Billion for Deripaska. En+ can conduct a new placement in the West

Oleg Deripaska decided to hold SPO for $ 1 billion. Banks are afraid that the Kremlin List may interfere with him

Oleg Deripaska. Photo: World Economic Forum

En+, which owns the industrial assets of the billionaire Oleg Deripaska (and above all, the UC Rusal control package) began preparations for the new placement of shares in the West by $ 1 billion. American banks doubt that after included the oligarch in the “Kremlin List” of the US Treasury, they will be able to participate in SPO.

• In addition to the amount of accommodation, no parameters of the future SPO - even the exchange on which it will pass, are still unknown.
• The primary placement of EN+ was held in London in November 2017. It has become the only large Russian IPO for the whole year and the first large Russian accommodation in the West since 2014.
• Then the company sold 18.8% of shares for $ 1.5 billion, of which En+ itself received $ 1 billion (and after placement immediately paid off the VTB loan at $ 943 million), $ 500 million - the sold part of its shares Oleg Deripaska.
• The organizers were the American Bank of America Merrill Lynch, Citi and JP Morgan, as well as the Swiss Credit Suisse and the Russian VTB.
• Reuters sources in American banks are not sure that they will be able to participate in placement. They call the reason that Deripaska appears in the “Kremlin list” of oligarchs of the US Ministry of Finance (all Russian billionaires got into it at all).
• Officially, the list does not imply sanctions against its participants and their partners, but the controllers of American banks are “preoccupied with possible reputation damage,” Reuters writes. “Banks do not need [negative] headlines,” says one of the interlocutors of the agency.
• In early January, it became known that by the November IPO En+, British intelligence had questions . “Mi-6” informed the exchange regulators that the listing on the London exchange of the company, whose products are used by the Russian military-industrial complex, demanded coordination with special services.
• Another participant in the Kremlin List, the founder of TMK Dmitry Pumpyansky, last week postponed the IPO of the American daughter of TMK, IPSCO, officially due to the poor market conjuncture.

What am I to me?

The fate of the EN+ accommodation will show how much Western banks and investors are ready to work with Russian money after the publication of the Kremlin List.

Signals

"In connection with what should mourning be declared?"

There is no new information about how Russians died on February 7 during an attack involving Wagner PMCs at the Kurdish-American Oil Field in Syria. The Bloomberg agency, who reported 200 killed (including Syrians) during the attack yesterday, today writes today with reference to familiar fighters that the number of victims is growing - some of the wounded hospitals transported to Russian hospitals died.

The Russian officials, meanwhile, continued to evasively comment on the death of PMC fighters. “In connection with what should the mourning be declared? [Death] What is the number of Russian citizens? We do not know, ”said Presidential press secretary Dmitry Peskov today. We have collected the entire reaction of Russian officials from the moment they call it, the “incident” - looks rather cynical.

MONEY

Everyone is afraid of sanctions

On Monday, Sberbank reported that before the publication of the Kremlin Report at the end of January, his clients returned the assets for “hundreds of millions of dollars” from abroad-three times more than in January 2017. In Alfa-Bank, growth compared to last year even amounted to 300%-in January-early February his clients returned 11 billion rubles.

Elon Musk threatens the Russian cosmos

The Energy Rocket and Space Corporation warned in its reporting: Russia's monopoly in the market for manned space flights will not last long. The reason, of course, in Ilon Mask: this year, private space companies in the United States will begin to launch their manned ships - Crew Dragon from SpaceX and Boeing Starliner. Read more about this - here .

The markets in the USA fall again

US inflation in January amounted to 2.1% in year, exceeding the forecasts of economists. This led to the fall of stock markets - immediately after the appearance of information, American futures quickly collapsed by 1%. An increase in inflation also means a possible increase in the Fed’s rate, which will slow down the growth of American companies - investors are afraid of this. The next meeting of the Fed will be on February 21.

PRACTICE

How venture investors survive the founders of the startups

According to the HBR study , from 20% to 40% of the founders of startups are forced to give way to their place at the request of venture investors. They believe that a more experienced director will make a startup more attractive for IPO and mergers-absorptions. And in fact: the chances of such an outcome are higher for companies with external directors. Moreover, companies whose founders have left the project have better results than those where they moved to another position.

Delivery by drones is not as effective as it seems

It is believed that the delivery of drones can be saved great. In fact, this is not entirely true. Firstly, much more warehouses will be required -the drones move to shorter distances than trucks. So the money saved on the maintenance of cars will go to heating and lighting of warehouses. And this is not to mention the fact that the truck can carry a thousand parcels, and the drone can be one or two. So we run the risk of seeing a whole army of drones with premises in the sky.

Fun

What has Harvey Weinstein, Deripaska and Nastya fish in common

“Mediaology” for St. Valentine's Day calculated who in Russian-speaking social networks in January-February is most often discussed in the context of the concept of “love”. Surprisingly, Oleg Deripaska and Nastya Rybka took only 4th and 5th place. The rating was headed by the model and Instagram star Olga Buzova, and the Harvey Weinstein, the accused of sexual harassment, was in second place.

Peter Mironenko