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1
MAJOR
RUSSIAN
FERTILIZER
EXPORTER
TOGLIATTIAZOT
(TOAZ)
AND
OFFSHORE
FRAUDS
AGAINST
IT:
SUMMARY
OF
FACTS
18
September
2015
Togliattiazot,
Its
Business
and
Main
Shareholders
1.
Togliattiazot
is
one
of
the
world’s
largest
producers
of
ammonia,
located
in
the
town
of
Togliatti
on
the
Volga
river
in
Russia
(http://www.toaz.ru/eng/).
It
is
a
public
joint-‐
stock
company
under
Russian
law
whose
shares
are
traded
at
MMVB-‐RTS
stock
exchange
in
Moscow
(www.moex.com)
under
ticker
TLAZ
(ISIN
RU007661104).
The
short
name
for
Togliattiazot
is
TOAZ.
2.
Togliattiazot’s
main
exports
reach
the
world
market
through
its
major
trader
–
Nitrochem
Distribution
AG,
based
in
the
canton
of
Basel-‐Country
in
Switzerland
(http://www.ameropa.com/worldwide/switzerland.html).
3.
Nitrochem
Distribution
AG
is
wholly
owned
by
Ameropa
Holding
AG,
part
of
the
trading
group
Ameropa
(www.ameropa.com).
4.
Togliattiazot
is
jointly
controlled
by
two
main
shareholders
–
the
Makhlai
brothers
and
Ameropa.
The
Makhlai
brothers
are
sons
of
Mr.
Vladimir
Makhlai,
the
director
general
of
Togliattiazot
in
the
1990s
and
early
2000s.
They
are
Russian
citizens
who
now
reside
in
Europe
and
USA.
The
principals
of
Ameropa
are
the
Zivy
family,
based
in
Switzerland.
The
two
families
jointly
control
over
70%
of
Togliattiazo