Vladimir Potanin News
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The head of Societe Generale SA’s Russian unit was detained in a sting operation with cash on his desk after demanding $1.5 million from a company seeking to modify loan terms, Russian police said.
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When Paul Heth showed up in Moscow after the Soviet Union disbanded, the former U.S. soldier had nothing more than $600 and a love of movies. Now he’s taking on some of Russia’s wealthiest men in a race for box office riches.
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Billionaire Mikhail Prokhorov’s Onexim Group, a United Co. Rusal shareholder, is looking at buying debt issued by the world’s largest aluminum producer to boost its influence over management decisions.
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St. Galler Kantonalbank AG, which is majority-owned by the Swiss canton of St. Gallen, said it may sell part of its Hyposwiss private bank after reviewing its cross-border business.
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Roman Abramovich, Russia’s eighth- richest person, is the country’s most charitable billionaire.
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Russian billionaires Vladimir Potanin and Alexander Mamut merged their online-media assets to create Russia’s third-largest Internet group by audience.
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Visitors to Krasnaya Polyana, a skiing area in southern Russia that will host the Sochi Winter Olympics next year, could be forgiven for feeling like they’ve been stranded in a building site.
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Cyprus is undermining trust in European banks and can be likened to Lehman Brothers Inc., whose collapse ignited the 2008 global economic crisis, Russian billionaire Vladimir Potanin said.
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OAO GMK Norilsk Nickel appointed former De Beers chief Gareth Penny as chairman after the nickel company’s biggest owners ended a four-year feud over governance.
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Russian billionaire Vladimir Potanin ’s offer to buy United Co. Rusal’s stake in OAO GMK Norilsk Nickel for $9 billion is “the beginning of an end” in a feud between the company’s two largest shareholders, UralSib Financial Corp. said.
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