Posts Tagged ‘Petrol Holding’

Famous businessman from South Russia

Famous businessman from South Russia Macroeconomic environment in 2012 deteriorated again – to slow down the dynamics of investment and economic growth in general, increased interest rates on loans to business, not increased certainty in the international markets. Against this background, found in the south of Russia figure memorable bright business initiatives, it was not easy.

However, in our opinion, such a figure appeared, Kirsan Ilyumzhinov, who reasserted itself as over-ambitious entrepreneur, able to solve problems, is still unaffordable for the South. Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , ,

FIDE chief Kirsan Ilyumzhinov and Ashmore Group set up a joint fund

Kirsan Ilyumzhinov The President of the World Chess Federation and ex-president of Russia’s Republic of Kalmykia, Kirsan Ilyumzhinov is reportedly going to set up a $10 billion investment fund with UK major Ashmore Group.

Ex-president of Russia’s Republic of Kalmykia Kirsan Ilymzhinov and Ashmore CEO Mark Coombs signed an agreement in London, reports Kommersant Daily. The joint fund would develop projects in Russia, CIS and East Asian countries such as Malaysia, Singapore and Japan, focusing on energy, telecommunications, metals and food industries.

The initial capital of the fund would be $1 billion, and then it would be increased up to $10 billion. The fund plans to attract foreign investment Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

Russian oligarch buys Bulgarian oil company “Petrol Holding”

Kirsan Ilyumzhinov and Queen of chess Alexandra Kosteniuk in Kalmykia Russian oligarch buys Bulgarian oil company “Petrol Holding”. Former President of the Republic of Kalmykia and President of the World Chess Federation (FIDE), Kirsan Ilyumzhinov, became a majority owner of the largest Bulgarian fuel distributor “Petrol Holding”.

The Switzerland-based company “Credit Mediterranee”, owned by Kirsan Ilyumzhinov, has bought the shares of Dennis Jersov and Alexander Melnik which amounted to 52.5%, the remaining part of 47.5% belongs to the Bulgarian businessman Mitko Sabev.

For 17 years (between 1993 and 2010), Ilyumzhinov was president of Republic of Kalmykia – a constituent part of the Russian Federation (European territory of Russia). Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The President of the World Chess Federation and ex-president of Republic of Kalmykia Kirsan Ilyumzhinov has bought a 52.5% stake in Bulgaria’s largest fuel company Petrol Holding

Kirsan Ilyumzhinov The President of the World Chess Federation and ex-president of Russia’s Republic of Kalmykia, Kirsan Ilyumzhinov has bought a 52.5% stake in Bulgaria’s largest fuel company Petrol Holding.

Swiss-based Credit Mediterranee owned by Kirsan Ilyumzhinov bought the 47.5% stake owned by Denis Ershov and the 5% stake owned by Alexander Melnik, Vedomosti Daily reports. Ilyumzhinov plans to buy 100% of Petrol and is currently engaged in negotiations with another shareholder Mitko Sabev, who holds a 47.5% stake.

The cost of the deal has Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,