Русский / English
Enter the query
Principles
Interros core activity is direct investment. Corporate governance is our guiding light in project implementation.

Interros is not interested in acquiring less than a controlling stake in a company, which it needs to be able to participate fully in the business and find the most effective solutions.

Team
Vladimir Potanin, Founder and President
«I believe that the owner's — or the co-owner's — role is not to replace operational management but to know how to delegate»

Project Implementation Phases

Selection criteria for prospective companies
  • Size of operations — new project
  • Yield and capitalization growth potential — new project
  • Competitive advantages and leadership opportunities in the market
  • Understanding of the investment exit point
Management principles
  • Every company is an independent business entity
  • Interros representatives sit on the company’s Board of Directors
  • Interros prepares the company’s development strategy
  • Interros gathers a team of top-notch executives
Exit Strategies
  • Take the company public through an IPO
  • Sell Interros’ stake, in full or in part, to an industry-specific investor or the management team

Interros controls strategy implementation and delegates all aspects of operational management to the executive team. This arrangement helps improve corporate governance, effectively manage risks, monitor capitalization and dividend policy, and build the company’s reputation.

For historical reasons and deriving from an agreement between Norilsk Nickel’s major shareholders, one exception to the rule is Norilsk Nickel MMC, wh ere Interros owns a 30.3% stake and Vladimir Potanin is CEO.

Evaluating Project Effectiveness

An investment project’s effectiveness is primarily assessed on investment performance base, meaning return on asset to include current yield and forecast market capitalization gain. Interros continuously monitors these indicators in order to evaluate its ongoing participation and decide when it makes sense to exit the project.

Interros exits investment projects for three reasons:

Reason one: the investment did not perform as expected. If that is the case, there is no point in beating one’s head against the wall; it is important to know when the time has come to admit mistakes and recognize failures.

Reason two: the toolkit has been exhausted and there is nothing else of value for you to bring into the project, so you have to contend with being a passive investor. Our company is an active investor – we either have complete control over a company, or we control it with a co-investor or exert significant influence sufficient for business development. There may also be a scenario wh ere the project is at a stage when it needs to be handed over to a company with expertise in a particular area.

Reason three: the investment project is implemented and ready to be monetized. It is like a book: once the idea has been brought to life and the manuscript has been completed, all that is left is to publish it”.

Vladimir Potanin

Interros considers corporate governance to be core to project implementation.

NCCG

Interros was one of the founders of NCCG — the National Council on Corporate Governance — a not-for-profit partnership of Russia’s largest securities issuers, investment companies, federal agencies, and the appropriate committees of the State Duma and the Federation Council.

Vladimir Potanin is the President of NCCG.