MOSCOW, July 4 (RAPSI) – Mikhail Prokhorov, the 7th on the Russian Forbes list, is allegedly holding talks aimed at the sale of his Russian assets, Vedomosti newspaper reported on Monday.
Prokhorov, 51, is seeking buyers for his assets via his core ONEXIM Group. The rush in selling has been caused by April Federal Security Service (FSB) raids on ONEXIM headquarters, investment bank Renaissance-Capital, consumer lender Renaissance-Credit, insurance company Soglasiye and power utility Quadra, all controlled by Prokhorov, over alleged tax offences, according to undisclosed sources Vedomosti is citing.
Nevertheless, a number of ONEXIM assets have been on sale for some years now. Thus, Quadra was offered to prospective buyers two years ago, whereas Soglasiye and Renaissance-Credit have been on sale for several years. A year ago it was revealed that ONEXIM was ready to pull out potash producer Uralkali.
Last Friday it became clear that Prokhorov’s representatives are engaged in talks on selling real estate holding OPIN to Roman Avdeyev, the owner of the Moscow Credit Bank. Some sources allege that ONEXIM is also seeking to get rid of its media assets, including RBC media holding and Snob online magazine.
None of the official representatives of companies allegedly involved in talks agreed to comment on the news.
This year Forbes evaluates Prokhorov’s fortune at $7.6 billion while in 2011 it amounted to $15 billion. His core ONEXIM Group business was established in 2007 as a result of an agreement with Prokhorov’s former partner, another prominent Russian businessman Vladimir Potanin.