Page 14 - bneMag February 2021_20210202
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    14 I Companies & Markets bne February 2021
  VTB Bank, which had owned 20% of the shares of Channel One since 2019 but at the end of September 2020 sold this stake to an unknown buyer (the new legal status
of JSCs allows them not to disclose shareholders with such a stake) may become a new conditionally non-state shareholder. A bank representative told RBC that he
was "considering such an opportunity" without disclosing other details.
Now 38.9% of the shares of Channel One belong to the Federal Property Management Agency, another 9.1% of the shares are held by FSUE ITAR-TASS, and 3% by FSUE Ostankino.
The largest private shareholder of the channel is Yuri Kovalchuk's National Media Group with 29%. Another 20% is owned by an unknown buyer, who bought shares from VTB in September. This 49% is the former stake of Roman Abramovich, which he bought from Boris Berezovsky in 2001 and sold off in parts in 2010 and 2018-2019.
How much the share of the state will decrease depends on the interpretation of the text of Putin's decree. It talks about "the preservation of the RF share in the authorised capital <...of at least 34% of votes at the general meeting of shareholders."
Russian petrochemical giant Sibur closes $11bn joint venture deal to build Amur Gas Chemical plant with China’s Sinopec
Ben Aris in Berlin
Russia’s leading petrochemicals company and one of the most rapidly growing petrochemicals businesses globally, Sibur Holding, and China Petroleum & Chemical Corporation (Sinopec), China’s leading energy and chemical company, have closed a $11bn deal to set up a joint venture at the Amur Gas Chemical Complex (Amur GCC) after obtaining all the necessary approvals from the regulators of both countries, Sibur announced in a press release on December 28.
The long discussed project has been in the works for years and follows on from the completion of the ZapSibNeftekhim petrochemical complex (ZapSib) in 2020, another major
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Rosimushchestvo under the “share of the Russian Federation” always means the direct share of the state – that is, in the case of Channel One, 38.9%.
That means there may be an additional issue of 12.8%, and with a proportional decrease in the share of FSUEs, the effective share of the state would fall to 44.6%. If we are talking about reducing both direct and indirect state shares from 51% to 34%, the size of the additional issue will already be 30%.
The existing private shareholders – NMG with 29% and the anonymous owner with 20% – will either have to buy out all or part of the additional issue, or their stake will be diluted proportionally. The composition of non-state shareholders and the size of shares of all shareholders of the joint stock company will be determined by the government within three months, according to Putin's decree.
“Whoever becomes the new investor of Channel One, the main thing on his agenda will be determined in the same place where it was determined – in the Kremlin. But the fact that Vladimir Putin, who in 2001 was indignant that Boris Berezovsky owns only 49% of the channel, and manages it as his own, is now going to work in the same way himself, there is a great deal of irony,” The Bell said.
   Russia's Sibur petrochemical giant has closed a deal to build the Amur Gas Chemical plant with China's Sinopec that will target the Asian polymer market
expansion of the company’s production capacity that was profiled by bne IntelliNews in “Plastics in the snow” in 2018.
Sibur and Sinopec signed off on a provisional agreement to build the Amur Gas Chemical complex in June 2019, as bne IntelliNews reported at the time at a signing ceremony attended by President of the People's Republic of China Xi Jinping
and Russian President Vladimir Putin at the St Petersburg International Economic Forum (SPIEF) investment forum.
“The partnership will allow the parties to tap into shared expertise and experience to maximise efficiency of new large-














































































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