GESHEFT
Why Prokhorov sells assets
GESHEFT – business case business; a profitable business (usually with a touch of disapprovingly or ironically).
Modern dictionary of Russian language Ephraim
Expert assessment:
Mikhail Delyagin, Anatoly Wasserman
The group “ONEXIM” Mikhail Prokhorov is selling all assets belonging to it. On Monday, July 4, write “Vedomosti”, citing sources in the structures group and the people receiving the offer of purchase of certain assets.
ONEXIM owns assets in the mining and metallurgical industry (UC Rusal, Uralkali), Finance (insurance company “Consent”, the Bank “Renaissance capital”, “Renaissance credit”, IFC), energy (“Quadra”), real estate (OPIN), media (RBC, “Snob”). The largest 20% of Uralkali and of 17.02% UC Rusal.
In Aprelev main office Oneksima, and also in the offices of Renaissance Capital, Renaissance Loan”, “Consent”, “Quadras” and IFC were searched.
Now, it is reported, Prokhorov’s representatives are negotiating the sale to the owner of the Moscow credit Bank (IBC) Roman Avdeev development group OPIN (“ONEXIM” owns 83.8% of the shares). “Renaissance capital” (“ONEXIM” 100%) is also sold, told the newspaper one of the investment bankers. Conducted informal conversations and on the sale of shares in UC Rusal.
A representative of ONEXIM, declined to comment. In the RBC holding also not comment.
Earlier some media reported that ONEXIM group, RBC supervising, negotiating the sale of this media company. May 13, RBC left the editor-in-chief Elizaveta Osetinskaya, editor of information Agency RBC Roman badanin and chief editor of RBC Maxim Solyus.
The state of health of Mikhail Prokhorov in the current year is estimated at $7.6 billion in Addition to the group “ONEXIM” he owns 100% of the basketball club Brooklyn Nets.
After the news that the businessman plans to sell all of its assets in Russia, on the Moscow exchange expensive shares in the owned companies.
For example, shares of the media holding RBC on the maximum rose to 6.23 RUB over the paper. As of 12:15 GMT they were trading at RUB of 5.73, which was 14.27% above its opening price. Shares “Quadras” grew by 4.44%, to RUB 0,00259 Shares of Uralkali rose only slightly, by 0.45%, to RUB to 117.8 per share as of 12:20 GMT.
Fig. Vladimir Lyubarov
Expert assessment:
Mikhail Delyagin
On the one hand, of course, the current selling is the result of economic difficulties Prokhorov.
And quite possibly it is the result of some personal research, maybe spiritual crises. His public work was the fact that he last time he took, I think, between modern politics and modern art, and in the end were not chosen. Indeed, now is the best time to sell Russian assets, because the ruble for a time strengthened, and by the end of autumn it will probably be much cheaper. Maybe Prokhorov has decided to deal with personal matters. To say that the government it was no pressure – I can’t, the state wouldn’t.
Regarding the growth in the cost of the assets after the announcement of the sale. Maybe someone started buying, were dumped on the stock exchange. One thing, you have 10%, when you know that there is a host, and quite another thing when you have 10%, and then maybe the owner will sell you. So there are new opportunities. Maybe Prokhorov himself is presale to sell at a higher price. He is in the market with respect the man is quite competent.
Speaking about the future Prokhorov. Prokhorov is a bright and original man, who is the star of the glamour and employs a number of journalists who write about the “stars”.
And as he certainly continues to arouse the interest of a particular audience. In my opinion, Prokhorov and took in the rest of the qualities. Even different kinds of enthusiasts and crooks occasionally will dilute it to tens of millions of dollars that won’t inflict significant damage, but will deliver a lot of joy to these enthusiasts and scammers.
Anatoly Wasserman
Mikhail Prokhorov is best known that on the eve of the crisis in 2008, he sold a significant portion of its assets, as they say – left in the cache. Accordingly, the price of the asset shortly after the sale has dropped significantly in response to the crisis and declining demand for their products.
Prokhorov attributed to high business sense.
But probably, he sold the assets in virtue of the fact that by that time it was not able to manage them, because not the first year demonstrated a complete lack of management skills.
So parted at this point. They are a great scandal divided the assets that once belonged to them jointly.
Potanin considered that much better to lose the division and lose in the efficiency of use of assets, because these assets are much better worked when interacted among themselves, than to lose all the time because of the incompetence of partner.
Subsequently Prokhorov bought some new assets.
In particular, he bought the Agency “RosBusinessConsulting”, and it is quite soon lost credibility as he was forced to protect business interests, often to hide inconvenient information, or to interpret events in a favorable spirit.
‘ve been saying for months that Prokhorov sells RBC because of the fact that under his leadership, the Agency lost its credibility, and hence value.
I think that the current sale of assets, most likely, is connected not with the fact that again there comes a crisis and Prokhorov wants to get to the cache, and the fact that he finally lost faith in his managerial abilities and wants to sell all the efficiency of which depends on his managerial abilities. Rather, the essence of Prokhorovka “deal” that he will invest the money in some funds that will not be managed, and thereby have more or less stable income, independent of its well-known and proven managerial incompetence.
Prokhorov’s political activity is quite conventional. Let me remind you that the previous party “Right cause” he overcame: he so wasn’t following her work that a few members of the leadership managed to hold a meeting at which the party was taken out of his control.
The leadership of the “Civic platform”, he gave his sister. Irina Prokhorova, in my opinion, even less a Manager than Michael, and zaideologizirovany on his head. I happened to watch the transfer of “value System” that she was on the TV channel “RBC”, as far as I understand, its system of values is in principle not compatible with real life. Therefore, the efficiency of management of the Civil platform slightly higher than the efficiency of management of business assets owned by Prokhorov.
Probably Prokhorov would still try somewhere to go. May again pick up in the capital, some notable voices, but the country had no chance and never will.
And it is very good because such Director for any significant public office is a disaster. Kasparov, Kasyanov and others he won’t go – it’s too controversial and he does not like scandals, after one time in Courchevel was not just a scandal, and the scandal that accompanied his detention for some time
