Rosatom to Complete Deal for Dело Stake
Rosatom aims to complete the acquisition of Sergey Shishkarev's 51% stake in the Group of Companies 'Dело' as soon as possible, despite Shishkarev's absence on the agreed closing date, with both parties citing financial difficulties and the need for restructuring.
Consensus
- Rosatom intends to complete the acquisition of Sergey Shishkarey's 51% stake in Group of Companies 'Dело'.
- The deal was scheduled to close on August 28, but Shishkarev did not attend the signing.
- Rosatom has stated it will fulfill all parameters of the shareholder agreement and implement the 'Russian roulette' mechanism.
- The company 'Dело' is described as being over-leveraged and in financial difficulty.
- Rosatom possesses significant financial resources and intends to restructure the company's debt and optimize its financial policy.
- Both Rosatom and Shishkarev agree that the deal should be completed as soon as possible.
Points of divergence
- Rosatom emphasized the need for its authority to realize foreign projects of 'Dело' and cited threats to assets in the Azov-Black Sea region due to Ukrainian military attacks. — kommersant
- Rosatom's head mentioned 'battlefield situation in the northwest' as a challenge, but did not specify the region or link it to the Azov-Black Sea area. — interfax
- Shishkarev claimed he requires strict, precise compliance with all contractual terms and proposed that Rosatom use funds allocated for his payment to recapitalize the company. — interfax
- Shishkarev had previously announced he could not raise funds to buy Rosatom's stake, leading Rosatom to reverse the transaction. — kommersant
Coverage (2 sources)
- Rosatom intends to complete the purchase of the LLC "Delo" as soon as possible — Коммерсантъ
- Rosatom will fulfill all parameters of the shareholder agreement in the "Delo" group — Интерфакс
Key entities
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