Raven Prop P Discussion Threads

[ravenrussia] 02/12/2024 19:55

Ukraine’s exhausted troops in Russia told to cling on and wait for Trump

[ravenrussia] 09/11/2024 14:25

9 November 2024, 13:03 GMT
Updated 13 minutes ago
A senior adviser to president-elect Donald Trump says the incoming administration will focus on achieving peace in Ukraine rather than enabling the country to gain back territory occupied by Russia.

Bryan Lanza, a Republican party strategist, told the BBC the Trump administration would ask Ukrainian President Volodymyr Zelensky for his version of a "realistic vision for peace".

"And if President Zelensky comes to the table and says, well we can only have peace if we have Crimea, he shows to us that he's not serious," he said. "Crimea is gone."

[zangdook] 08/11/2024 09:10

It's a mistake to read the NATO precedent across to Russia. It's true that NATO was emboldened by its success in dismantling Serbia by force, but Russia's interests are clearly known and much less ambitious.

[stemis] 08/11/2024 08:50

Trump: So Mr Putin, what do you want to stop the war?
Putin: All the territory we currently occupy, including Crimea, and Ukraine to agree never to join NATO or the EU.
Trump: I've spoken to Zelensky and told him that if he doesn't agree to that, the US will stop ALL military aid.
Putin: Ok, so let's now talk about the Baltic States...

[montyhedge] 07/11/2024 20:57

Putin ready to speak to Trump, FT tonight, can Trump pull something out the bag for peace.I'm ready to buy shedloads of pref, when war finally ends.

[pbaker] 06/11/2024 11:03

Peace in our time. I look forward to Trump winning the Noble prize for Peace.

[wskill] 06/11/2024 10:17

I would add JEMA to your list with its Russian holdings valued at zero .

Not zero but a 99% reduction in valuation

[ravenrussia] 06/11/2024 09:43

Trump victory see EUA and FXPO

He's pledged to end war

Hopefully RAV may well be OK

I spoke to CEO last week and there is nothing to update as the claims are /were spurious

[ravenrussia] 24/9/2024 17:18

Zelensky saying peace sooner than we think (bbc news)

[redhorse2020] 11/9/2024 18:43

Makes sense I suppose - sounds like they need to tread very carefully...

[ravenrussia] 11/9/2024 18:14

Reply was that once they've addressed all points raised they'll update market but as can be imagined it's a complicated matter

[ravenrussia] 11/9/2024 16:12

I have sent this

[ravenrussia] 11/9/2024 16:12

Good evening Glyn

Now that the dust has settled is there any updates which shareholders need to watch out for on the Website please

Thanks in advance

[gfrae] 10/9/2024 18:44

dandigirl is probably referring to y our previous post stating that there would be sn update in the coming days/weeks. The Komersant article quoted suggests that this could be far from a "non event".

[ravenrussia] 10/9/2024 17:13

I assume (like CEO suggested on the phone call ) that it's a "non event" but I can happily follow up tomorrow?

[dandigirl] 10/9/2024 07:48

So where is this update?

[1917again] 29/8/2024 07:50

Yep unfortunately sounds like Putin stealing again

[ravenrussia] 29/8/2024 07:47

This is not Putin , it seems like some oligarch chancing their arm.
There will be an update on the coming days /week

[renewed1] 29/8/2024 06:39

Reads like Putin wants to grab the assets. He usually gets what he wants in Russia.

[ravenrussia] 28/8/2024 17:56

Literally just spoken to company , very re assured.
I cannot comment as yet but watch this space

[ravenrussia] 28/8/2024 17:49

I have sent Ceo a message

[ravenrussia] 28/8/2024 17:47

So what does this mean in simple terms?
What's happened?

[drradcliffe] 28/8/2024 15:41

I think this is the source article that Intellinews is quoting from. (Translated using Google.)

hxxps://www.kommersant.ru/doc/6905546?query=Phoenix%20Property

Market of logistics parks and warehouses
20.08.2024, 18:14

Raven warehouses taken under surveillance
Owners of Russia's Largest Logistics Assets Accused of Sham Deals
Kommersant has learned that the Prosecutor General's Office has decided to turn over to the state the shares of enterprises that are part of the Raven Russia group of companies, the largest owner of warehouse real estate in the country. According to the supervisory authority, assets from almost 2 million square meters of logistics parks were bought up by foreigners in circumvention of the restrictions imposed on this, and were then legalized thanks to a number of sham transactions.

According to Kommersant’s sources in the supervisory agency, the Prosecutor General’s Office filed the claim with the arbitration court “in order to ensure the country’s defense and state security.” The lengthy document recalls that back in 2008, Federal Law No. 57 “On the Procedure for Implementing Foreign Investments in Economic Entities of Strategic Importance for Ensuring the Country’s Defense and State Security” was adopted, which established bans on foreign participation in such enterprises without the approval of the government commission for monitoring the implementation of foreign investments in the Russian Federation.

The Prosecutor General's Office has uncovered cases of illegal establishment of control over strategic companies by a group of individuals and violation of the legislation on special economic measures. The Raven company was involved in this schemePropertyGroup Limited, established in 2005 on the island of Guernsey (under British jurisdiction) to carry out investment activities.

However, according to the supervisory authority, its beneficiaries decided to “invade” the economic space of Russia, “disregarding its legal order, and monopolize the strategic type of activity of providing services in transport terminals.”

To that end, prosecutors believe RavenPropertyUntil 2020, Group Limited purposefully bought up Russian companies that owned transport terminals. In doing so, it ignored the rules and procedures provided for in Articles 7 and 8 of Federal Law No. 57, according to which it was necessary to notify the authorized state authority and obtain its consent to establish control over companies of strategic importance.

As a result of the transactions, the Raven Russia group of companies was created, which included the companies owned by RavenPropertyGroup Limited companies: JSC Toros, JSC Resurs-Ekonomiya, JSC Kulon-Istra, JSC Kulon Development, JSC Noginsk-Vostok, OOO Feniks, OOO Soyuz-Invest, OOO Delta, OOO Sever Estate, OOO EG Logistika, OOO Liga, OOO Kulon SPB, OOO Gorigo, OOO Logopark Don, OOO Logopark Ob, OOO KIP 1, OOO Kstovo Development, as well as the limited liability company Dorfin Holdings Limited, located in Moscow, Moscow region, St. Petersburg, Nizhny Novgorod, Novosibirsk and Rostov-on-Don.

According to the Prosecutor General’s Office, in violation of the legislation on strategic companies, Raven “took measures to remove the holding company being created from state antimonopoly control.”

To do this, she registered enterprises in the names of dozens of offshore structures, includingPhoenixReal Estate Investment Holdings Limited (formerly Prestino investments Limited),Phoenix PropertyGroup Limited, Raven Russia Holdings Cyprus Limited, etc.

At the same time, the supervisory authority believes that the offshore companies played the role of front organizations, since they did not conduct business activities and acted as nominal holders of shares and stakes in Russian joint-stock companies, “ensuring hidden ownership and extraction of profits for their subsequent transfer abroad.” As a result, RavenPropertyGroup Limited illegally became the owner of the country's largest network of logistics parks (transport terminals), located near Russia's critical transport infrastructure.

Raven Russia Group of Companies is the largest owner of warehouse real estate, a single technological complex for the provision of services in the field of storage and transportation of goods. Its facilities act as transport terminals located on highways (MKAD, Finland-Russia-Ukraine transport corridor, Moscow-Rostov-on-Don highway), air (Sheremetyevo, Vnukovo, Pulkovo airports), sea (port of St. Petersburg) and rail (Moscow Railway) transport facilities. According to the Group's own data, the company's portfolio includes about 1.9 million square meters of logistics parks. It was founded in 2005 by British businessmen Anton Bilton and Glyn Hirsch, its shares were traded on the London Stock Exchange, and then on the Moscow Exchange. In 2018, the British company changed its name to RavenPropertyGroup, and the Russian division, in turn, retained the Raven Russia brand.

After the start of a special military operation in Ukraine, on March 17, 2022, the company announced its intention to transfer control of the business in Russia to local top management, headed by the head of the division, Igor Bogorodov. Through Prestino Investments, as Forbes wrote , they bought out 100% of the Cypriot Raven Russia (Holdings) Cyprus Limited, which held Russian assets on its balance sheet. In August last year, the publication, citing the registration chamber, reported that these companies had changed jurisdiction from Cyprus to the UAE. The first was namedPhoenixReal Estate Investment Holdings Limited, second -Phoenix PropertyGroup Limited. At that time, the company representative explained this decision as the most efficient organization of business processes in the context of sanctions and counter-sanction restrictions.

According to the Prosecutor General's Office, the holding is of strategic importance for ensuring the defense and security of the state. Meanwhile, as stated in the lawsuit, in 2022-2023 RavenPropertyGroup Limited “abandoned law-abiding economic activity” by joining in the implementation of sanctions decisions of the United States, Great Britain and the European Union.

Despite the bans imposed by the Russian authorities, the company continued to transfer income from strategic enterprises abroad, the supervisory authority believes, noting that Rosfinmonitoring and the Federal Tax Service of Russia “documented the transfer of financial assets abroad in the amount of more than 3 billion rubles.”

As stated in the claims, Raven decided to conceal its affiliation with the UK and its involvement in the implementation of this state's sanctions on the territory of Russia, for which purpose it formally changed the ownership structure of Raven Russia Group in March 2022.

For this purpose, the "appearance of transferring the organization to a jurisdiction friendly to the Russian Federation - the UAE" was created. In reality, the Prosecutor General's Office notes, Raven retained full control over strategic enterprises in the Russian Federation.

To this end, the parent company Raven, as well as the managers of the Raven Russia Group of Companies, Igor Bogorodov and Yaroslav Shuvalov, concluded, according to the Prosecutor General's Office, a sham transaction on March 17, 2022 - an option agreement. In May of the same year, an addendum to it was adopted. According to the terms of these documents, Messrs. Bogorodov and Shuvalov acquired 92% and 8% of the shares in the company's authorized capital, respectively.PhoenixReal Estate Investment Holdings Limited. In turn, this company, remaining under the control of RavenPropertyGroup Limited, purchased 100% of shares in the authorized capitalPhoenix PropertyGroup Limited.

According to the supervisory authority, Messrs. Bogorodov, Shuvalov and the Raven companyPropertyGroup Limited pursued the goal of buying and selling not offshore companies, but shares and stakes in Russian enterprises that are part of the Raven Russia Group of Companies.

The transactions in March and May 2022, according to the Prosecutor General's Office, were fictitious, and their purpose was to try to cover up another transaction - the purchase of RavenPropertyGroup Limited 100% of shares and stakes of organizations included in the Group. The defendants did not coordinate their actions with the FAS and the Russian government in advance, and their result was control over strategic enterprises, illegally established by US citizen Bogorodov, his partner Shuvalov, and RavenPropertyGroup Limited, prosecutors note.

In arbitration, the supervisory authority demands that the transactions of spring 2022 be declared null and void; that the shares of Russian companies located in offshore accounts in the UAE be recovered as income for the Russian Federation; that they be seized until the decision is executed, as well as all the assets of Messrs. Bogorodov and Shuvalov.

Representatives of the defendants told Kommersant that “all comments are premature” until they study the documents in the case.

In the spring of this year, Raven Russia began looking for buyers for some of its assets — three office and four warehouse complexes in St. Petersburg and the Moscow region, RBK wrote . The company itself said that it wanted to focus on building new logistics parks in projects where there were vacant lots. So far, they have managed to sell only one property — the 18.4 thousand square meter business center "Primium" in the north of St. Petersburg. The new owner was the closed-end mutual investment fund RD 2, managed by the company "Sberezheniya Plus" (formerly "VTB Capital Pension Reserve"). If the prosecutor's claim is allowed to proceed in arbitration, such transactions will be suspended. In the meantime, the parties are deciding which court should consider the claim — the Moscow Arbitration Court or the Moscow Region Arbitration Court.

Nikolay Sergeev, Daria Andrianova