Mikhail Prokhorov, occupying 14-e a place in the Russian list of billionaires, according to Forbes completes the sale of all key assets in Russia, the newspaper “Vedomosti”. According to the newspaper, Prokhorov agreed to sell its stake in aluminum giant UC Rusal Viktor Vekselberg and Leonard Blavatnik.

Of the 17% stake Prokhorov, Vekselberg and Blavatnik will receive 12%, paying $ 700 million. Their share will increase to 27.8%. The deal is expected to be closed in November.

Last summer, Prokhorov sold his main asset in Russia is 20% of the shares of the world’s largest fertiliser producer Uralkali and began negotiating the sale of the investment Bank “Renaissance capital” Chinese Fosun International.

Getting rid of more of the shares of Rusal, Prokhorov will formally become an American billionaire and not a Russian: in the USA he owns the Nets basketball club and sports arena Barclays Center, in addition, his companies have lease contracts of several sports and entertainment venues.

According to Bloomberg, the value of the assets of Prokhorov in new York is $ 2.2 billion. The value of Russian assets after a deal with Blavatnik and Vekselberg will drop to $ 1.6 billion. In addition, Prokhorov about 5.7 billion dollars cash.

To accelerate the sale of property Prokhorov in Russia has affected the searches in the office of his ONEXIM group held on 14 April, the newspaper said. Shortly after the visit of employees of FSB Prokhorov changed the management of the owned media holding RBC, and began bargaining activity to find buyers for their shares.

In July, Vedomosti wrote that the billionaire decided to get rid of the business completely. Officially in “Oneksima” total sale is not confirmed, saying that he will remain at least the Bank’s assets.

Vedomosti: Prokhorov completes sale of key assets in Russia 27.10.2016

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