Prior to setting up Uralchem earlier this decade, Mazepin was first deputy head of Russia’s Federal Property Fund and helped the state raise billions of dollars via sales of lucrative oil and metals firms. “They have banking business and investment business. Check out the full details for our next event on our annoucement page as well as the latest Thi and. In the same interview, Mazepin said he viewed debt repayment issues as essentially technical as they could be solved by arranging an IPO with the same banks that lent the original funds. Go InnoForgers Forge Bowl is just around the corner. “Today we have quite a big debt and under a base scenario we had to do the IPO and sell a minority stake close to a blocking stake to redeem all our debt and turn from a private firm into a public firm where I would keep control,” he told Echo Moskvy radio station in May 2009. Uralchem is one of several Russian firms which had to cancel flotation plans amid the financial market collapse in late 2008, and Mazepin has since bemoaned the failure to get away. RUSAL’s owner Oleg Deripaska was forced to give up majority ownership of the company following the ground-breaking deal, although it is not yet clear whether 41 year-old fertiliser king Mazepin will be forced to do the same.
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