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LetterOne
LetterOne Holdings S.A. (LetterOne) is an international investment business based in Luxembourg. Its investments are focused on the Telecommunication, telecoms, technology and Energy industry, energy sectors through its two main business units, L1 Energy and L1 Technology. Businessman Mikhail Fridman set up LetterOne in 2013 as part of a broader new investment vehicle using the proceeds from the sale of TNK-BP. Fridman and co-founder Petr Aven stepped down from the company in early March 2022, after the EU imposed sanctions on them in the wake of the Russian invasion of Ukraine. Major assets As of 31 December 2014 assets managed by LetterOne amounted to approximately $25bn. The sources of these assets are funds from the sale of TNK-BP, but also from assets invested in prior to the L1 Group's formation. These include VimpelCom, Turkcell and private equity investments. The company has announced plans to invest in global oil, gas, telecoms and technology sectors. On 4 March 2015, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Fridman
Mikhail Maratovich Fridman (also transliterated Mikhail Friedman; russian: Михаил Маратович Фридман; he, מיכאיל פרידמן; born 21 April 1964) is a Ukrainian-born, Russian–Israeli businessman, billionaire, and oligarch. He is one of the co-founders of Alfa-Group, a multinational Russian conglomerate. According to ''Forbes'', he was the seventh-richest Russian as of 2017. (Moved to 11th place in 2020.) In May 2017, he was also ranked as Russia's most important businessman by ''bne IntelliNews''. In August 2022, Fridman had a net worth of $11.2 billion, according to the Bloomberg Billionaires Index. In 1991 he co-founded Alfa-Bank, one of the largest private banks in Russia. After serving as CEO of TNK-BP, the 50/50 TNK-BP joint venture, for nine years, in 2013 he sold his stake in the company and co-founded the international investment company LetterOne (L1). Until 2022 Fridman was chairman of the supervisory board of Alfa Group Consortium, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indigo Era (economics)
The Indigo Era (or Indigo economies) is a concept publicized by businessman Mikhail Fridman, describing what he views as an emerging new era of economies and economics based on ideas, innovation, and creativity, replacing those based on the possession of natural resources. Fridman is the co-founder of LetterOne, an international investment business, and first publicized the idea in early 2016. The word "indigo" was initially chosen based on the term indigo children, which has been used to describe people with unusual and innovative abilities. Fridman describes the Indigo Era as a disruptive era driven by extraordinary levels of human creativity, where abnormally talented individuals and entities are able to realize new levels of human potential and economic achievement. It is "a new economic era where the main source of national wealth is no longer resource rent but the socio-economic infrastructure that allows every person to realise his or her intellectual or creative potential." B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petr Aven
Petr Olegovich Aven (also transliterated Pyotr Aven; russian: Пëтр Олегович Авен; Latvian: Pjotrs Avens; born 16 March 1955) is a Russian oligarch, businessman, economist and politician who also holds Latvian citizenship. Until March 2022 he headed Alfa-Bank, Russia's largest commercial bank. In March 2022, he resigned from the board of directors at Alfa-Bank and LetterOne Group to help them avoid sanctions. In 2022 he was named the 665th richest person in the world, with a net worth of around $4.7 billion. Aven is believed to be a member of Russian leader Vladimir Putin's inner circle. He is one of many Russian oligarchs named in the Countering America's Adversaries Through Sanctions Act, CAATSA. In 2022, Aven was included in EU sanctions imposed in the wake of the 2022 Russian invasion of Ukraine. He criticized the sanctions, alleging that they had been applied on a "spurious and unfounded basis," and filed a lawsuit in the European Court of Justice. Early lif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mervyn Davies, Baron Davies Of Abersoch
Evan Mervyn Davies, Baron Davies of Abersoch, (born 21 November 1952) is a British former banker and was a Labour government minister until May 2010, as Minister of State for Trade, Investment and Small Business. He is currently non-executive chairman of L1 Holdings, a senior advisor to Teneo, chairman of the LTA, and an honorary professor at Cardiff Business School. Early life Davies was born on 21 November 1952. He was educated at Rydal Penrhos in North Wales. Career Davies started his career in banking at Midland Bank where his father was a bank manager, before moving to Citibank where is worked for 10 years, and then to Standard Chartered in 1993. Davies was Chairman of Standard Chartered PLC between November 2006 and January 2009, having been Chief executive between 2001 and 2006 and a director since 1997. Since 2010, Davies has held executive roles on the board of Corsair Capital LLC where he is the chairman and a partner, a private equity investor. Davies is also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Bildt
Nils Daniel Carl Bildt (born 15 July 1949) is a Swedish politician and diplomat who was Prime Minister of Sweden from 1991 to 1994. He was the leader of the Moderate Party from 1986 to 1999. Bildt served as Sweden's Minister for Foreign Affairs (Sweden), Minister for Foreign Affairs from 2006 to 2014, and as Member of Parliament from 1979 to 2001. Bildt had been noted internationally as a mediator in the Yugoslav wars, serving as the European Union's Special Envoy to the Former Yugoslavia from June 1995, co-chairman of the Dayton Agreement, Dayton Peace Conference in November 1995 and High Representative for Bosnia and Herzegovina from December 1995 to June 1997, immediately after the Bosnian War. From 1999 to 2001, he served as the United Nations Secretary-General's Special Envoy for the Balkans. Since 2021, Bildt also has been the World Health Organization's Special Envoy for the Access to COVID-19 Tools Accelerator (ACT Accelerator). Early life and education Bildt was born o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfa Group
Alfa Group Consortium () is Russian international privately owned investment groups, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments. The group was founded in 1989 as ''Alfa-Eco'' by Israeli-Russian businessman Mikhail Fridman, in partnership with German Khan, Alexei Kuzmichov, Alexander Kushev, and several other partners. As a holding company, in the financial year ending December 2010 Alfa Group had total assets of US$59,900 million, total equity of US$21,790 million and profit for the financial year of US$2,810 million. Return on shareholders' equity were recorded at 13.4%. In April 2012, Altimo sold its entire 25.1% stake in MegaFon to a private investor and to MegaFon for US $5.2 bln. Ownership structure and joint ventures Its central holding company is located in Gibraltar and under the direction of Franz Wolf, the son of Markus Wolf. Alfa G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
L1 Energy
L1 Energy is an oil and gas investment company controlled by the Russian billionaire Mikhail Fridman, through Alfa Group, and chaired by Lord Browne. On 2 March 2015, it was announced that Lord Browne was the executive chairman, and would be renouncing his other roles to build a major new oil and gas company from scratch. L1 Energy will run DEA AG, the purchase of which was announced in March 2014 that DEA for €5.1 billion. L1 Energy will seek to build a global oil and gas company through the acquisition of platforms in Europe, North America and South East Asia. Advisory board As of August 2017: * Lord Browne, former CEO of BP *Tony Hayward, chairman of Glencore * Stan Polovets * Andrew Gould, former chairman of BG Group *Charles Goodyear, former CEO, BHP *Scott D. Sheffield, executive chairman and former CEO of Pioneer Natural Resources Pioneer Natural Resources Company is an American company engaged in hydrocarbon exploration headquartered in Irving, Texas. It operates i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VimpelCom
VEON Ltd. (formerly VimpelCom Ltd.) is a Dutch-domiciled multinational telecommunication services company. It predominantly operates services in the regions of Asia, Africa and Europe. It is the 13th largest mobile network operator in the world by number of subscribers The company operates in nine markets including Algeria, Bangladesh, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Ukraine and Uzbekistan. VEON's brands include Beeline, Kyivstar, Djezzy, Jazz Pakistan, Banglalink and others. History Russian PJSC VimpelCom was founded in 1992 in Moscow when VimpelCom's co-founders, Russian Dmitry Zimin and American Augie K. Fabela II came together to pioneer a new direction in the Russian mobile industry - their company was one of the first mobile carriers in Russia. Augie Fabela, who was then a young entrepreneur from the United States, and Zimin, who was a Russian scientist in his fifties, together launched the Beeline brand in 1993. Its name derives from ''вымпе ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For Energy And Climate Change
Her Majesty's Principal Secretary of State for Energy and Climate Change was a British government cabinet position from 2008 to 2016. The Department of Energy and Climate Change was created on 3 October 2008 when then-Prime Minister Gordon Brown reshuffled his Cabinet. Between 1974 and 1992, the post was known as Secretary of State for Energy. The Energy and Climate Change Secretary revived the earlier post of the Secretary of State for Energy as head of the Department of Energy, existing from 1974 to 1992. After which, the Department of Energy was merged into the Department of Trade and Industry under the Conservative government of Sir John Major in 1992. Sixteen years later, and immediately prior to the creation of the new department, energy policy was the responsibility of the Department for Business, Enterprise and Regulatory Reform (itself now a defunct government department, superseded by the Department for Business, Innovation and Skills). Former Labour Leader Ed Milib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2013
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
