AFK Sistema will appeal against the decision of the court to recover almost 136.3 billion rubles in favor of Rosneft. But in the event of a final loss, it will have to pay. Does the company of billionaire Vladimir Yevtushenkov have such money?
AFK Sistema must pay Rosneft 136 billion rubles. The court's decision has a fateful negative impact on the Russian economy, Sistema believes.
The company considers illegal the decision to arrest its property at a claim of 170 billion rubles.
The company explained the impossibility of fulfilling credit obligations worth 3.9 billion rubles by seizure of assets by decision of the Arbitration Court of Bashkortostan.
The representative of Rosneft, in turn, believes that the fall in AFK shares is due to the manipulation of the Sistema itself, and not to the progress of the lawsuit filed by the oil company.
"Sistema" asks the Prosecutor General to verify the legality of the actions of the bailiff, who has forbidden the company to receive income on the arrested shares, and Igor Sechin expects from Sistema specific proposals on the settlement agreement.
Geopolitics, corporate conflicts and a drop in oil prices have led to an outflow of capital from Russia.
Could the Russian oligarch Vladimir Petrovich Yevtushenkov be behind the attack of the Petya virus?
To please Rosneft, the court is ready for atypical decisions on MTS.
Shares of the operator become cheaper during the trials of AFK and Rosneft.
Vladimir Yevtushenkov vainly believes that in a dispute with the oil company, "the reason will triumph."
The representatives of Sistema have not yet disclosed the details of the proposal. Following the news about a possible settlement of the dispute, the company's shares finished trading by almost 8% up.
The prosecutor's office left Bashneft managers without stock options and bonuses: probably, the received shares and money will have to be returned.
The amount of claims of Igor Sechin to Vladimir Yevtushenkov reached almost $3 billion. Apparently, this is the beginning of the end of business of the "Luzhkov's oligarch" in Russia.
Now the company of Igor Sechin demands not 106.6, but 170.6 billion rubles from Vladimir Yevtushenkov's entity.
Sberbank and Rashnikova company invested 2 billion rubles in the venture capital fund of the AFC "System".
Neither party might have a control stake in the joint venture, and Sistema wants to manage it.
The billionaire intends to achieve a doubling of the company's performance indicators and then to conduct an initial public offering of securities.
Rostec and AFK Sistema to discuss the creation of a new holding company: the Russian microelectronics industry is waiting for a mega deal.
The family of ex-head of Russian Railways quickly gets rid of Russian assets
Rosneft will buy Bashneft using a sly scheme.
All the building materials for the construction of the Kerch bridge are purchased through intermediaries, which increases their value three times, said Dmitry Kozak during the meeting of the State Council on the construction.
His "Sistema Mass-Media" will invest in technological projects, and gradually sell media assets.
According to the information of an outlet called Resource Federation, the last scandal with fascist toy soldiers in the Central Children's Store on Lubyanka may have been allegedly stirred by the entities close to oligarch Vladimir Yevtushenkov.
The owner of AFK Sistema was released from house arrest, having given up Bashneft to thestate. The billionaire had made his bet on a wrong politician.
On Thursday, the Moscow Arbitration Court decided to transfer 81.67% of the shares "Bashneft", the sixth largest oil company in Russia, to the state.
The Moscow City Court entrusted the resolution of this issue to the Basmanny Court.
Vladimir Yevtushenkov put under house arrest had helped to legalize Bashneft stolen from the state, according to investigators.