Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Raven Property Group Limited is a property investment company specialising in commercial property in Russia. It is listed on the London Stock Exchange and is a former constituent of the FTSE 250 Index.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedDeveloper Raven Russia was going to sell Business Center in St. Petersburg.
Partial exit, 3 out of 4 local entities changed owners. Planned to sale of all Russian assets to local management at nominal price. The largest and other warehouses were formally sold, but to offshore buyers - Arabs, there are doubts that this is a real deal. The Prosecutor General's Office wants to challenge the sale of the business of one of the largest owners of Raven Russia warehouses to local top management, which took place back in 2022. The defendants in this case are the British Raven Property Group, Phoenix Real Estate Investment Holdings Limited and Phoenix Property Group Limited registered in the UAE, the head of Raven Russia Igor Bogorodov and Yaroslav Shuvalov. The third parties include the structures that own the Raven Russia warehouse complexes, as well as the Federal Antimonopoly Service (FAS) and Rosimushchestvo. The Moscow Arbitration Court has fully satisfied the claim of the Prosecutor General's Office to recover shares and stocks of the Raven Russia group of strategic companies into the state treasury. We are talking about 17 organizations that are part of the group and own 16 transport terminals with an area of 2 million square meters. According to the supervisory authority, Raven Property Group Limited, registered in Hong Kong, was buying up Russian companies that owned transport terminals.