Viktor Vekselberg

Viktor Felixovich Vekselberg is a Ukrainian-born Russian business oligarch. He is the owner and president of Renova Group, a large Russian conglomerate. In 2003, the Renova Group, along with Access Industries and the Alfa Group announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine, forming the AAR consortium. In the same year, they merged AAR with British Petroleum's Russian oil assets in a 50-50 joint venture named TNK-BP, the largest private transaction in Russian history. Acting as a chairman of the executive board of TNK, Vekselberg was instrumental in negotiating and closing the transaction.


Renova case against Varshavsky dismissed in US

MOSCOW, January 21 (RAPSI) - A case brought before a US federal court by Renova Industries Ltd. (Renova), a Bahamas corporation within Russia’s Renova Group, against New York Motors Corp. (NYMC) and Alexander Varshavsky, its CEO and beneficial owner, has been dismissed according to court documents obtained by RAPSI

Source: | Date: 21st January 2014 Read more

Rusal approves terms to settle dispute with Sual

MOSCOW, January 16 (RAPSI) – The Rusal board on January 15 approved the terms for a settlement in the arbitration proceedings filed by Len Blavatnik and Viktor Vekselberg’s Sual Partners Ltd against Glencore International AG, En+ Group Limited, the company and Oleg Deripaska, Rusal said in a statement.

Source: | Date: 16th January 2014 Read more

The Legacy of Faberge

When it comes to sheer splendour, there won’t be a gallery opening to rival the new Fabergé Museum in St Petersburg this winter. Viktor Vekselberg, whom Forbes rates the fourth richest man in Russia, has spent a reported 1.2 billion roubles (£22.4m) on renovating the Shuvalovsky Palace,

Source: | Date: 31st December 2013 Read more