Leonid Mikhelson success story

Biography and facts

First business Since 1987, he headed Kuibyshevtruboprovodstroy; in 1991, he transformed the trust into the private JSC Samara People's Enterprise Nova.

Capital Novatek (24.6%), Sibur (30.6%).

Sanctions April 2022 - Canada.

Partners Vladimir Putin's longtime friend Gennady Timchenko, Leonid Simanovsky, and former TAIF Group shareholders Albert Shigabutdinov, Rustem Sulteyev, Radik and Airat Shaimiev.

The deal In October 2021, Sibur merged with the Tatarstan industrial group TAIF, becoming the owner of TGK-16 (power generation) and stakes in Nizhnekamskneftekhim and Kazanorgsintez (petrochemicals). The assets included in the perimeter of the deal were valued at $7 billion, TAIF shareholders received a 15% stake in Sibur and the company's bonds worth almost $3 billion.

Event In 2017, Mikhelson's structure acquired a 17% stake in Sibur from Kirill Shamalov, then a member of the company's board of directors.

Project In the north of Yamal, Novatek is building a liquefied natural gas plant, Arctic LNG-2, with a capacity of 19.8 million tons per year and worth $21.3 billion.

A figure of €150 million was estimated in 2017 for the reconstruction of GES-2, one of the projects of the V-A-C Mikhelson Art Fund. The House of Culture in the building of the former power plant opened in December 2021.

Detail The V-A-C Foundation (Victoria - the Art of Contemporary) is named after the businessman's daughter Victoria, who is fond of contemporary art.


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