Usmanov is chief executive officer of Gazprominvestholding. His fortune stems
from holdings in mining (Metalloinvest, Russia's largest iron ore producer), technology (Facebook, Twitter, Alibaba, Zynga and Groupon through Digital Sky Technologies and Mail.ru) and telecommunications (MegaFon). He also co-owns U.K. soccer team Arsenal.
Qiwi Plc’s planned $403 million secondary share sale is the first major equity offering by a Russian company since President Vladimir Putin’s incursion into Ukraine triggered a rout in the stock market.
OAO MegaFon, Russia’s second-largest wireless operator, agreed to buy at least $600 million of equipment from Huawei Technologies Co. at a time when ties between Russian and Chinese companies are strengthening.
Metalloinvest Holding Co., Russian billionaire Alisher Usmanov’s mining company, is in talks with Chinese companies about selling a stake in a Siberian copper deposit, according to people familiar with the matter.
Qiwi Plc, which runs a Russian Web- payment service similar to PayPal, could benefit if the country moves to create a national card-payment system as a local alternative to Visa Inc. and MasterCard Inc., its chairman said.
Russian billionaire Alisher Usmanov, Arsenal’s second-largest stockholder, spent 952,000 pounds ($1.5 million) to buy 68 more shares in the North London-based soccer team and edge closer to a 30 percent holding.