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Files under: Enterprise, Inside View, News
Posted by: Quintura @ 00:44 [24. 11. 08]
 When the economy is shrinking it’s good time for private equity investors to buy assets at a low valuation. There have been numerous reports in online media in Russia that is going to acquire . Here is the one confirmed by the newspaper.
ONEXIM Group, which is led by Mikhail Prokhorov, is one of Russia’s largest private investment funds with a focus on mining industry, innovative projects in energy and nanotechnology, real estate and other industries. ONEXIM has more than $25 billion in funds under management.
In Russia, the Forbes magazine is published by . The magazine web-sites and that are published by Axel Springer use the visual-based site search from Quintura.
ONEXIM Group has recently financed the launch of the magazine in Russia. Next, coming are the Snob TV and muti-media online portal on .
In September 2008, ONEXIM Group acquired 50% of Renaissance Capital, the leading investment bank in the Russian, CIS and African markets for $500 million. The bank advised the shareholders of Mail.ru on a sale of 30% stake to media and Internet group Naspers.
Tags: Axel Springer Russia, Forbes Axel Springer, Mikhail Prokhorov, Mikhail Prokhorov ONEXIM, Naspers, ONEXIM Forbes, ONEXIM Group, ONEXIM Renaissance Capital, Russian Newsweek
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