Peter Gervey is buying a part of the Finnish company Sanoma in a number of Russian companies, which is part of the Sanoma Independent Media subsidiary.
About Forbes, they allocated two channels to the media market.
“Hervey is the main contender, and the site may be closed in the near future,” says one of them.
Sanoma Independent Media's warehouse includes the newspapers Vedomosti and The Moscow Times, as well as a number of glossy magazines - Cosmopolitan, Esquire, Harper's Bazaar, Men's Health, National Geographic and Grazia.
The Finnish media holding Sanoma announced the preparation of sales of its Russian media assets in the spring of 2013.
According to the Vedomosti newspaper, Sanoma Independent Media's revenue in 2013 decreased by 5% to 5,2 billion rubles, EBITDA by the same 5% to 1,1 billion rubles. Sanoma's revenue in Russia, Central and Central Europe decreased in 2013 by 13% - from 199,5 million euros to 173,5 million euros.
Hervey himself, in a commentary to Forbes, stated: “There is no hope, and we are far from being signed.”
Finnish Sanoma in several parts of Volodya often works together with other media companies.
Thus, in the Vedomosti newspaper, Sanoma has only a third share, another 33% belongs to Dow Jones (founder of the American newspaper The Wall Street Journal) and FT Group (founder of the British Financial Times).
Based on data from Forbes, Hervey can now buy stakes in Dow Jones and FT Group.
Gerela Forbes also confirms that Gervay plans to sell SIM assets in 2015, including the Vedomosti newspaper, to the Gazprom-Media holding or to the structures of businessman Yuri Kovalchuk.
Gervay himself, as a foreigner, cannot charge more than 20% of SIM until amendments to the PHI law, which come into force in 2016.
The head of Gazprom-Media, Mikhailo Lesin, stated that his holding company’s assets, Sanoma Independent Media, “are not held accountable for any circumstances.”
Having added, without terminating the proposition about the purchase of a SIM card. In the “National Media Group”, which unites the media assets of Yuri Kovalchuk 71 and Oleksia Mordashova 12, the comments were confirmed.
The chief editor of Vedomosti, Tetyana Lisova, did not comment on the newspaper’s sales.
SIM CEO Jean-Emmanuel de Witt told Forbes that neither Sanoma nor its representative in Russia “does comment sensitively.” Representatives of Dow Jones and FT were pleased to comment.
The amount of the operation is still unknown. Previously, RBC estimated the value of Sanoma Independent Media's assets in the range of 2,8 to 5,3 billion rubles. Consulting for Citibank. Citibank did not allow Forbes to ask.
Hervey is prominent on the Russian market in the first place as the founder of the STS channel and Maximum radio.
Apparently, on the 15th, Russian President Vladimir Putin signed a law on the exchange of a portion of foreign shareholders from the statutory capital of Russian companies at the level of 20% and the protection of foreigners as their leaders Features of mass information in the Russian Federation.
The norms established by the document will be introduced from 1 June 2016. The authorities of the ZMI are given an hour until February 1, 2017 to bring all corporate regulations into compliance with the law, and new documents about the authorities and the guilty leaders will be transferred to Roskomnadzor no later than February 15 2017 roku.
Zokrema, under the law, to destroy CTC Media (channel “CTC”), another after VGTRK for the audience’s hunt for the audience of non-terrestrial channels in Russia, Swedish Viasat, publishing house Sanoma Independent Media (SIM), Forbes magazine, Echo of Moscow radio stations, newspaper "Vedomosti".
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