Possible proof of Russian oligarch's companies being 'renationalized'

[c1ue]

Original mention:

http://biznes.onet.pl/7,1899952,wiadomosci.html

More indications

http://www.bu.edu/phpbin/news-cms/ne...t=732&id=52212

There are even indications that the oligarchs, even those famously at odds, are uniting at the request of the state, in the person of Deputy Prime Minister Igor Sechin, to form a mega metals and mining concern, what one analyst termed an "iron and steel "collective farm"" meant to help stave off international competition. (6)

The deal to create the company, which would be managed by Putin's close associate, Sergei Chemezov, under his Russian Technologies umbrella, has been sent to Sechin for approval, although it seems unlikely that the idea did not either germinate with Sechin or at least win his preliminary approval before becoming public. Among those involved in the plan are Vladimir Potanin and Oleg Deripaska (Norilsk Nickel), Igor Zyuzin (Mechel), Roman Abramovich and Alexander Abramov (Evraz Group), and Dmitri Rybolovlev (Uralkali). (7)

The deal would give the state, via Russian Technologies, a "25% plus one share in the unified holding company," and given the amount of debt via state loans several of the individuals involved have accumulated, the deal is a form of "debt for shares" that stands the 1990s "loans for share" scheme on its head. (8)

[Prazak]

Re: Possible proof of Russian oligarch's companies being 'renationalized'

Interesting pieces, c1ue. Thanks for posting. I'm hearing similar rumblings from business associates there. Makes perfect sense, Sechin would obviously be executing it, and it would certainly be at Putin's direction.

Not hearing how this is playing out among the mining-metals-media oligarchs in Ukraine. Hoping to get caught up in meetings next month. Anyone hearing anything?