12 Jul 2013 14:50

Dmitry Gorelov no longer a Bank Rossiya shareholder

MOSCOW. July 12 (Interfax) - Dmitry Gorelov is no longer a major shareholder Bank Rossiya.

Gorelov is not on an updated list of persons with stakes of 1% or more influencing decisions by the bank's governing bodies, which the bank published on July 12, 2013.

Gorelov owned 10.5% voting shares in the bank, as did Nikolai Shamilov. The bank said in June that Yury Kovalchuk had increased his voting stake to 40.8% from 30.3%. Based on earlier disclosures, Kovalchuk probably acquired Gorelov's stake. The bank reported in May that Gorelov had removed his stake from the trust management of ABR Management, which had managed the stakes of all three of Rossiya's major private shareholders. At the bank's annual general meeting in June, Gorelov was not elected to the board of directors for the first time since 2005.

Business daily Vedomosti, citing sources, reported a year ago that serious differences had arisen between Gorelov and Shamalov.

Bank Rossiya was Russia's 22nd largest lender by assets at the end of the first quarter of 2013, according to the Interfax-100 ranking of the country's lenders.

Gazprom Gazoraspredeleniye holds 12.27% of shares in the St. Petersburg-based bank and two other divisions of Gazprom Mezhregiongaz hold 2.27% and 1.18% respectively. Gazprom Gazoraspredeleniye acquired the stake as a result of the merger between Rossiya and Gazenergoprombank in 2010.

Gennady Timchenko's Transoil CIS owns 7.97%, and steel billionaire Alexei Mordashov controls 5.98% through Severgroup. Surgutneftegas holds preferred shares in the bank (5.5% of issued shares).

Other shareholders include the cellist Sergei Roldugin (3.3% votes), Mikhail Shelomov (via LLC Aktsept, 3.2%), Svetlana Krivonogikh (via LLC Relaks, 3.03%) and Nonprofit Partnership Business Initiatives Support, members of which include Yury and Tatyana Kovalchuk (2.56%).