Alexey Mordashov regained control of Nordgold

Alexey Mordashov regained control over the gold mining company Nordgold and a stake in the tour operator TUI. Interfax writes about this with reference to the data of the SPARK-Interfax system.

Mordashov Sr. became the owner of 100% of KN-Holding, which owns 65% of Unifirm. The latter holds about 34% of the TUI package and almost 100% of Nordgold. The remaining 35% in Unifirm belongs to Mordashov himself through other structures. Thus, with the latest restructuring, the entrepreneur has concentrated control over Unifirm in his hands.

The transfer of shares to Mordashov is carried out “in order to improve the efficiency of property management,” his spokesman told Interfax.

Since December 2018, KN-Holding has been owned in half by the sons of businessman Kirill (22 years old) and Nikita (21 years old). In January 2021, the FAS approved an increase in Kirill Mordashov’s stake in KN-Holding to 100%. This happened after his brother Nikita was expelled from the Higher School of Economics for academic failure and went to serve in the army.

In April 2021, Mordashov Sr. for the first time topped the list of the richest Russian billionaires according to Forbes. The state of the businessman, taking into account the assets transferred to his sons, was estimated at $ 29.1 billion.

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