Prokhorov's Onexim Group suspended talks with Nogotkov

Negotiations to merge the financial assets of Onexim Group owned by Mikhail Prokhorov (no. 10 in the ranking of 200 richest businessmen of Russia according to Forbes, with the personal fortune of $ 3 billion) and Svyaznoy Group of Maxim Nogotkov (no. 82; with the fortune of $1.3 billion ) into a holding company have been suspended indefinitely.
06.02.2014
Forbes
Origin source
According to a source publication, the transaction is postponed on the initiative of "Onexim", with high probability it did not take place. The Board of Directors "Renaissance Credit" when discussing a new strategy in late January did not include in her association with the group "The Messenger," said another source.

"Onexim" not satisfied with the current state of the Messenger-Bank, the sources explained. Perhaps the group Mikhail Prokhorov will come back to the idea of ​​combining assets with "The Messenger", but at a lower evaluation, suggested one of them. According to him, "Onexim," I would like to understand how Maxim marigolds will repay the debt in the amount of approximately $ 100 million, to be repaid in 2014. Surrounded Nogotkova breakdown of the negotiations denied. Marigold himself declined to comment. General Director of "Onexim" Dmitry Razumov did not comment on this information.

The main product of Coherent Bank - a universal bank card. According to the Bank IFRS, the share of overdue loans for a period of 90 days increased to 16.6% at September 30, 2013 with 10.4% at the end of 2012. volume cusnt of funds from the bank decreased by 16% due to limitations of the Central Bank to receive deposits of physical persons, as well as the anxiety of investors against the backdrop of withdrawal of the license in a number of other banks. After three quarters of 2013 to IFRS The Messenger Bank received a loss 1.04 billion rubles.
The fact that Prokhorov and Marigold decided to combine their banking assets became known in the autumn of 2013. As part of the transaction contemplated by the parties to create a holding on the basis of "Renaissance Credit" bank controlled by Prokhorov and the insurance company "Consent" and a network connection salons "The Messenger" and Messenger Bank. It was reported that the deal will be non-monetary.

Maxim marigolds started looking for a strategic investor back in 2011. As a result of the deal with Prokhorov it will have a partner for additional capitalization of the bank's Messenger, and the "Onexim" will be able to expand the sales of bank and insurance products through a network of "The Messenger".

Earlier media has repeatedly reported on the possibility of a large debt load, the group of companies "The Messenger". Managers "Coherent" said that the retailer's net debt at the end of 2012 was only about 7 mld rubles. In October, it became known that mobile retailer "The Messenger" and the eponymous bank costs only $ 100 million - excluding the additional requirements of the Central Bank, which further reduce the cost of business. In the ranking of Forbes marigolds occupied 82 place with a fortune of $ 1.3 billion, but the new data suggest that Nogotkova state is much smaller.