Togliattiazot States that is not related to Ameropa dispute with Russia

Togliattiazot States that is not related to Ameropa dispute with Russia


Previously Ameropa, a minority shareholder of heerassagala “Togliattiazot”, appealed to Russian authorities with a statement about the damage caused to its investment as a result of alleged violations of the legislation of the Russian Federation.

MOSCOW, 27 Jan. The largest Russian producer of ammonia – “Togliatti” asserts that has no relation to the dispute of the Swiss company Ameropa, which is a minority shareholder of heerassagala, with the Russian Federation, have informed in a press-service of “Togliattiazot”.

Ameropa earlier appealed to Russian authorities with a statement about the damage caused to its investment as a result of alleged violations of the legislation of the Russian Federation. The case is linked to a criminal case of fraud against shareholders “Togliattiazot”, instituted in 2012, according to the statement of URALCHEM. Ameropa believed that, with the initiation of proceedings violated the law.

In the case in absentia arrested the Chairman of the Board of Directors of “Togliattiazot” Sergei Makhlai, his father Vladimir and the owner of Ameropa Andreas Civi. Share capital structure of “Togliattiazot” is as follows: the company, the beneficiary of which is Sergei Makhlai, own 71% of the shares, Ameropa — 12,96%, URALCHEM and 9.7%.

The investigation assesses the damage to ToAZ 3 billion, the company’s shares 12.5 million rubles were arrested. In Ameropa noted that if in this case fail to agree within six months, the company goes to international arbitration.

Togliattiazot declares that the company has no relation to… proceedings that the minority shareholders of Togliattiazot, representing the company Ameropa, initiated in respect of the Russian Federation, what they said at today’s press conference”, — noted in press service.

“Togliattiazot” considering the situation with claims to its shareholders solely as a dispute of economic entities”, — said the Agency interlocutor.