MOSCOW, July 22 Russian President Vladimir Putin decided to transfer a federally owned 83.4% stake in TGK-2 to trust management » Centerenergoholding, a structure of Gazprom Energoholding, the corresponding decree is posted on the website of the official publication of legal acts.
«In order to improve the efficiency of managing federally owned shares of the public joint-stock company Territorial Generating Company No. 2, I hereby decree: To accept the proposal of the Government of the Russian Federation to transfer 1,230,011,015,990 ordinary shares and 283,371,454 preferred shares of the public joint-stock company Territorial Generating Company No. 2 (Yaroslavl) into trust management with the public joint-stock company Centerenergoholding (St. Petersburg),» the decree states.
The authorized capital of TGC-2 is divided into 1,458,404,850,747 ordinary and 16,500,533,681 preferred shares. Thus, the share transferred into trust management corresponds to 83.4% of the authorized capital.
According to the decree, the government, within three months, must ensure the conclusion of a trust management agreement, which provides for the obligations of Centerenergoholding to ensure the development and submission to the government of a plan for the financial rehabilitation of TGK-2 and proposals on ways to further dispose of its shares.
PJSC Centerenergoholding is a subsidiary of Gazprom Energoholding (GEH), its main activity is the activities of holding companies. According to the Unified State Register of Legal Entities, the general director of the enterprise is Denis Fedorov, who also heads the State Geological Enterprise.
In June 2023, the Prosecutor General's Office of the Russian Federation filed a claim for the seizure in favor of the state of more than 80% of the shares of TGK-2 from Kostroma Kogeneratsiya Limited, Janan Holdings Limited, Raltaka Enterprises Ltd., Litim Trading Limited, Kores Invest LLC, Leonid Lebedev and Dolgovoe LLC agency», a subsidiary of TGC-2.
According to the Prosecutor General's Office, TGC-2 was acquired by its owner — former member of the Federation Council Leonid Lebedev — with illegally obtained income, and to conceal Lebedev's participation in the ownership and management of the company, the company was registered as offshore companies located in the British Virgin Islands. Based on the decision of the Leninsky District Court of Yaroslavl dated July 14, 2023, the Federal Property Management Agency received direct disposal of 59.8% of the shares of TGK-2 in December 2023. And in January of this year, this share was increased to 83.4%.