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Onexim Group took no decisions on sale of all Russian assets — CEO

July 04, 13:19 UTC+3
Onexim Group is one of the biggest investment funds in the country with interests in many sectors of the economy
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Onexim Group CEO Dmitry Razumov

Onexim Group CEO Dmitry Razumov

© Vyacheslav Prokofyev/ITAR-TASS

MOSCOW, July 4. /TASS/. Onexim Group has not made any decisions on sale of all its Russian assets, the company reported Monday with reference to Chief Executive Officer Dmitry Razumov.

"Onexim Group is one of the biggest investment funds in the country with interests in many sectors of the economy. Our numerous assets are constantly undergoing changes, we’re constantly in talks on acquisitions and sales, on attracting partners regarding this or that asset. Many of these negotiations last for several years. It is inaccurate to draw an inference from the fact of negotiations about "selling all assets in Russia." We have taken no "decisions" in this respect," Razumov said.

Earlier on Monday Vedomosti business daily reported with reference to sources that Onexim Group owned by businessman Mikhail Prokhorov was selling all its assets.

"The Group has been, is and will remain an important player on the Russian market and will keep a strategic interest in investing in our country. This primarily concerns the financial sector where we plan to be keenly focused on the development of our banking institutions - Renaissance Credit, Renaissance Capital, International Financial Club and Soglasie Insurance Company," he added.

On April 14 and 15, the Federal Security Service’s officers raided offices of Onexim Group’s companies.

According to Vedomosti, the decision to sell assets may be linked to the searches.

Onexim owns stakes in the mining industry (Rusal aluminium giant, Uralkali potash company), finances (Soglasie Insurance Company, Renaissance Capital and Renaissance Credit, International Financial Club), energy sector (Quadra power generator), real estate (OPIN) and media (RBC media holding, Snob).

Forbes estimates Prokhorov’s fortune at $7,6 bln. The businessman also owns 100% of Brooklyn Nets basketball team.

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