11 June 2008, 11:39

Senator from Dagestan Suleiman Kerimov sells his assets in Russia

Billionaire and senator from Dagestan Suleiman Kerimov has sold huge stock packages in Russian Savings Bank ("Sberbank") and "Gazprom", and after selling out other assets, he will have practically no investments in Russia left. The businessman invests the obtained funds into foreign financial institutions - he has already bought about 3 percent in Deutsche Bank and securities of Morgan Stanley, Credit Suisse and UBS.

However, the Deutsche Bank would not officially confirm the purchase of its shares by Suleiman Kerimov. In an interview to the RIA "Novosti", the spokesman of the Bank said that under the laws of Germany any purchase of more than three percent in the stock of any company shall become public.

Meanwhile, the "Kommersant" wrote, with reference to its sources in investment banks in management companies, and sources close to the "Nafta-Moskva" company in charge of managing Suleiman Kerimov's assets that the structures under Kerimov's control have been actively selling "Sberbank" and "Gazprom" shares for a couple of recent months.

"They kept selling gradually these January-February," the board chairman of one of major banks said. Under unofficial data, the "Nafta-Moskva" held 4.5 percent in "Gazprom" (as of start of this year, the package was worth USD 15.37 billion) and 6 percent in "Sberbank" (USD 5.4 billion by the start of this year).
Apart from selling out "Gazprom" and "Sberbank" stocks, the structures controlled by Suleiman Kerimov have sold or negotiate to sell other businessman's Russian asserts.

All news
НАСТОЯЩИЙ МАТЕРИАЛ (ИНФОРМАЦИЯ) ПРОИЗВЕДЕН И РАСПРОСТРАНЕН ИНОСТРАННЫМ АГЕНТОМ ООО “МЕМО”, ЛИБО КАСАЕТСЯ ДЕЯТЕЛЬНОСТИ ИНОСТРАННОГО АГЕНТА ООО “МЕМО”.

November 04, 2024 21:50

November 04, 2024 20:49

  • MIA announces publicist Boris Stomakhin wanted

    Boris Stomakhin, a publicist, who has served prison terms for publications about the terror acts in Volgograd and the armed conflict in Chechnya, has been declared wanted. The RIA "Novosti", citing a source, has reported that Stomakhin is a figurant in a criminal case for spreading fake news about the Russian Army in connection with his posts in social networks.

November 03, 2024 21:30

November 03, 2024 18:18

  • Court slightly reduces sentences of Gadjiev, Rizvanov, and Tambiev

    In his final speech, Dagestani journalist Abdulmumin Gadjiev has requested court to fully acquit him in the case on financing terrorism. However, the military court of appeal only reduced by two months the sentences for Abdulmumin Gadjiev, Kemal Tambiev, and Abubakar Rizvanov.

November 02, 2024 22:13

  • Priest Pivovarov calls news of his death a provocation

    Viktor Pivovarov, a priest from Slavyansk-on-Kuban, has been subjected to stalking after the start of a criminal prosecution in a case on fakes about the Russian Army. The stalker threatens Viktor Pivovarov, insults him online, and disseminate false messages about him.

News archive