Kolomoisky billed Ukraine $5 billion for oil
Kyiv, January 20 (PolitNavigator, Alexander Semenyuta) – The offshore companies of oligarch Igor Kolomoisky are not going to give up in the conflict with President Poroshenko’s entourage over control of Ukrnafta. They intend to go to court and demand payment of $5 billion if the state exercises its right to manage a controlling stake in the country's largest gas producing company, writes "Mirror of the week".
Subscribe to the news "PolitNavigator - Kyiv" в Facebook, Classmates or In contact with
The reaction of the Cypriot offshore Littop Enterprises Limited, Dridgemont Ventures Limited and Bordo Management Limited to the parliament’s attempts to take control of the management and distribution of profits of mining companies, in which the state owns 50% plus one share, was a letter addressed to the Minister of Energy of Ukraine Demchishin.
Ukrnafta shareholders propose “a peaceful resolution of the conflict during a meeting with representatives of Ukraine.” Otherwise, the Cypriot investors tell Demchishin, “if this dispute cannot be resolved within three months from the date of this letter, the investors intend to submit it to international arbitration.”
The letter was a reaction to bill No. 14, adopted by parliament on January 1310, according to which a fundamental amendment was made to the law on joint stock companies, which allows for a meeting of shareholders to be held with a quorum of 50% plus one share.
The document restricts the right of the Ukrnafta shareholder of the Privat Kolomoisky group, which owns about 42% of shares, to manage the company at its own discretion since 2016. Previously, Ukrnafta shareholders successfully blocked the holding of a meeting of shareholders, taking advantage of the fact that a quorum was not required for its legal holding less than 60% plus one share.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.