Control of Metalloinvest transferred to new holding owned by Usmanov, partners
MOSCOW. July 31 (Interfax) - Control of Metalloinvest, a major Russian mining and steel company, has officially been transferred to a new Russian holding company owned by Alisher Usmanov and his business partners.
Their USM Holdings announced last week that its owners were transferring core assets to Russia-based USM Holding Company LLC, which was registered this year. Documents on the transfer of 100% of shares in companies that own 100% of JSC Metalloinvest Holding Company and 56.32% of mobile provider MegaFon have already been signed, USM said on July 25.
USM Holding Company LLC became the sole owner of USM Metalloinvest LLC, which wholly owns Metalloinvest Holding Company, on Friday, data from the SPARK-Interfax system show.
Usmanov owns 49% of the new holding company, and Vladimir Skoch, the father of Usmanov's long-time partner Andrei Skoch, holds 30%. USM head Ivan Streshinsky owns 3% directly, and four other stakes are held by companies in offshore jurisdictions: Cyprus-based Somelior Holding, which is controlled by Farhad Moshiri, with 8%, Meresol Investments with 4.9% and Dalenior Investments with 4.1%, as well as Prestige Properties Assets from the British Virgin Islands with 1%.
Metalloinvest includes iron ore miners Mikhailovsky GOK, Lebedinsky GOK, Oskol Electrometallurgical Plant and Ural Steel.