Mikhail Prokhorov - Onexim Group

Bad-Boy Prokhorov Stirs Up Trouble In Russia

October 23, 2008 10:07 pm

The international credit crisis is hurting even Russia’s wealthiest, and it is not just shrinking their bank accounts. As credit dries up and commodity prices plummet, Russian billionaires are selling ... Read more »

Russian tycoon calls off asset split with partner

October 7, 2008 8:21 pm

Billionaire metals magnate Mikhail Prokhorov has called off an asset division with former partner Vladimir Potanin, citing force-majeure, Potanin’s Interros Group said Tuesday.Interros, which manages Potanin’s business interests, did not ... Read more »

Prokhorov Buys Half of Renaissance for $500 Million

September 22, 2008 6:02 pm

Billionaire Mikhail Prokhorov agreed to buy half of Renaissance Capital, one of Russia’s biggest banks, after the credit squeeze led to a plunge in the country’s financial stocks and a ... Read more »

Russian tycoon did not buy world’s most expensive villa: company

August 19, 2008 5:52 pm

Russian billionaire Mikhail Prokhorov has not bought the world’s most expensive villa, a spokesman for his Onexim group told AFP TuesdayThe denial comes after French daily Nice-Matin reported Saturday that Prokhorov, whom ... Read more »

Prokhorov Nears EU496 Million Villa Purchase, Nice-Matin Says

August 17, 2008 4:43 pm

Russian billionaire Mikhail Prokhorov is close to buying the Villa Leopolda on the French Riviera for 496 million euros ($729 million), Nice-Matin reported yesterday, without saying where it obtained the ... Read more »

Rusal takes a step closer to Norilsk fusion

April 25, 2008 6:51 pm

Oleg Deripaska, owner of Russian aluminium producer United Company Rusal, yesterday passed a milestone on the road to building a Russian national champion in the mining and metals industry with ... Read more »

UC Rusal runs into problems on Norilsk stake

April 7, 2008 8:04 pm

United Company Rusal is running into problems finalising its purchase of a 25 per cent stake in Norilsk Nickel, the world’s biggest nickel miner, from Mikhail Prokhorov, the Russian billionaire, ... Read more »

Potanin, Prokhorov Decide Against Splitting Up Assets

March 20, 2008 7:44 pm

 Russian billionaires Vladimir Potanin and Mikhail Prokhorov decided against splitting their jointly held assets, including stakes in OAO GMK Norilsk Nickel, the world’s largest producer of nickel, and OAO Polyus ... Read more »

Norilsk Nickel to Be Melted Down

March 3, 2008 7:08 pm

GMK Norilsk Nickel has set to preparing the merger with Gazmetall holding of Alisher Usmanov in an effort to oppose the hostile takeover by Rusal. What’s more, the firms of ... Read more »

Norilsk/Rusal

February 28, 2008 8:45 pm

Even by Russian standards, this tussle has it all. Feuding oligarchs; national politics; and a fight to control what would be one of the mining industry’s biggest companies, conducted within ... Read more »

Five of Russia’s richest 12 men to form a mining giant !

February 21, 2008 12:56 pm

Billionaire Alisher Usmanov’s holding company ZAO Metalloinvest, Russia’s largest producer of iron ore, wants to combine with OAO GMK Norilsk Nickel to create an $85 billion mining company.  Metalloinvest has ... Read more »

Norilsk reinforces its defences

February 5, 2008 1:42 pm

Norilsk Nickel’s board approved the sale of up to $7bn in energy assets yesterday and agreed to consider a share buyback in a move that could signal growing resistance to ... Read more »

Prokhorov Says Norilsk Favors Potanin, Demands Change

January 19, 2008 10:09 pm

Russian billionaire Mikhail Prokhorov, an investor in OAO GMK Norilsk Nickel, accused management of using the “company’s resources” to favor Vladimir Potanin, another shareholder, escalating a dispute between the business ... Read more »

Moscow Court Blocks Sale of Norilsk, Polyus Shares

December 28, 2007 10:06 pm

KM Invest, the holding company controlled by Russian billionaires Mikhail Prokhorov and Vladimir Potanin, was blocked by a court from selling a stake in OAO GMK Norilsk Nickel worth $1 ... Read more »

Rusal to Purchase Norilsk Stake, Proceed With Merger

December 21, 2007 11:52 am

Oleg Deripaska’s United Co. Rusal agreed to buy 25 percent of OAO GMK Norilsk Nickel, Russia’s biggest mining company, and said it will pursue a takeover.Rusal, the world’s second-largest aluminum ... Read more »

Norilsk Nickel’s Prokhorov Blocks Power-Asset Spinoff

December 14, 2007 4:29 pm

Russian billionaire Mikhail Prokhorov blocked a plan by OAO GMK Norilsk Nickel to spin off $7 billion worth of power assets, escalating a feud over the company’s future between ... Read more »

Potanin to Buy Russia’s Prof-Media for $1.8 Billion

December 13, 2007 9:29 pm

Billionaire Vladimir Potanin will pay $1.8 billion for 100 percent of Prof-Media, the Russian holding company he co-owns with Mikhail Prokhorov, as the partners prepare to divide their assets.Potanin will ... Read more »

Three Russian billionaires involved in a cross deal as Norilsk saga ends

November 24, 2007 10:37 am

 Rusal Agrees to Buy 25% of Norilsk Nickel From Onexim United Co. Rusal, the aluminum maker controlled by billionaire Oleg Deripaska, agreed to buy a 25 percent stake in ... Read more »

Norilsk duo struggle to unwind partnership

November 23, 2007 1:21 pm

The chic French ski resort of Courchevel and a grimy mining city in Russia’s Arctic circle seem a million miles apart.  But the two worlds collided spectacularly a few months ... Read more »

Prokhorov offers to sell stake in Norilsk

November 21, 2007 8:04 pm

Mikhail Prokhorov offered on Wednesday to sell his blocking stake in Norilsk Nickel for $15.7bn to his former partner Vladimir Potanin, in what he said was a gesture of “goodwill” ... Read more »

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