1997

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UNEXIM Bank
$1 bln
in securities is held by the bank
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MFK
$400 mln
MFK Renaissance Group aggregate capital
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Norilsk Nickel
$300 mln
transferred from Interros to Norilsk Nickel to explore the Pelyatkin deposit
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NLMK
50% shares
owned by Reforma group affiliated with UNEXIM-MFK
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SIDANKO
7 oil and gas producers
affiliated to the company
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ProfMedia
Izvestia and Komsomolskaya Pravda join the new holding company
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Perm Motors
Interros started building production development strategy
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Soglasie
79%
annual growth in premium income from voluntary insurance
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Interros-Dostoinstvo
64 bln rub
assets of the Interros-Dostoinstvo Non-State Pension Fund
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IR Leasing
4 mln DEM
value of project for supply of equipment for ALROSA
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North-Western Shipping Company
~50 mln
company's unpaid debts, Interros decides to increase its share to 50%
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In March, Vladimir Potanin leaves the government to focus on business. One of Interros Group’s companies acquires the government’s share in RAO Norilsk Nickel at an investment tender. The winner pays the government over $270 million (80% above the starting price) for a 38% stake in RAO. The Mustcom Ltd Consortium, comprising UNEXIM Bank, Renaissance Capital, Deutsche Morgan Grenfell Investment Bank, Morgan Stanley Asset Management and George Soros’s Quantum Fund, win the auction for a 25% + 1 share stake in Svyazinvest for a record $1.875 billion. The government of the Russian Federation, which had promised to hand over licenses for cellular service, changes its plans and refuses to continue privatization. The Interros group represented by UNEXIM Bank subsequently leaves Mustcom. Interros founds ProfMedia Holding to consolidate its media assets. ProfMedia acquires a controlling stake in Komsomolskaya Pravda and Izvestia, as well as a blocking minority in Expert magazine. This is the first time that Forbes magazine mentions the owner of Interros, Vladimir Potanin, as one of Russia’s top five richest men, whose net worth is estimated at $700 million.