The Seventeenth Arbitration Court of Appeal satisfied the claim of the Prosecutor General's Office on the transfer of shares of CHEMK plants to state ownership. This is stated in the court's decision.
Earlier, details of the lawsuit became known, with the help of which the Prosecutor General's Office in arbitration seeks to claim in favor of the Russian Federation three enterprises of the Chelyabinsk Electrometallurgical Combine (CHEMK) industrial group.
The privatization carried out in the 1990s was declared illegal.
CHEMK JSC was established in 1992 through the privatization of the state enterprise Chelyabinsk Electrometallurgical Plant. Until June 2023, the company belonged to JSC USMK (Ural-Siberian Metallurgical Company). In 2023, USMC was liquidated and all rights were transferred to JSC Etalon Company, established in 2022.
Until September 2022, CHEMK was the owner of JSC Serovsky Ferroalloy Plant and LLC Russian Stainless Steel Company. In September 2022, the Serov Ferroalloy plant was transferred to the parent company, and the Russian Stainless Steel Company was sold to the Sinara Group.
As of the beginning of 2023, the owner of CHEMK – Ural-Siberian Metallurgical Company was 49% owned by Sergey and Alexey Antipov in equal parts.
CHEMK's revenue for 2022 amounted to 97.5 billion rubles.
