Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Russian businessman Vekselberg considering privatization, interested in mining industry

Speaking about current prices for Russian assets he said “they look quite fair”

Chairman Renova’s board Victor Vekselberg © Alexander SherbakTASS

 

Chairman Renova’s board Victor Vekselberg is interested in privatization of assets, particularly in the mining industry, he said on Saturday.

“Of course (there is privatization interest), ” he said, adding that “the issue is the price.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The businessman refused to say which assets is of interest. “Oil and gas sector definitely not, everything else will be thoroughly considered, ” he said.

When answering the question whether Alrosa falls within his interests Vekselberg said: Alrosa, yes. We’re traditionally interested in the mining industry so we’ll be thoroughly examining (it), ” he said.

Speaking about current prices for Russian assets he said “they look quite fair.” “The question is what stake will be sold, under what terms, how the company looks like from the viewpoint of mid-term prospects – it’s a complex of factors that will define our interest to assets, ” the business said.
By TASS

READ MORE: Victor Vekselberg

VICTOR  Viktor Vekselberg

Russian billionaire Viktor Vekselberg’s Renova Group, has cemented control of Sulzer AG after a tender offer raised its stake in the Swiss supplier to oil and gas companies, to almost two thirds of More…

VICTOR  Viktor Vekselberg

Sanctions, tanking oil prices and the freefall in the ruble have altered many fortunes, particularly the Who’s Who on the Russian’s Rich List. There has been a change of the guard, with Alisher More…

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.