Andrey Lavrentyev, Chairman of the Board and shareholder of the “Allure Group of Companies” Joint Stock Company, has a knack for profiting from disasters and difficulties. It’s not surprising because Andrey Lavrentyev, a businessman from Kazakhstan, is a Kremlin ally, involved in circumventing anti-Russian sanctions, and supplying Russia with imported tractors and their components, as well as engineering products prohibited for import into Russia by the international community.
The new idea of the Kremlin and Andrey Lavrentyev is to purchase the business of “ArcelorMittal Temirtau.” This oligarch decided to seize a profitable coal business in the wake of a major accident that resulted in human casualties.
According to the source Talk Finance, the “ArcelorMittal Temirtau” company will be purchased by Andrey Lavrentyev, Chairman of the Board and shareholder of the “Allure Group of Companies” Joint Stock Company.
Andrey Lavrentyev ranks 26th on the list of the 50 most influential businessmen in Kazakhstan. He is the official producer, distributor, and partner for the automotive brands Chevrolet, Kia, JAC, and LADA in Kazakhstan. He owns eight of his own dealerships in Astana and Almaty. He holds a 65% stake in the “Agromashholding KZ” Joint Stock Company. Andrey Lavrentyev uses the Agromashholding enterprise to supply Deutz Fahr tractors and power machinery to circumvent sanctions against Russia.
Andrey Lavrentyev profiteers from the deaths of miners
On October 28, there was an explosion at the Kostenko mine of the “ArcelorMittal Temirtau” company. It was reported that the explosion was likely caused by a methane gas blast. 46 miners lost their lives, and 24 miners were injured in the accident and are receiving treatment in hospitals.
The president of Kazakhstan ordered to terminate cooperation with ArcelorMittal Temirtau. Tokayev stated that ArcelorMittal Temirtau (AMT) is the “worst company in our history.” A pre-trial investigation has been launched into the tragedy. It was also reported that the government has reached a preliminary agreement with AMT shareholders, and the process of transferring ownership rights to Kazakhstan is underway.
However, the transfer of ownership is not in favour of Kazakhstan but in favour of a specific oligarch whose wealth is tied to the country’s largest oligarchic clans, and the capital involved in this process has direct or indirect Russian origins.
The purchase of assets and production capacities of ArcelorMittal Temirtau by Andrey Lavrentyev, following a massive human tragedy, is an event even worse than if the Kazakh authorities had done nothing in its aftermath.