Turkish billionaire Mehmet Emin Karamehmet is pushing ahead with plans to reclaim a stake in the nation’s top mobile-phone company from Russia’s Mikhail Fridman, tapping into a loan market showing signs of recovery.
TNK-BP said billionaire investor Mikhail Fridman resigned as chief executive officer, deepening a dispute between BP Plc and Russian shareholders at Russia’s third-largest oil producer.
L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG’s Dea oil and gas unit, gaining assets in the U.K., Germany and the North Sea.
Russian billionaire Mikhail Fridman suffered a second setback this year for an effort to expand his telecommunications empire as his bid for Orascom Telecom Holding SAE failed to win support.
"Utemuratov understands that we live in a transparent world."
- Mikhail Fridman on Nov 13, 2013