Minutes of decisions of the single shareholder of the Monégasque SCP ALTA MIRA, unique founder of the French company, SCI Atlantic, on the transfer of shares from Gennady and Elena Timchenko to SCP ALTA MIRA, represented by Kirill Shamalov, “manager” (“gérant”), registered in Monaco.
This is a way for the Timchenkos to sell a €4.5-million villa in Biarritz, on the Atlantic coast of France, to Shamalov, previously covered in the press. At that juncture, shareholders of ALTA MIRA could not be disclosed because of Monégasque law: creation of a SCP — société civile particulière — is not announced in “Journal Officiel” (the government’s official publication) and, even upon request, their beneficiaries cannot be disclosed.
Kirill Shamalov, born in 1982, is son to member of Ozero cooperative, Nikolay Shamalov (Putin was among its founders), and shareholder of Bank Rossiya. Kirill Shamalov was reportedly married to Putin’s daughter.