The Prosecutor General’s Office of the Russian Federation rejected the claim regarding the buyback of Sibeco shares from the company Kuzbassenergo, controlled by billionaire Andrei Melnichenko.
“JSC Kuzbassenergo and the Prosecutor General’s Office reached an agreement on the disputed asset and agreed to resolve the situation regarding the shares of Sibeko JSC,” the statement said.
According to the results, it is stated that the parties refused to consider the case further in court.
The financial resources determined by JSC Kuzbassenergo within the scope of the agreement are for social assistance purposes in the field of education and enlightenment of children.
It was announced that the controversial shares of Sibeko belong to former Open Government Minister Mikhail Abyzov.
September 8, Arbitration Court of the Perm Region decided To recover the shares of Metafrax Chemicals JSC from someone else’s illegal possession in favor of the state. Thus, in the interests of the Russian Federation, the claim of the Deputy Prosecutor General of Russia was met.
Previously in Russia offered Privatize in favor of retirees.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.