies. And in July 2022, he left the post of general director of UMMC. Andrey Kozitsyn It was reported that the decision "was made in connection with the possible imposition of personal sanctions by foreign states in the future and is aimed at excluding the possible indirect application of sanctions against UMMC group companies."
According to Forbes, until 2022, Makhmudov, Kozitsyn and Bokarev controlled the Cypriot company Selmareco Limited, which owned 85% of the shares of UMMC. Another 7.5% each belonged to Igor Kudryashkin and Eduard Chukhlebov. However, the report for 2022 states that the co-owner of UMMC is Daniyar Kamilov. He worked as the first vice president of Gazprombank and served on the boards of directors of the OMZ machine-building holding owned by the bank and its subsidiaries.
In addition, it is reported that the owner of 85% of the shares of UMMC instead of the Cypriot Selmareco Limited was the Russian JSC BusinessGlobus. This structure is registered in the industrial zone in the east of Moscow. The UMMC report also states that Daniyar Kamilov, as of December 31, 2022, was a member of the company's board of directors. Plus, he became a junior partner of Iskander Makhmudov and Andrei Bokarev in other businesses[1]
Notes
- ↑ The son of the former Foreign Minister of Uzbekistan became the new beneficial owner of the UMMC
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