Shishkarev Absents from Delo Stake Sale
Sergei Shishkarev did not attend the August 28 procedure to finalize the deal for the state corporation Rosatom to buy his 51% stake in the holding company 'Delo,' citing unmet legal formalities. He rejected the acceptance of the offer without strict compliance with contractual conditions.
Consensus
- Sergei Shishkarev and his representatives did not attend the August 28 procedural meeting to finalize the sale of his stake in GК 'Delo'.
- Rosatom planned to complete the deal on August 28 by signing and notarizing all necessary documents.
- Shishkarev stated that not all contractual conditions were met, particularly regarding notification of the date, time, and place of the transaction.
- Shishkarev expressed disagreement with the acceptance of the offer without full compliance with the contract terms.
- Rosatom previously made an offer to Shishkarev on February 20, which he initially intended to accept by buying Rosatom's 49% stake.
- The process involved a 'corporate roulette' mechanism, where one party could propose a price for either selling or buying the other's stake.
- Shishkarev emphasized that his position was not a refusal to fulfill the contract but a demand for strict procedural compliance.
- Shishkarev raised concerns about the financial state of 'Delo,' employee safety, critical infrastructure, and uninterrupted operations.
Points of divergence
- Shishkarev claimed he did not close the deal on August 28 due to non-compliance with all necessary legal formalities, and he did not agree to transfer his share or accept the offer without exact compliance with contract conditions. — vm
- Shishkarev explicitly stated that he did not consent to the transfer of his share or the acceptance of the offer on August 28, 2026, or any other date, without full compliance with contract terms. — kommersant
- Shishkarev sent a proposal to Alexei Likhachev to focus resources on stabilizing the situation at 'Delo' due to the transformational period and risks of worsening company conditions. — kommersant
- Rosatom stated that secondary procedural elements should not obstruct the fulfillment of substantive obligations, despite Shishkarev's insistence on literal compliance. — vm
- Shishkarev described the 'corporate roulette' procedure as 'original' and previously unapplied in Russia, and noted its uniqueness. — kommersant
Coverage (2 sources)
- Shishkariev did not attend the conclusion of the deal for the purchase of his share in the LLC "Delo" — Вечерняя Москва
- Shishkarov spoke out against the alienation of 51% in the "Delo" LLC without meeting the conditions — Коммерсантъ