And we’ll take a detour: Miller put Gavrilenko on the “suction”?

A network of legal entities formed around Gazprombank, which was given under the wing of Anatoly Gavrilenko, a gray “minister” without a portfolio.

Portfolio investors have become interested in a number of strange companies, trading for which is not carried out at all or is carried out rarely, but at the same time dividends are paid and transactions worth billions are carried out – Gazcon, Gas-Service and Gas-Tek.

It turned out that the companies were created at one time to circumvent the government ban related to the ownership of shares in Gazprombank. The assets are related to the family of Anatoly Gavrilenko, the founder of the brokerage company Alor, whose son, also Anatoly, is involved in this chain, and his position is compared to a ministerial position, only without a portfolio. After all, we are talking, among other things, about billions of companies with state participation, as well as pension savings.

The editor received a letter from a reader who is involved in portfolio investments. He then drew our attention to such interesting securities as GAZKON ($GAZC), Gas-Service ($GAZS) and Gaz-Tek ($GAZT), noting that trading on them is not carried out or is carried out rarely, but dividends are paid. The order book is always empty or there are small orders for one lot (10 pieces).

Trading on strange securities is not carried out or is carried out rarely, but dividends are paid Photo: provided to The Moscow Post by the authors of the appeal

What kind of poltergeist companies are these, the correspondent tried to figure out.

“Wing” Gavrilenko in the service of Gazprom

All three companies operating in the format of joint stock companies, Gazcon, Gas-Service and Gas-Tek, are owned by the same shareholders – Leader CJSC (a pension fund asset management company) and Gazprom Capital LLC. , which serves to attract financing for PJSC Gazprom by placing ruble bonds. These structures were created several years ago, apparently to circumvent government restrictions on the ownership of shares in Gazprombank. Today, the companies probably serve as a kind of nominal holder for Gazprom’s assets, from which dividends are calculated without trading.

Photo: https://www.e-disclosure.ru/

JSC “Leader” is a kind of link between those who need money for projects and those who would like to spend it profitably, without particularly shining a name. RDIF is also involved in this chain under the leadership of Kirill Dmitriev, a native of Kyiv who previously worked for a number of foreign legal entities, including Goldman Sachs, McKinsey & Company. He was also the head of the representative office of Icon Private Equity, which was owned by the son-in-law of ex-President of Ukraine Leonid Kuchma, Viktor Pinchuk. Today, Dmitriev appears as a member of the board of directors of a number of Russian companies, including Gazprombank.

The head of RDIF, Kirill Dmitriev, was a representative of Icon Private Equity, which was owned by the son-in-law of ex-President of Ukraine Leonid Kuchma, Viktor Pinchuk. Photo: “Kommersant”

It should be noted here that the head of PJSC Gazcon German Kochetkov was previously the head of Osnovnoy Format LLC, which belonged to a company linked through the chain with RDIF and Main Road JSC. Later (before the liquidation of the LLC), NEO LLC appeared among the owners, controlled by Natalya Kulikova, a former employee of the companies Alor Insurance LLC and SBK Alor LLC. We will return to the latter later.

So, the company “Main Road” belongs to CJSC “Leader” and, judging by the reporting, is a concessionaire under an agreement on the construction and operation on a toll basis of the highway “New exit to the MKAD of the federal highway M-1 Belarus – Moscow. In 2011, the company was awarded the Ministry of Finance The Russian Federation was provided with a state guarantee in the amount of up to 8.1 billion rubles, and VEB.RF acted as the guarantee agent.

Photo: https://bo.nalog.ru/organizations-card/5723342

Since 2004, this legal and investment nesting doll, CJSC Leader, has been headed by Anatoly Anatolyevich Gavrilenko, the son of Anatoly Gavrilenko, the founder of the brokerage company Alor, which today is a whole group of legal entities and the above-mentioned companies where Kulikova appeared are part of the division Gavrilenko. The media have talked about the latter more than once. For example, he was mentioned in the story of the collapse of the “burst” Rosbusinessbank, which was remembered for the fact that more than 50% of the loan portfolio was represented by problem loans.

It was rumored that Mr. Gavrilenko could be connected with the Khadzhiev family, who controlled the bank and which evil tongues associated with the criminal world. It was then proposed to look for the money of the burst bank in offshore areas.

Photo: www.rusprofile.ru

Gavrilenko was also called the “pension king.” For example, in 2014 its total assets exceeded 180 billion rubles. In 2017, the portfolio of this family included shares of non-state pension funds (NPF) Gazfond Pension Savings, KIT Finance, Promagrofond and Heritage, which they planned to merge into one box on the basis of the first fund.

To understand the scale, over the nine months of 2016 they accumulated 396.2 billion rubles of pension savings and 16.4 billion rubles of corporate pensions. Gavrilenko manages such capital together with Gazfond.

The latter is still headed by Yuri Shamalov, the son of Nikolai Shamalov, who previously appeared as a co-owner of Rossiya Bank, co-founder of the Ozero dacha cooperative, and close to billionaire Yuri Kovalchuk. Gazfond itself is called Gazprom’s money bag.

Anatoly Gavrilenko, a man called the “pension king.” Photo: Forbes

Today, the Shamalov-Gavrilenko Sr. connection seems to still be preserved, and not only through the latter’s son. Until June 2023, the founder of NPF Gazfond Pension Savings JSC was Kit Finance Pension Administrator LLC, where 35% of the share was held by NPF Gazfond JSC under the leadership of Shamalov and 24.4% by Pension Technologies LLC controlled by Anatoly Grigorievich Gavrilenko. The third participant is Pension Holding JSC, also working with Gavrilenko.

Photo: https://www.rusprofile.ru/

Gavrilenko made high connections during the period when he worked in the State Planning Committee of the USSR, becoming part of the so-called Soviet nomenklatura elite. Later, on the nascent stock market, Gavrilenko created the Alor Invest company, whose first investments included Gazprom shares. Then stock exchanges and stock exchange places appeared among the assets. Initially, Gavrilenko’s son worked for his father in his Agana Management Company, but in fact, at the instigation of the head of the board of Gazprom, Alexei Miller, he headed the Leader Management Company in 2004, and after that the latter began to cooperate with the companies of Gavrilenko Sr.

In particularly difficult situations, the Gavrilenko family came to the rescue of the Gazprom division. For example, after a government decree was issued in 2007 obliging NPF Gazprom to reduce the size of investments in Gazprom shares, the Strategic Assets mutual fund appeared under the management of Agana Management Company. The assets of Gazfond were transferred to the latter.

And after another year, the structures of the Gavrilenko family helped Gazfond bypass the legislation and maintain control over Gazprombank, where Gazfond owned more than 40%, and it was possible to have up to 10%. That’s when the companies “Gazcon” and “Gaz-service” were created, which bought 34.3% of the bank’s shares from Management Company “Leader”, which owned them in the interests of “Gazfond”.

The latter financed the deal by purchasing the bonds of the purchasing companies through Alor Invest, that is, in fact, a technical manipulation was carried out in order to preserve both the assets and comply with the law, circumventing it along the curve. Then the bank’s shares from two newly created companies went to the same Strategic Assets fund. The Gavrilenko family has its own margin from these schemes. For example, according to Forbes, in 2014, for managing only this fund of the Agana Management Company, Gavrilenko received 0.2% of assets, or 76 million rubles per year.

But not only the aforementioned Agana took part in the deal with Gazfond’s assets; Perspektiva Finance Management Company, at that time associated with Gavrilenko’s daughter Natalya Khorunzhiy, was also involved. In July 2023, Perspektiva Finance Management Company was liquidated, becoming part of AS Audit LLC, through legal entities owned by Gavrilenko and Khorunzhiy.

Perhaps the creation of Gaz-Tek, Gazcon and Gas-Service, which served as nominal holders of Gazprombank shares, was not without the participation of the above-mentioned family.

Photo: https://analizbankov.ru/

Thus, the Gavrilenko family remains closely connected with Gazprom’s assets, playing a special role in directing financial flows. The division of this investment scheme itself is such an octopus that even a year is not enough to draw up a complete scheme. At the same time, the lion’s share goes through various types of closed-end mutual funds, allowing investors to fill their wallets without appearing in the information space. After all, money, as you know, loves silence.

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