News
Read news stories and features about the activities of the ONEXIM Group and the interests of our partners.
Kazakhgold agrees $9bn Polyus deal
2 Jule 2010
The Financial Times
Kazakhgold has agreed a $9bn reverse takeover with its parent company Polyus Gold in a deal that will create the largest gold producer in eastern Europe.
Ownership change for Russia’s RBC
8 June 2010
Broadband TV News
The Onexim Group, which is headed by Mikhail Prokhorov, has acquired a 51.1% stake in the Russian media company RBC.
Rusal's plan for an aluminium exchange traded fund is really good – for Rusal
19 April 2010
The Telegraph
Last week, Rusal, the aluminium giant run by Russian oligarch Oleg Deripaska, said it may launch an aluminium exchange-traded fund (ETF) later this year.
Prokhorov Venture Plans Russia’s First Hybrid Car
13 April 2010
Bloomberg
Billionaire Mikhail Prokhorov plans to unveil prototypes of Russia’s first hybrid electric car this year as the government tries to reduce the country’s reliance on natural resources.
Polyus’ Capital Spending
18 February 2010
The Moscow Times
Polyus Gold plans to almost double capital spending to a record $600 million this year
Rusal Raises $2.2 Billion
25 January 2010
Forbes
United Company Rusal raised $2.2 billion by pricing its public listing at the midpoint of its indicated range and then promptly made some corrections to its prospectus.
Coentreprise russo-francaise pour distribuer l'energie thermique en Russie
28 November 2009
RIA Novosti
La société énergétique russe TGK-4, contrôlé par le groupe Onexim, et la compagnie française Dalkia ont signé vendredi un accord de création d'une coentreprise destinée à produire, transporter et distribuer de l'énergie thermique en Russie.
Rusal Nears Debt Deal Key to IPO
14 November 2009
Wall Street Journal
UC Rusal is close to a deal to restructure $7.4 billion in debt to foreign banks, a key condition for an initial public offering of the Russian metal giant planned for December
Prokhorov Puts His Bets on Debt
12 October 2009
The Moscow Times
Billionaire Mikhail Prokhorov said the best place to invest during the crisis is in debt restructuring, a niche that has so far gone largely unfilled.
Russian billionaire says he's made offer to buy Nets
22 September 2009
Associated Press
Russian tycoon Mikhail Prokhorov says in his personal blog that he has made an offer to buy the New Jersey Nets.
Russia's Polyus CEO becomes KazakhGold chairman
17 August 2009
Reuters
The chief executive of Russia's top gold miner, Polyus Gold, has become the chairman and chief executive of KazakhGold Group.
Onexim says to buy control in RBC for $80 mln
22 Jule 2009
Forbes
Russian magnate Mikhail Prokhorov's Onexim Group said on Tuesday it had agreed to buy 51 percent of business news provider RBC , Russia's most public victim of the financial squeeze on media, for $80 million.
Russia's Prokhorov favours RUSAL, Norilsk merger
13 Jule 2009
Reuters
Russian billionaire Mikhail Prokhorov told a German magazine at the weekend that he was in favour of merging metals giants United Company RUSAL and Norilsk Nickel.
Prokhorov Betting On Power Industry
18 May 2009
The Moscow Times
Mikhail Prokhorov, Russia's richest man according to Forbes, said he would expand his presence in the country's privatized power sector as he opened a 52-megawatt power unit built by TGK-4.
Rusal appoints state representative to board
10 April 2009
Bloomberg
UC Rusal said on Friday it had appointed Anatoly Tikhonov, the first deputy head of VEB, the state-controlled bank that disbursed the bail-out loan, to the company’s board at the end of March.
Prokhorov Ups RUSAL Stake to 18.5%
24 March 2009
Moscow Times, Maria Antonova
Onexim, Morgan Stanley Settle TGK-4 Share Dispute
26 January 2009
Bloomberg
Onexim Group, Russian billionaire Mikhail Prokhorov's holding company, settled a dispute with Morgan Stanley over a mandatory offer for shares of power generator OAO TGK-4.
UC RUSAL completes sale of Kazakh coalfield stake
24 December 2008
Reuters
Russia's UC RUSAL, the world's largest aluminium producer had completed the sale of 50 percent of a coalfield to its Kazakh partner, state firm Samruk-Kazyna.
Chubais Offers Cheap Nanotech Loans
4 December 2008
The Moscow Times
In times of crisis, nanotechnology is a safe place to invest, State Nanotechnology Corporation chief Anatoly Chubais said Wednesday as he courted investors with offers of cheap state loans and other perks.
RUSAL to mine bauxite, produce aluminum in Venezuela - Sechin
6 November 2008
Interfax
United Company RUSAL (UC RUSAL) will mine bauxite and produce aluminum in Venezuela, Deputy Prime Minister Igor Sechin said at Thursday at a meeting of the inter-governmental commission in Caracas.
Russia's Onexim plans to close purchase of APR-Bank in early November
23 October 2008
Interfax
Mikhail Prokhorov's Onexim Group is planning in the next few weeks to close the purchase of APR-Bank, which
will become the core bank of the MFK group that is being set up.
Prokhorov to Build New MFK Bank
25 September 2008
The Moscow Times
Mikhail Prokhorov, who spent $500 million for 50 percent of Renaissance Capital this week, said that he would spend another $500 million to piece together a financial giant named after a bank he helped build in the 1990s.
Prokhorov buys half of RenCap
22 September 2008
The Financial Times
Renaissance Capital, one of Russia’s biggest investment banks, on Monday said it was selling a 50 per cent stake to a billionaire oligarch for $500m in a deal accelerated by the steepest declines on the Russian market in a decade last week.
Norilsk takes power spin-off from board agenda
10 September 2008
Reuters
Russian miner Norilsk Nickel removed a proposed spin-off of electricity assets from the agenda for Wednesday's board meeting at the request of shareholder United Company RUSAL, a Norilsk spokeswoman said.
Polyus Gold's exploration assets sale on hold
10 September 2008
Reuters
Polyus Gold has put on hold its plan to spin-off its geological exploration assets because of a disagreement between its main shareholders, the chief executive of Russia's biggest gold producer said Wednesday.
Norilsk Nickel, BasEl won't bid for Udokan copper field
9 September 2008
PRIME-TASS
Russian billionaire Mikhail Prokhorov's Onexim Group, which has also dropped plans to participate in the tender, said Tuesday that it was ready cooperate as an operator with the tender winner.
ONEXIM to Invest $10Bln in Intergeo
25 Jule 2008
rusmet.com
Billionaire Mikhail Prokhorov's Onexim Group said Thursday that it would invest $10 billion over the next five years in a new company, Intergeo, to develop the mining assets he received from former partner Vladimir Potanin.
Prokhorov raises stake in Open Investments to 30%
22 Jule 2008
Interfax
Russian billionaire Mikhail Prokhorov has raised his stake in OJSC Open Investments (RTS: OIVS) to 30% from 24.45%
Five companies submit bids in first stage of Udokan copper field tender- Rosnedra
18 Jule 2008
Interfax
Russia's subsurface management agency Rosnedra has announcedtheresults of the bid campaign for the giant Udokan copper field in the Chita region.
Prokhorov Proposed as Norilsk Chief
11 Jule 2008
The Moscow Times
The main labor union at Norilsk Nickel has asked the company's board to reappoint billionaire Mikhail Prokhorov as its chief executive.
Potanin to Lead Norilsk Board
8 Jule 2008
The Moscow Times
Norilsk Nickel's recently elected nine-member board of directors chose Vladimir Potanin as chairman Monday at its first meeting and named the deputy general director of Potanin's Interros Holding, Sergei Batekhin, as CEO.
Oligarch's vision of a Russian giant: Prokhorov backs merger of nickel and aluminium miners to form a $100bn rival to a united BHP Billiton and Rio Tinto
6 Jule 2008
The Independent on Sunday
Russian billionaire Mikhail Prokhorov has called for the creation of a $100bn Russian mining champion, ahead of an intense boardroom battle with former friend and business partner Vladimir Potanin tomorrow.
RUSAL endorses de Selliers for chairmanship of Norilsk Nickel board
4 Jule 2008
Interfax
United Company RUSAL is supporting Guy de Selliers candidacy for chairman of the board of directors of MMC Norilsk Nickel.
RusAl Wants 2 Independent Directors Elected at Norilsk
23 June 2008
The Moscow Times
United Company RusAl urged Norilsk Nickel shareholders on Friday to elect two independent directors in a high-stakes June 30 vote for control of the board at the world's largest nickel miner.
Unexim Group to join effort to reconfigure Russian energy system
18 June 2008
Interfax
Mikhail Prokhorov's Onexim Group plans to join the efforts to reconfigure the Russian energy system, created through reorganizing Unified Energy Systems of Russia, RAO UES. The Russian energy system has been broken up into 14 regional (TGK) and 6 wholesale (OGK) generating companies in different regions. Both have acquired private strategic investors.
Russian tycoon Prokhorov joins copper field race
16 June 2008
Reuters
Russian billionaire Mikhail Prokhorov has launched a bid for the right to develop the huge Udokan copper field in Siberia, his Onexim Group investment vehicle said on Monday.
Prokhorov's Onexim eyes uranium deposits in Russia, including Elkon (Part 2)
9 June 2008
Interfax
Onexim Group is interested in uranium deposits in Russia, group head Mikhail Prokhorov said at the St. Petersburg International Economic Forum.
Russian billionaire Prokhorov say eyes uranium
8 June 2008
Reuters
Russian billionaire Mikhail Prokhorov said on Sunday his investment company Onexim would consider investing in uranium deposits in the country's far east, including the giant Elkon deposit.
Investors Buying Up Polyus Zoloto Stock
3 June 2008
Kommersant
Gold-mining company Polyus Zoloto stock was yesterday’s growth leader on Russian markets, gaining more than 10 percent in price even as the market was falling. Experts expect affiliates of either Mikhail Prokhorov or Vladimir Potanin to raise their share in the company to 30 percent and make an offer to minority shareholders.
Britain’s Authorities Probe Into Surge in Polus Zoloto
27 May 2008
Kommersant
Britain’s Financial Services Authority (FSA) has set to probing into the surge in Polus Zoloto quotes. The stocks went up once the capital fund Kazimir Partners made an offer for the buyout of 2.5 percent in Polus from its subsidiary, Jenington, for $350 million, Vedomosti reported.
Polyus Gold Gains After Fund Makes Offer for Stake
19 May 2008
Bloomberg
OAO Polyus Gold, Russia's biggest producer of the metal, rose the most since it starting trading in Moscow two years ago after a U.K.-based investment fund Kazimir Partners Ltd. made an offer for a stake in the company.
Prokhorov's man joins UC RUSAL board
13 May 2008
Reuters
Dmitry Razumov, chief executive of Russian billionaire Mikhail Prokhorov's Onexim Group, has joined the board of the world's top aluminium producer, United Company RUSAL, UC RUSAL said on Tuesday.
Russia's Onexim Group to bid for Open Investments SPO
30 April 2008
Prime-TASS News Russia
Russia's Onexim Group, the investment vehicle of Russian billionaire businessman Mikhail Prokhorov, plans to bid for a secondary share issue of Russian real estate developer Open Investments (OPIN), the group said on its official blog Wednesday citing its General Director Dmitry Razumov.
Billionaire Prokhorov Gives $2 Million to Back Kabakov Art Show
30 April 2008
Bloomberg
Billionaire Mikhail Prokhorov is to give $2 million to finance Russia's first retrospective of artworks by its leading postwar artist Ilya Kabakov, the metal tycoon's foundation said today.
Prokhorov Sell 25% In Norilsk To RUSAL
25 April 2008
The Moscow Times
Months of negotiations and rumors came to an end Thursday as Oleg Deripaska's United Company RusAl closed a deal to buy a stake of 25 percent plus one share in Norilsk Nickel, the world's biggest producer of the metal.
Interros to buy 50% in ONEXIM's KM Invest
17 April 2008
RIA Novosti
Russian financial holding Interros said on Thursday it had agreed with Onexim Group to buy a 50% stake in Onexim's KM Invest.
Privatization of Russia's electricity company enters home stretch
8 April 2008
Herald Tribune
A plan to privatize the world's largest electricity company is entering the home stretch. Mikhail Prokhorov bought 32 percent of TGK-4, with plants near Moscow, for $500 million at auction.
Hydrogen fuel is the way ahead, says oligarch
23 March 2008
The Independent
Businessman Mikhail Prokhorov has claimed that the UK is "missing a trick" in its search for clean energy and vowed to "invest billions" in hydrogen fuel cells.
Fight over Norilsk Nickel hardens
11 March 2008
Barents Observer
Russian aluminium giant Rusal has got a 4,5 billion USD credit intended for the acquisition of a 25 percent stake in Norilsk Nickel. Meanwhile, Norilsk Nickel’s management continues talks with iron major Gazmetall over a possible company merger.
Regulator allows RusAl to buy 29 percent stake in Norilsk Nickel
31 January 2008
Novosti
Russia's anti-monopoly watchdog said on Thursday it had allowed aluminum giant UC RusAl to buy a stake of 29 percent plus 1 percent voting share in Norilsk Nickel.
ONEXIM Group unveils plans for innovation
22 January 2008
RosBusiness Consulting
ONEXIM Group revealed its first project in the area of nanotechnology, proposing to build a research and technology center in Moscow, which may cost more than $ 100 million to implement.