HedgeCo.Net- Russia\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s tycoon Mikhail Prokhorov announced the creation of a new private investment fund based on his assets, the ONEXIM Group. The worth of new undertaking exceeds $17 billion, and a stake of 22-percent in GMK Norilsk Nickel is its major asset.<\/p>\n
Dmitry Razumov, who had been Prokhorov\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s deputy for strategy and M&A in Norilsk Nickel till 2005 will be ONEXIM Group\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s General Director and Potanin’s partner. Together they plan on reaching $30-billion capitalization in five years.<\/p>\n
ONEXIM Group was named after a bank, the starting point for Potanin and Prokhorov in early 1990. “Despite the attempts to declare ONEXIM bankrupt, it met all commitments to creditors,” Prokhorov clarified implication of the new undertaking\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s name.<\/p>\n
ONEXIM\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s emergence actually completes the split of Interros assets between Mikhail Prokhorov and Vladimir Potanin. The partners, however, no longer say that Potanin will buy out Prokhorov\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s stake in Norilsk Nickel, although exactly this deal has been viewed the milestone in the friendly division of assets.<\/p>\n
“We stake on the projects, where Russia has objective competitive advantage. Our experience, analysis of the market and of development trends of Russia\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s and world economies convince us that innovation and high-tech projects are the most promising,” Prokhorov said when presenting Onexim Group.<\/p>\n
Alex Akesson<\/p>\n
Contributing Writer HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! <\/p>\n Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a> <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" HedgeCo.Net- Russia\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s tycoon Mikhail Prokhorov announced the creation of a new private investment fund based on his assets, the ONEXIM Group. The worth of new undertaking exceeds $17 billion, and a stake of 22-percent in GMK Norilsk Nickel is its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6143","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6143"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6143\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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