Игорь Сычев про Фосагро
Sychev's claim against Phosagro has been accepted for investigation
Her Majesty's High Court of Justice has accepted the claim by Igor Sychev against the Phosagro. Igor Sychev demands 1% of company shares or their value in money, approximately 55 million dollars, and also 8 million dollars in cash, as his remuneration for defending Phosagro interests in court. This was dispute of previous court decisions for fines on tax avoidance. Phosagro has won on the case and all charges were dropped.
Phosagro is a Russian vertically integrated company and one of the world’s leading producers of phosphate-based fertilisers. Its core line of business is the production of phosphate-based fertilisers, high-grade phosphate rock, and also feed phosphates, nitrogen fertilisers and ammonia. The parcel of shares of Phosagro belongs to billionaire Andrey Guryev. The second largest shareholder is Vladimir Litvinenko, the rector of the National Mineral Resources University of Saint Petersburg. Litvinenko was a head of the presidential election campaign team of Vladimir Putin in Saint Petersburg in 2000, 2004 and 2012.