10.11.2023, 11:29
Bloomberg: the departure of Western companies led to the formation of a new business elite in Russia
Source: OREANDA-NEWS
OREANDA-NEWS Taking advantage of the forced departure of Western companies from Russia, the "new wave of entrepreneurs" that appeared in the country after the outbreak of hostilities in Ukraine acquired assets at a significant discount, Bloomberg writes. According to the analytical agency AK&M, in 2022 and the first half of 2023, foreign companies sold businesses in Russia worth over $21 billion. The agency notes that buyers of foreign assets are not among the richest Russians and for the most part are little known outside of Russia, while they have been doing business for several decades either at their own enterprises or together with "famous billionaires".
Among the companies that sold their Russian business at a significant discount, Bloomberg points to the McDonald's fast food restaurant chain, whose assets were bought by businessman Alexander Govor, the American packaging manufacturer Ball Corp., the German manufacturer of cleaning and detergents, cosmetics and personal care products Henkel AG.
The most expensive deals that were concluded after February 2022 were the acquisition of shares in the Avito advertising service, the plant of the international company Mondi in Syktyvkar, as well as Henkel assets.
The deal on the sale of Avito shares from the South African holding Naspers (owned by the group through the Dutch investment company Prosus) was concluded in October last year. The holding Kismet Capital Group of the former CEO of MegaFon Ivan Tavrin became the owner. The transaction amount amounted to 151 billion rubles.
Among the companies that sold their Russian business at a significant discount, Bloomberg points to the McDonald's fast food restaurant chain, whose assets were bought by businessman Alexander Govor, the American packaging manufacturer Ball Corp., the German manufacturer of cleaning and detergents, cosmetics and personal care products Henkel AG.
The most expensive deals that were concluded after February 2022 were the acquisition of shares in the Avito advertising service, the plant of the international company Mondi in Syktyvkar, as well as Henkel assets.
The deal on the sale of Avito shares from the South African holding Naspers (owned by the group through the Dutch investment company Prosus) was concluded in October last year. The holding Kismet Capital Group of the former CEO of MegaFon Ivan Tavrin became the owner. The transaction amount amounted to 151 billion rubles.
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