Verkauft Potanin seine Norilsk Nickel Anteile ?
Nach einem Bericht des Online Dienstes Vzglyad beabsichtigt der Business Tycoon Vladimir Potanin seine Anteile an dem Unternehmen Norils Nickel an den staatlichen Diamanten Monopolisten Alrosa zu verkaufen. Potanin’s InterRos Holding könnte dadurch zwischen 8 und 9 Mrd. US-$ einnehmen, heisst es.
Bezüglich der Übernahme haben sich dem Bericht zufolge der russische Finanzminister und Vorsitzender des Überwachungskoncils von Alrosa, Alexei Kudrin, der Präsident von Jakutsien, wo Alrosa tätig ist, Vyacheslav Shtyrov sowie dem Präsidenten des Diamantenmopolisten Alexander Nichiporuk getroffen.
Der Verkauf von Beteiligungen dieser Art wäre nicht die erste von Potanin’s InterRos. So wurden vor kurzem bereits 25,94 % der Beteiligung an dem Joint Venture Unternehmen TNK-BP an die staatliche Ölgesellschaft Rosneft Oil verkauft. Auch die 22,43 % an dem Ingenierusunternehmen Power Machines wurden veräussert. Sie gingen an den Monopolisten Unified Energy System. Mit diesen Aktionen wird Vladimir Potanin weiter an politischem Gewicht innerhalb Russlands verlieren, so Beobachter des Geschehens.
Laut Angaben der russischen Zeitung „Vzglyad“ soll nun auch Norilsk Nickel unter den Hammer kommen. Der Chef von Interros, Vladimir Potanin, will seine Tochterfirma Norilsk für umgerechnet neun Milliarden US Dollar an die staatliche Alrosa verkaufen. Bis jetzt gibt es seitens der Beteiligten noch keine offiziellen Bestätigungen, allerdings sollen sich die Topmanager der Unternehmen bereits getroffen und über weitere Schritte verhandelt haben. Nachdem Norilsk im dritten Quartal einen Gewinnanstieg von 52% gegenüber dem zweiten Quartal verzeichnen konnte, ist der Riese nicht gerade unattraktiv für eine Übernahme.
Hier ist der neueste Artikel aus Moskau von mineweb:MOSCOW (Mineweb.com) --Can a $6 billion diamond-mining company, with more than a billion dollars of debt, take control of a $15 billion nickel, copper and platinum-mining company, with $2 billion in free cash and almost no debt?
"At dawn," Seneca, the Roman stoic, once remarked, "even dwarfs cast long shadows". The immediate question for the owners of Norilsk Nickel, Vladimir Potanin and Mikhail Prokhorov, is not how tall they are, but which way they are facing -- the dawn, or the sunset? Seneca, who was obliged to fall on his sword after giving the emperor Nero some very bad advice, failed to add that at sunset, giants cast no shadow at all. One thing is certain -- Potanin and Prokhorov, who currently hold about 51% of Norilsk Nickel, can afford to be stoical about the fate of the company they took control of for $170.1 million, if they are obliged to take $7 billion to give it up again.
Outside Alrosa, Russia's state-owned diamond-miner, and Norilsk Nickel, the largest Russian mining company, the idea of forcing the two oligarchs out is hardly a new one. A year ago, Potanin and Prokhorov felt the shadow of the Kremlin over their acquisition for $1.16 billion of a 20% stake in Gold Fields. Before that, President Vladimir Putin's advisor on natural resources, Vladimir Litvinenko, had declared that the state should recover a "golden share" in Norilsk Nickel, and thus remove Potanin and Prokhorov from control.
But Litvinenko has been silent on how he has advised Putin to achieve that goal. Litvinenko may have preferred recovering the shares by a legal proceeding that would have swapped the shares for debts the two oligarchs may owe the state. The lowest-cost method of arranging such transactions was tried in the Yukos oil company case, when the company's principal assets were taken by the state in payment of past-due tax, penalties and fines imposed after a lengthy and controversial public trial. Oligarchs like Potanin and Prokhorov are not less vulnerable than the principal Yukos shareholder, Mikhail Khodorkovsky, who is now serving an 8-year prison term in a remote part of Siberia.
The oligarchs have signaled that they would prefer to buy their way out of trouble. Sources in Moscow have told Mineweb that a state takeover of Norilsk Nickel, with a multi-billion dollar commercial pay-out, has been in discussion for some time. Senior officials of Alrosa have not participated. Officially, Interros -- Potanin's holding company -- tells Mineweb: "I see no serious background in that. Nobody has announced anything like that, at least at our end.” At Norilsk Nickel, a spokesman said: "“I have no confirmation of these rumours."
When fear and appetite are aroused these days in Moscow, rumour has a funny way of triggering deals. In this case, investment bankers familiar with both companies have told Mineweb that the structure of a merger between Alrosa and Norilsk Nickel, resulting in the exit of the oligarchs, is not difficult to imagine. Assuming a current market value of Norilsk Nicklel of $15 billion, Potanin and Prokhorov could offer to sell for $7.5 billion. That would buy Alrosa all of Norilsk Nickel's base metal assets, plus platinum group metals, but leave Potanin and Prokhorov to walk away with the cash, plus a gold-watch -- I mean the gold asset company that includes $1.16 billion in Gold Fields shares, and the goldmines currently being managed by Polyus. Were they later to strip that for cash, or part cash and part shares in an international mining company, Potanin and Prokhorov may be calculating that the value of their exit would approach the $13.1 billion Roman Abramovich and his co-shareholders and allies are receiving for the sale of Sibneft to Gazprom. Since Abramovich has been obliged to share the payoff with a bigger circle than Potanin and Prokhorov, the latter may be vain enough to imagine that their terms may be the more lucrative.
Paying the acquisition price for merger and takeover shouldn't be difficult for Alrosa. Norilsk Nickel's $2 billion in cash would be available. This would leave a borrowing requirement of little more than $5 billion. Even without diamonds for collateral, a loan of this size should be easy to raise from the same international banks that have been eagerly funding the state takeovers of the Yukos and Sibneft oil companies. In the outcome, the Kremlin would be able to judge that for assets, for which the state received next to nothing a decade ago, the state is paying nothing at all to retrieve. Even the borrowing costs would amount to so much froth on the crest of the boom in Russian commodity exports (so long as the boom lasts).
Even if high state officials are intent on buying, and the oligarchs agreeable to selling, this deal cannot be done just yet. For one thing, Potanin and Prokhorov have yet to complete the spin-off of their gold company, and there may be an argument or two with the Kremlin over whether they should be permitted to get away with it, scot-free.
Secondly, Alrosa is not yet properly organized to be become Russia's flagship. For a year now, the Russian government has been taking the steps required to transform the shareholding structure of Alrosa into an open joint-stock company. The latest step has been to release a new, independent valuation of the company. But that has triggered internecine conflict between those who want to accelerate emission of new shares, ending more than a decade of control of the company by the Sakha region, where the diamond mines are located, and those close to the Sakha president, Vyacheslav Shtirov, who want to hang on to their cash-cow.
According to the Russian auditor, the Centre for Professional Valuation, the company is currently worth between $6 billion and $7 billion. The auditor was engaged for the task by the Federal Property Management Agency and Alrosa. The valuation is roughly 50% higher than unofficial company estimates of between $4 billion and $5 billion. According to banking sources, who have evaluated Alrosa's assets, the new estimate is not far off the mark, taking into account rising world prices for Alrosa's diamonds, as well as the company's growing output.
According to a statement issued by Alrosa in August for the first quarter to March 31, 2005, the company's assets had grown to Rb161.5 billion ($5.7 billion), up from December due to an accumulation of $375 million in cash, Liabilities at the same time were $2.7 million. Paid-up capital of the state owned company at March 31 was Rb11.5 billion ($406 million), divided into 200,000 shares at Rb57,455 ($2,030) each. 37% of the shares were held by the federal government; 32% by the Sakha republic government; 8% by districts of Sakha; and 23% by management and other individuals. A semi-legal scheme for trading Alrosa shares resulted in the transfer of about 4% to individuals favoured by a Moscow investment bank, until this was halted late in 2004. At par, that stake would be worth $16.2 million, although untradeable. If and when Alrosa were to merge with Norilsk Nickel, the stake would jump in value to $800 million.
The current share distribution is slated for restructuring, so that the federal government will hold 51%, and management will be diluted substantially. Instead of a closed joint stock company structure, whose shares cannot legally be traded or privatized, Alrosa would become an open joint stock company. Despite warnings that may cost him his job, Sakha president Shtirov is fighting to block the federal takeover.
The valuation is required in order to determine a current value for each share before the new share emission can be made, and additional assets added to the capital of the company. Alrosa sources say that the Finance Ministry, which has been in charge of the restructuring, has been considering several options for the capital accretion, including the addition of non-diamond mineral assets in the Sakha republic; the state-owned Smolensk Kristal diamond-cutting enterprise; Almazny Mir, the Moscow cutting plant; and the Prioksky Precious Metals Refinery. If the capital value of Alrosa is 50% higher than previously estimated by Finance Ministry and company experts, then the proposed additions to capital must be concomitantly greater, unless they, too, can valued upwards also.
A much cheaper way of accomplishing the same end would be for the federal government to reopen the books on the secret, semi-secret, and illegal orders ex-President Boris Yeltsin issued during the early 1990s, to set up Alrosa under the control of Sakha president Mikhail Nikolaev, and award other federally-owned resource assets to Nikolaev's administration. Declaring those concessions unlawful would enable to Finance Ministry to retrieve them, and vest them in Alrosa's expanded capital -- without the controversies and potential treasury liabilities of the valuation process.
There is no obvious sign at the moment that Alrosa's acquisition of Norilsk Nickel is being planned by the group of modest government officials who sit on Alrosa's board. However, if ambitious Kremlin strategists are looking to replace oligarch control of mining before President Vladimir Putin is due to leave office in March 2008, there is no time to lose. Freeing Alrosa from the grip of the Sakha group led by Shtirov must be done first, at the lowest possible cost to the federal treasury. But then Alrosa's value must be raised towards Norilsk Nickel's current market capitalization of $15 billion, until the gap can be bridged by the eager international banks.
Russian Internet business daily Vzglyad reported on Tuesday, Nov. 1, that business tycoon Vladimir Potanin is getting ready to sell his main asset, nickel-and-platinum producer Norilsk Nickel, to state-owned diamond monopoly Alrosa.
A source close to Alrosa’s management told Vzglyad that in principle the acquisition was approved at a meeting between Russia’s Finance Minister (and chairman of Alrosa’s supervisory council) Alexei Kudrin, the president of the Republic of Yakutia (where Alrosa’s production is located) Vyacheslav Shtyrov and president of the diamond monopoly Alexander Nichiporuk.
Market experts say that Potanin’s InterRos Holding could receive as much as $8-9 billion for the asset.
Observers point out that Norilsk Nickel is not the first of Potanin’s assets that has been put up for sale. Just recently InterRos sold its 25.94% stake in a joint venture with TNK-BP to state-owned Rosneft Oil Company as well as a 22.43% stake in engineering giant Power Machines to power grid monopoly Unified Energy System.
Experts suggest that this may mean that the owner of InterRos, Vladimir Potanin, is losing political influence in Russia.
MOSCOW, November 7 (RIA Novosti commentator Peter Lavelle) - Russian metals giant Norilsk Nickel intends to spend $546 million to become self-sufficient in the transportation and handling of its products by 2008. Promoted as a cost cutting program, investors are concerned the company may needlessly become distracted from its core business.Of the total investment layout, $40 million will be devoted to constructing a terminal in the northern port of Murmansk with capacity for 2 million metric tons of metals. The company, which posted a net profit of $1.8 billion in 2004, may then buy five or six Arctic-class ships, each worth around $84 million. Norilsk estimates the use of its own vessels to transport products to foreign markets could cut its transport costs by 25%-30%.
Although the move may further vertically integrate Norilsk, it will likely also diffuse the company's focus from its core business - mining. Norilsk's goal of self-sufficiency is strikingly at odds with the recent decision to separate and list Polyus, Russia's largest gold-mining company.Spinning-off Polyus achieves precisely the sort of maximization of value Norilsk should be seeking, but assembling its own fleet may have the opposite effect.
MOSCOW, November 16 (RIA Novosti) - Leading Russian metals company Norilsk Nickel said Wednesday its net profit had declined by 13.3% in the third quarter of 2005, year on year, to 14.5 billion rubles (about $509 million).
The company's net profit fell after its revenues from the sale of metals dropped by 10% while the prime cost of its output fell by only 6.6%.
"The company's revenues fell due to the unfavorable world nickel market situation (nickel prices were down by almost 4%) and the low ruble/dollar rate," the company said in a statement. "Also, the volume of sales of nickel declined by 14.7% and copper by 12.6%. The company intends to compensate for this shortfall in the next quarter."
und Alrosa hat Übernahme nicht vor und hat kein Angebot unterbreitet sagte Finanzminister Alexei Kudrin am 15.11.2005
Norilsk Nickel will trade for the first time in Russia today ex-Polyus, following the gold subsidiary's spin-off effective Jan. 1. While Norilsk's GDRs have risen as high as $103.9 per share in London trading in 2006, we attribute this to the fact that the register's closing date for the spin-off participation (i.e. the date from which Norilsk will trade ex-Polyus) for GDRs in London under the ticker MNOD will be closed today. In Russia, although there was no trading, the register officially closed on Jan. 1. For ADRs under the ticker NILSY that trade in New York the register for the Polyus spin-off closed on Jan.3.
Ahead of the spin-off we had been of the view the market had not fully priced-in the value of Polyus as our sum-of-parts valuation of rump Norilsk Nickel was $90.8 and our valuation of Polyus was $19.1. We were thus slightly taken aback by the fact that Norilsk shares traded higher in London as we had been expecting a slight dip to reflect Polyus's 6%-7% contribution to the financials of the consolidated company.
We thus attribute the GDR strength in London to the technical issue of a delayed register closing date and expect to see the real ex-Polyus Norilsk Nickel price in today's trading.
Given the current strength of base metals prices and Norilsk Nickel's interim results, which indicate a very strong 2005, we reiterate our Buy recommendation on the stock; we intend to upgrade our target price following the upcoming changes in our macro DCF assumptions.Aton
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http://www.nornik.ru/en/investor-relations/shareholders/dividendyi4
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Devisenkurs E/Us 1,1088
Nettorendite nach Steuern und Fremde Spesen 0,21288 Eur
Haben die tatsächlich 2x gezahlt oder liegt hier ein Fehler von Ariva vor?
Hat jemand eine Info wann die Aktie im Depot sein musste um diese Dividende zu bekommen?
Allen einen guten Rutsch und ein erfolgreiches 2017!
Datum
Dividende
Veränderung
Rendite
23.12.16 1,63 - 21,31% 10,31%
29.12.15 2,07 9,27% 17,96%
19.12.14 1,90 520,18% 16,21%
30.05.08 0,31 -10,91% 6,69%
06.06.07 0,34 119,59% 1,86%
07.06.06 0,16 -28,89% 1,31%
08.11.05 0,22 91,11% 2,76%
14.10.04 0,12 2,88%
http://www.nornik.ru/en/investor-relations/shareholders/dividendyi4
Auf Nachfrage erhielt ich heute die Aussage, kann bis zu einem Monat dauern, da erst nach USA und dann wieder Zurück ins Depotführende Land!
Ich habe zwei Banken---aber noch nichts erhalten.
Hier bei Ariva, habe ich diese in meinem Jahresdepotspiel, nur dort waren diese
eingebucht!
Wenn man den deutlichen Kursrutsch der letzten Tage mal ausblendent ;)