Shares of the parent company of the industrial group ChEMK – Kommersant – were arrested

According to a statement from the General Prosecutor’s Office of the Russian Federation, the Arbitration Court of the Sverdlovsk Region adopted new interim measures in the framework of the case regarding the reclaiming of shares of three enterprises of the ChEMK group in favor of the state. The shares of the parent company of the holding, JSC Etalon Company (Chelyabinsk), which belong to Yuri and Lyudmila Antipov, were seized. The court’s ruling was published in the file of arbitration cases over the weekend (.pdf).

In support of the petition, the Prosecutor General’s Office indicated that, according to information from VTB Registrar JSC, the shares of the Etalon company, which owns 100% of the shares of Serov Ferroalloy Plant JSC, Chelyabinsk Electrometallurgical Plant JSC, Kuznetsk Ferroalloys JSC, belong to Yuri and Lyudmila Antipov, “which allows them to dispose of the shares of the specified company at their own discretion.”

“The arbitration court came to the conclusion that in the case under consideration, the interim measures requested by the plaintiff are aimed at maintaining a balance of interests and help prevent dishonest behavior by the defendants in the event of a dispute,” the court’s ruling says. 4.5 million ordinary shares of Etalon belonging to Yuri Antipov and 13.39 million to Lyudmila Antipova were seized.

In addition, the court issued a ruling refusing to clarify the claim of Chelyabinsk Electrometallurgical Plant JSC. The company asked for clarification whether the previously imposed seizure of assets included a ban on financial support for the children’s judo center and the payment of bonuses to employees based on the results of the year and quarter.

As reported by Kommersant-South Ural, The Arbitration Court of the Sverdlovsk Region last week accepted for consideration the application of the Prosecutor General’s Office of the Russian Federation to JSC Etalon Company, Yuri and Lyudmila Antipov. The department asks to “recover from the illegal possession” of the Etalon company in favor of the Russian Federation “state property” in the form of ordinary shares of ChEMK, JSC Serov Ferroalloy Plant and JSC Kuznetsk Ferroalloys. On February 6, the court took interim measures and arrested shares, as well as real and movable property of enterprises, shares in authorized capital and securities of enterprises.

Yulia Garipova, Chelyabinsk