The management of the Acron group of companies is intensively engaged in the search for foreign partners, and first of all banks, to finance the construction of the Talitsky Ore Mining and Processing Enterprise (Talitsky GOK) in the Perm region. According to Akron, until this problem is resolved positively, the active implementation of the project will again be postponed. Previously, negotiations on this topic were conducted with Russian banks, BTB and Sberbank. In addition, the possible sale of shares in the project to Indian, Chinese and Arab investors was discussed.
The positive result was not achieved. Now the feet of the managers of Akron and, above all, its main owner Vyacheslav Kantor turned to foreign countries. The cost of the project is estimated at 1 billion dollars. The history with the construction of Talitsky GOK already reminds of a long-standing epic. Akron won the right to develop the Talitsky section of the Verkhnekamskoye potassium-magnesium salt deposit almost 10 years ago, in 2008. To do this, even the Verkhnekamsk Potash Company (VKK) LLC was established. The right to develop the site went to Kantor for 16.8 billion rubles, but at that time, potassium was worth $ 500 per ton, now - $ 200.
The goal of the project was also to eliminate the monopoly on the extraction and production of potassium salt from Uralkali. Vyacheslav Kantor and the company promised that the new GOK will be able to process 7.45 million tons of ore per year in 2 million tons of potassium chloride. The total investment in the project was estimated at $ 2.7 billion (including the cost of the license). According to the plan, the GOK was to be commissioned last year. Now dates are called until 2021. But the matter immediately stalled. Work in their active phase was hampered by a chronic shortage of money. When, after so much time on the site of the project, the horse did not lie too, the market participants asked why Vyacheslav Kantor, who owns the license for development of the Talitsky deposit, has not yet lost this license.
But the first calls about the fact that in the firm of Cantor is far from all rosy, the banks have also made it clear that the businessman so relied on (and still expects) to help. So the aforementioned VTB intends to sell 20 percent of the shares of the Verkhnekamsk potash company, which were in the lien of the credit structure. Akron under the terms of the contract had the right of repurchase. Had, but, most likely, he could not. Sberbank also claims the same thing, which today has the same number of securities of the potash campaign.
If this is the case, then Vyacheslav Kantor may lose control of the company, which, in fact, was created for a project that seems to be turning for the owner of Akron into a utopia.
Is not everything clean in Akron?
In the Russian business, Vyacheslav Kantor is one of the guardians. I started it in the 90s of the last century. Then he somehow managed to acquire the ownership of the company Azot. Acquire a ridiculous price of 200 thousand dollars. As it was possible, till now anybody plainly can not explain. After all, only the annual revenue of the plant in a dollar equivalent exceeds a billion! Also, it is unlikely that anyone will talk about how Cantor managed to get the deal done when setting up a joint venture with the Norwegian company Nordic Rus Holding.
After the joint venture was officially established, it turned out that Acron owns the controlling stake. Further, Cantor succeeded in crushing Dorogobuzh, Akronit, Novpromgaz and 8% of Silvinit, the main supplier of potash raw materials to Acron, a 20% stake in Roskhimterminal, which built the chemical terminal in port of Ust-Luga, and even 7.73% of shares of the Murmansk "Apatite". By the way, just the other day, the mentioned Dorogobuzh LLC announced that it is announcing the so-called delisting, that is, it is putting out the sale of its shares from exchange trades. Analysts attribute this decision to the lack of liquidity of securities.
As they say, Kantor was able to get all these assets thanks to the protection of the then member of the Federation Council from the Novgorod region, Mikhail Prusak. In my opinion, due to the powerful lobby in power circles, Akron managed to buy a Moscow stud farm located in the most prestigious location on the Rublevo-Uspenskoe highway. Moreover, the state share owned by the stud farm was somehow completely free for Cantor!
In general, Kantor managed to get the most prestigious assets in his hands. Then his businesses turned over good money. Only this was felt only by the owner himself, but not by his wage-workers. A few years ago, Acron stopped indexing wages at its enterprises. The trade union organization began to defend its rights, then the employees of the security service of JSC Acron, as the participants recall, began to exert serious pressure on the union. The work of the security services is or not, but the trade union leader of the chemical combine, Sergei Yan, got into a car accident and survived only miraculously.
Have you cut dividends?
One of the latest news about Vyacheslav Kantor and his was the information that the Board of Directors of Acron recommended to shareholders at an extraordinary meeting on September 8 to approve the payment of interim dividends in the amount of 9.5 billion rubles. from the retained earnings of past years. In this case, no record of the work done for 6 months, the management of Akron has not yet been published. And, according to the Charter, companies, dividends must be at least 30 percent of net profit.
In this regard, I remembered another situation with the payment of dividends. Several years ago, their total amount exceeded 6 billion rubles. All would be nothing, only it turned out to be more than 20 percent higher than the officially received profit. Cantor turned on the printing press? Or, for example, not paid tax deductions to the budget? But this money could well come in handy for Akron to finally enter the active phase of development of the same Talitsky deposit. However, as it is already clear, Vyacheslav Kantor does not really like to give money for production needs. If, of course, he does not show aerobatics and does not beat money from foreign banks. And that in fact not for long to become bankrupt. If this procedure someone does not start from the outside. And those, it seems, there is not enough.