Republic of Kalmykia » airline company

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 (more…)

Tags: airline company, Alexander Melnik, Black sea, Bulgaria, Burgas, Business, Credit Mediterranee, Denis Ershov, European territory of Russia, Evgeny Roitman, FIDE, football club, fuel company, gas, Hotel Pomorie, investments in Bulgaria, Investments in Europe, Kalmykia, Kirsan Ilyumzhinov, Mitko Sabev, Petrol, Petrol Holding, petrol stations, petrol warehouses, petroleum products, port terminals, President of FIDE, President of Kalmykia, Russia, Sofia, Southeast Asia, stadium, tax-free area, telecom projects, telecommunications, Varna