When Igor Sechin was working as President Vladimir Putin’s deputy chief of staff a decade ago, visitors to his Kremlin office noticed an unusual collection on the bookshelves: row after row of bound volumes containing minutes of Communist Party congresses.
OAO Rosneft is set to gain more than 95 percent of RN Holding, formerly the traded unit of TNK-BP, beyond the threshhold allowing it to squeeze out minority investors, according to a person with knowledge of the matter.
Prospects that Mikhail Khodorkovsky, the former Russian billionaire jailed a decade ago, will be freed in an amnesty program are leading Swedbank Robur and Prosperity Capital Management to predict a stock market rally.
Mikhail Khodorkovsky, the jailed former owner of Yukos Oil Co., will receive a pardon, ending a case that symbolized the lack of rule of law in Russia since President Vladimir Putin came to power more than a decade ago.
As Mikhail Khodorkovsky ends more than a decade in prison, the man who built Russia’s largest oil company following the collapse of communism will find an industry where the state dominates once again.
The February 2013 issue of Bloomberg Markets magazine contains our annual rankings of the world's richest hedge funds. The following 100 comprise our list of best-performing hedge funds managing $1 billion or more. Our rankings are based on data compiled by Bloomberg specialist Anibal Arrascue and information supplied by hedge-fund research firms, hedge funds and investors. Assets and returns are for the 10 months ended on Oct. 31, 2012. Click here for a PDF and here for the accompanying story.
OAO Rosneft sold almost 10 percent of RN Holding to unrelated parties, after acquiring the oil unit as part of its $55 billion acquisition of TNK-BP this year, sparking concerns that it may squeeze out minority shareholders.