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I.d. CEO of the Russian chemical corporation Tolyathiazot (TOAZ) was detained on Friday, a day before an extraordinary general meeting of shareholders, the company’s press service said, quoted by TASS.
The lawyers of the director Andrey Bobkov clarify the reasons and circumstances for his detention. The extraordinary general meeting was initiated by the minority shareholder Uralchim, the statement said.
Earlier, Bobkov signaled to the Federal Security Service, the Investigative Committee and the prosecutor’s office that yesterday morning units of police special units and the Rosguardia blocked the entrances and exits of the TOAZ enterprise, and private security guards were expelled.
I.d. the director claims that these actions were aimed at forcible takeovers by Uralchim, with which TOAZ has been in a long-running lawsuit.
Togliattizot is one of the largest producers of ammonia and urea in Russia. Uralchim holds 9.97 percent of its shares.
Later on Saturday, it was announced that an extraordinary general meeting had taken place and the minority owner had taken control of the company.
The general meeting of the Russian company Togliattiazot (TOAZ) today approved the composition of a new board of directors and a new general director, who represents the minority shareholder Uralkhim. This was announced by the Deputy General Director of Uralchim Rinat Gizatulin, quoted by TASS.
According to him, the powers of the current manager Andrey Bobkov and the current board of directors have been terminated. Of the five members of the new council, four are employees of Uralchim.
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