Having already resigned as chairman of the Russian Crab Group and the Russian Fishery Company, and subject to US sanctions, Russian entrepreneur Gleb Frank has also sold his controlling shares in both companies.
His 70.10% stake in Russian Crab and 70.09% holding in the Russian Fishery Company, as well as a controlling stake in Rockwell Capital, have been acquired a group of asset managers on what are described as ‘market terms.’
According tot he companies, the current priorities are to maintain employment, the stability of fishing operations and the uninterrupted supply of seafood products to the market.
‘I have made the decision to sell a majority stake in the assets to key managers who have helped me develop these over recent years,’ Gleb Frank said.
‘I am sure that they will cope with the task of maintaining the stability of operations, jobs, and ensure the fulfilment of obligations to buyers of products and creditors without my participation. I intend to focus on personal projects in the Russian Federation.’
