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Lukashenka’s Friend Gutseriyev To Share Belarusian ‘Slavkali’ With Relatives

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Lukashenka’s Friend Gutseriyev To Share Belarusian ‘Slavkali’ With Relatives
MIKHAIL GUTSERIYEV
PHOTO: OLEG YAKOVLEV/RBK

The Gutseriyevs have over 30 children and nephews.

Russian businessman Mikhail Gutseriyev is handling the Belarusian company Slavkali alone, devoting “six weekends a month” to this new project, Forbes writes. However, he said to the magazine, several more relatives of his will own Slavkali, alongside with other family projects, tut.by reports.

The Gutseriyevs have over 30 children and nephews. In the last year, two of them — Gutseriyev’s son Said and nephew Bilan Uzhakhov — became shareholders of the Safmar group, which unites the main assets of the billionarie. This regulation extends on Slavkali.

“It doesn’t really matter when the division will happen, — Gutseriyev said. — It depends on the situation. In any case, I will own the contol stake, and all the others will have equal shares.”

Important to note, in 2011, an investment agreement was signed between the government of Belarus and Gutseriyev’s company. The investment project envisages the construction of the Nezhyn ore mining and processing enterprise on the basis of the Starobin potassium salt deposit and associated infrastructure. The future capacity of the enterprise is up to 2 million tons of potassium chloride per year. The volume of investments is 2 billion dollars. The State Development Bank of China will provide a loan of $ 1.4 billion, Gutseriyev will invest another $ 600 million.

"In 2017, the volume of investment will be 164 million dollars. Of these, 123 million is our part, 41 million are Chinese loans. Next year, we give 60 million. China gives 340 million, " — Mikhail Gutseriyev said at a recent meeting with Aliaksandr Lukashenka

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