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History
Since its very inception, Interros has been a force shaping the business climate, and an active participant in establishing ethical business practices in the new Russia.

Interros operates in almost all sectors of the Russian economy: finance, machine building, mining, energy generation, oil and gas, construction and utilities, sports and tourism, media, logistics and infrastructure, pharmaceuticals and light industry.

1990 — 1991

Foreign Trade Consulting

The Soviet era is ending, and the economy is coming apart at the seams. Foreign trade links are breaking down, export and import flows are halting. The existing system has become detached from reality. There is an urgent need for a new generation of competent professionals able to define the rules of the new game on the ruins of the old system.

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ProfMedia
#1 radio
became Autoradio in view of the results of 2013
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VEA Interros
$10K
the company’s charter capital
Vladimir Potanin quits his position at the USSR Ministry of Foreign Trade to create the Interros Foreign Trade Association, –a VEA. The new company’s charter capital is $10,000. Interros provides financial consulting services for Russian organizations' foreign transactions. The state monopoly on foreign trade has been abolished, creating high demand for VEA Interros services in the emerging market.
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VEA Interros
Vladimir Potanin forms his team
VEA Interros is busy putting the team together. Two finance professionals – Mikhail Prohorov and Alexander Khloponin – join the business venture. For years to come, the Interros team will be considered one of the most professional teams out there. Although some of the team members would eventually break away from Interros to pursue their own career paths, 1991 became a launch pad into a new life for every one of them.
1992 — 1994

Banking & Finance

Price liberalization is taking place under Yegor Gaidar’s shock therapy reforms. To be a proficient player on the world market, Russia needs world-class private financial institutions with the resources and competencies to participate in large projects on a national scale.

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VEA Interros
3 state banks
became co-founders of International Financial Company
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MFK
#2 banking license
in Russia issued to a private company
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Vladimir Potanin joins forces with the International Bank for Economic Cooperation, the USSR Bank for Foreign Trade and Sberbank to create the International Company for Finance and Investments (MFK). He partners with Mikhail Prohorov in this business venture. MFK obtains the banking license to conduct ruble and foreign currency denominated transactions. MFK becomes Russia’s first financial corporation to meet international standards. It has both the financial capabilities and the professional competencies to participate in large projects on a national scale. MFK becomes a cofounder of MICEX, the Moscow Interbank Currency Exchange.
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UNEXIM Bank
$10 bln
client and shareholder aggregate turnover
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MFK
30 corporate bodies
unite with MFK to establish UNEXIM bank
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Soglasie
Law 4015-1
opens the door to commercial insurance
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Interros-Dostoinstvo
#1 licence
from the Non-State Pension Funds Inspectorate under the Ministry of Labor
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The financial sector is developing, which naturally creates the need for a universal commercial bank. MFK’s exclusive offering is no longer able to respond to the massive demand for quality financial services. 

To respond to the growing demand, the United Export-Import Bank – UNEXIM Bank – files for registration with the Central Bank of Russia and receives approval on April 20. The new bank’s clients and shareholders include over 30 large entities involved in foreign trade, with aggregate turnover exceeding $10 billion per year. The Bank is headed by Vladimir Potanin as President and Mikhail Prohorov as Chairman of the Board. UNEXIM is a private bank competing with the state-owned banks to provide banking services to the largest companies in the country. It is effectively helping break the government monopoly on banking services. In Vladimir Potanin’s words, UNEXIM bank is “the first private bank that thinks like a state”.

To broaden its presence on the financial services market, Interros founds one of the first insurance companies, SK Interros-Soglasie, as well as the first non-state pension fund Interros-Dostoinstvo, which is granted the country’s first license issued to a private pension fund .
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UNEXIM Bank
138 bln rub
authorized capital by the end of the year
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MFK
MFK is registered as a joint stock commercial bank
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Soglasie
first clients: Interros enterprises and employees
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Interros-Dostoinstvo
1 mln rub.
authorized capital of the Interros-Dostoinstvo Non-State Pension Fund
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IR Leasing
2 sectors
the first clients - energy sector and mining
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MFK files for registration as AKB, a joint stock commercial bank. UNEXIM Bank obtains shares in Russian industrial companies, to own or to manage. For instance, in the aftermath of Black Tuesday, the crash of the interbank credit market, MFK receives the assets of Mikrodin along with stakes in ZIL and Perm Motors. On October 28, per President Yeltsin’s decree, UNEXIM Bank and MFK create FPG Interros, a financial and industrial group. The main objective of the Group is to acquire and effectively manage industrial assets. The company launches its operations on the Saint-Petersburg market with the opening of BaltUNEXIMBank and purchases shares in LOMO. This is Interros’s first professional investor move.
1995 — 1997

The Industrial Empire

Voucher privatization is ending and old-school executives, unable to function effectively in a market economy, arrive at the top of industrial enterprises. There is an acute shortage of competent owners. The country is facing a budget crisis, and the financial system is under significant strain. The government has neither the means nor the funds nor the skills to develop the nation’s industry.

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UNEXIM Bank
#1
Joint-stock bank in Russia according to Euromoney magazine (United Kingdom)
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MFK
1st plastic card
with MFK logo introduced at the Russian market
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Norilsk Nickel
51% stake
placed under MFK-UNEXIM Group management
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Soglasie
contribution to the development of standards and regulations of vehicle insurance
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Interros-Dostoinstvo
licence for supplementary pension provision from the Non-State Pension Funds Inspectorate
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IR Leasing
$1 mln
minimum value of a leasing contract
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SIDANKO
51% stake
obtained by MFK-UNEXIM Group
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NLMK
~15% shares
acquired by UNEXIM-MFK Group
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North-Western Shipping Company
~26% shares
transferred under management of MFK bank
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President Yeltsin signs a decree mandating loans-for-shares auctions. The idea to hold the auctions was first put forward by a group of bankers, among them Vladimir Potanin. At the auctions, Interros Group companies obtain shares of RAO Norilsk Nickel, Sidanko oil company, NLMK and North-Western Shipping company. Russia now has a critical mass of private property.
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UNEXIM Bank
#674
of the 1000 largest banks in the world (The Banker)
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MFK
#3 in Russia
among national banks working with foreign investments (according to Euromoney)
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Norilsk Nickel
>$4 bln
in debt when Interros management team takes over
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NLMK
Interros forms a group of allies among the shareholders
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SIDANKO
> 2.8 bln tons
company's recoverable reserves
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Soglasie
substantial growth of external client base
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IR Leasing
50 tons
weight of the tunnelling machine for ALROSA
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Interros-Dostoinstvo
pension provision continues to grow
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Perm Motors
29% shares
Interros receives a stake in OJSC Perm Motors from Microdin as the debt repayment
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North-Western Shipping Company
~$30 mln
NWSC annual losses
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The President of Russia fires Anatoly Filatov, CEO of RAO Norilsk Nickel. MFK’s President Alexander Khloponin is appointed as the new CEO. He heads the transition process to prepare Norilsk Nickel, weighed down by billions in foreign debtsand months of salary arrears, for restructuring. Vladimir Potanin becomes the first Deputy Prime Minister of Russia in charge of the economy. His responsibilities include finding the solution for the non-payment issue, negotiating with international credit organizations, and compiling a transparent roster of licensed banks; he also launches a program to streamline the alcoholic beverage industry.
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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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Perm Motors
Interros started building production development strategy
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ProfMedia
Izvestia and Komsomolskaya Pravda join the new holding company
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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.
1998 — 2002

Business Restructuring

The Russian economy is struggling, with low oil prices,the government merry-go-round, and a default. This leads many business people with large holdings to restructure their various assets, in order to build effective, well-structured companies that operate in accordance with worldwide corporate governance standards.

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UNEXIM Bank
#5
among Eastern and Central European banks
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Norilsk Nickel
60.4 %
net profit increase for Norilsk Nickel
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NLMK
7.67 bln rub.
1Q sales revenues
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SIDANKO
9 months plan
100 new wells; outcome: 133 new wells
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Perm Motors
26% shares
of Perm Motor Building Plant are purchased by Interros that becomes the largest shareholder
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Rosbank
Bank of Russia grants Rosbank the general banking license #2272
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Soglasie
#3
in the rating of the largest Russian companies by property insurance
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ProfMedia
merger of Russkiy Telegraf and Izvestia editors offices
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Interros-Dostoinstvo
the fund is dedicated to work within the Interros group
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IR Leasing
$6.3 mln
supply of mining equipment for ALROSA
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MFK
integration of AKB MFK into Rosbank
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North-Western Shipping Company
50%
the stake of Interros in NWSC
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Vladimir Potanin is restructuring his business. All industrial assets are placed under the Interros Holding Company. The financial units remain within the UNEXIM-MFK Group. The goal of the Holding is to use global best practices to develop its assets. The Holding’s functions involve asset management, restructuring, anti-turnaround management, investment strategy development, financial control and personnel training. Interros is beginning to define itself as an investment company. The financial crisis hits on August 19. In the wake of the crisis, the restructuring efforts are put on hold. UNEXIM Bank merges with the newly created Rosbank to address the fallout of the financial meltdown. RAO Norilsk Nickel restructuring enters its active phase.
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Norilsk Nickel
$3 bln
Norilsk Nickel investment program through 2010
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NLMK
$150 mln
issue of new shares on the resolution of the Board of NLMK
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Perm Motors
in Top 10by growth rate according to the rating of the largest Russian companies Expert-200
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SIDANKO
$1.51 bln
capitalization (the largest company in Eastern Europe)
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Rosbank
#12 in Russia
by net assets
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ProfMedia
#1
in Top 10 of the largest printed media companies
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North-Western Shipping Company
$70 mln
company’s profits by the end of 1999
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UNEXIM Bank
start of merger with Rosbank
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Interros-Dostoinstvo
the fund and NMMC bring to life "the new generation" pension program
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IR Leasing
$32.1 mln
77 units of equipment for Zavenyagin NGMK
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Soglasie
15 new branches
opened during the year
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Vladimir Potanin creates a Charity Foundation to implement long-term socially significant projects in the nation’s education and culture. The Foundation’s mission is to facilitate the growth of strategic philanthropy and the career development of active, creative professionals. The Vladimir Potanin Foundation grant and scholarship programs support education, while A Changing Museum in a Changing World Competition, the First Publication Competition and the State Hermitage Museum assistance program support Russian culture. Interros overcomes the crisis fallout by successfully restructuring assets and debt obligations. The North-Western Shipping Company is restructured into a holding, thus optimizing cash flow and creating a more efficient service delivery system. The company, formerly in the red, becomes profitable. In 1999, North-Western Shipping profits amount to $70 mln.
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Norilsk Nickel
$5.2 bln
RAO Norilsk Nickel’s total annual metals sales
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NLMK
34% shares
acquired by Norilsk Nickel and Interros from TWG
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Perm Motors
7.5 times
revenue growth for 9 months
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Rosbank
Euromarket 2000 award for the successful restructuring of UNEXIM Bank
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Soglasie
#8
in Top-100 largest Russian insurers
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ProfMedia
press advertising campaign for publicity
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SIDANKO
TNK and SIDANKO shareholders sit down to negotiate
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IR Leasing
$10 mln
supply of equipment for Norilsk Nickel
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Interros-Dostoinstvo
70.2 mln rub
combined fund assets
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North-Western Shipping Company
Interros merges NWSC and Northen Shipyard
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UNEXIM Bank
$1.5 bln
of liabilities restructured
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Interros approves its development strategy as an investment fund, a “blue chip mint”. The company begins to follow best practices in corporate governance. Norilsk Nickel continues its structural improvements. Norilsk Nickel MMC is to become the company’s capitalization driver by exchanging a stake in RAO Norilsk Nickel. Interros, together with a number of other Russian investors, acquires a large stake in JSCO Elektrosila, as well as a 100% stake in OJSC ZTL and OJSC LMZ. In November, Interros creates Power Machines managing company to restructure the financial side of the acquired assets. Perm Motors, another industrial asset of Interros, experiences explosive growth  Over a nine-month period in 2000, the conglomerate’s revenue increases by a factor of 7.5.
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Norilsk Nickel
100 %
shares in OJSC Kola MMC acquired by RAO Norilsk Nickel
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NLMK
50%
of the national rolled steel production accrue to MMK, NLMK and Severstal
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Perm Motors
start of supplies of gas-turbine sets to Gazprom
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Rosbank
20.7k
payment cards emitted by Rosbank
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Soglasie
10 insurance companies
joined Soglasie Insurance Group
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ProfMedia
88.7 MHz
News Online - a new ProfMedia project
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North-Western Shipping Company
10 bulk carriers
constructed under order of NWSC
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IR Leasing
$33 mln
price of equipment purchased for Norilsk Nickel
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Interros-Dostoinstvo
59.8 mln rub
pension reserves
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SIDANKO
44% shares
purchased from Interros by TNK shareholders for ~ $1 bln
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Interros ends the dispute with TNK and exits Sidanko, where TNK shareholders acquire a 44% stake for approximately $1 bln. Profmedia plans to invest more than $1.5 mln in Sovetskiy Sport, a newspaper it now owns.
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Norilsk Nickel
acquires Polyus, Russia’s leading gold producer
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Power Machines
#11
in the rating of corporate reputations of SPb and Leningrad oblast
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Rosbank
7.9 bln rub
capital
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ProfMedia
$40 mln
will be invested in Cinema Park multiplex movie theaters
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Soglasie
4700 state employees
of Moscow Oblast administration were insured by Soglasie
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IR Leasing
#21 in Russia
in the rating of the top 100 leasing companies (Expert)
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Interros-Dostoinstvo
64 mln rub
fund pension reserves
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Polyus Gold International
5.13 mln tons
of ore mined at company's ore deposits
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OPIN
JSC OPIN is established
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NLMK
34% shares
sold by Norilsk Nickel and Interros for $180 mln
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Perm Motors
$50 mln
Interros sells its shares in the companies of the conglomerate to FGUP Gosinkor
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North-Western Shipping Company
Interros sells its share in NPK to the executive team
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Norilsk Nickel has been successfully restructured. The newly created OJSC Norilsk Nickel MMC  becomes the core driver of capitalization growth. President Vladimir Putin visits Norilsk Nickel in March. The newly restructured company gets high praise fr om the President of Russia. Alexander Khloponin, the governor of Taymyr and the former CEO of RAO Norilsk Nickel, where he masterminded the plant’s turnaround, wins the election to become the Governor of Krasnoyarsk Kray. Norilsk Nickel acquires Polyus, a gold producer. An idea is put forward to spin off the gold producing assets fr om Norilsk Nickel MMC. Interros consolidates construction assets and founds OPIN, Open Investments. The goal is to make OPIN the first public property development firm on the Russian market. Cinema Park is founded with the mission to become the largest movie theater chain in Russia and Eastern Europe by creating multiplex movie theaters from scratch in Russia’s largest cities. Interros sells a number of non-core assets or assets wh ere the company has no influence over operational management. Interros Group sells its share in NLMK to a consortium wh ere Vladimir Lisin is the beneficiary, for $180 mln. NPK (New Programs and Concepts) management buys out a stake in NPK,, which manages North-Western Shipping. Shares in companies of the Perm Motors complex are sold to Gosinkor for over $50 mln.
2003 — 2006

“To Invest is to Infuse with Meaning”

Russia is enjoying a period of economic growth. Business becomes more sophisticated, open and transparent. Many business people who control significant assets see their role changing from industrial tycoons to professional investors, i.e., people who know how to increase valuations through competent use of money to restructure and improve efficiency.

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Norilsk Nickel
450 young employees
came to work for MMC after graduating from the Leadership and Internship Programs
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Power Machines
$44 mln
earned during IPO with a 17% stake placement
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Polyus Gold International
2 tons
will be mined at Titimukhta goldfield
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Rosbank
77%
assets growth for 11 months of 2003
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Soglasie
50k GBP
insurance coverage of the last Scottish paddle steamer insured conjointly with Soglasie
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ProfMedia
foundation of Prof-Media Broadcasting Corporation which manages holding's radio business
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OPIN
$55 mln
company's charter capital
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Rosa Khutor
$40 mln
total investment in Rosa Khutor for 2003-2006
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IR Leasing
25% saving
during leasing of equipment for oil wells
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Interros-Dostoinstvo
183 mln rub
fund pension reserves
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Novogor - Prikamye
$20 mln
to be invested in the company by Interros within 5 years
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Interros places LMZ, Elektrosila, ZTL and KTZ – all machine building assets – under the OJSC Power Machines consortium. The Consortium runs an IPO among Russian and Western portfolio investors the same year, placing a 17% stake in the Consortium for over $44 mln. Many investors, including ten European investment funds, acquire the shares. Interros creates NOVOGOR-Prikamye, a utilities management project in Perm Oblast, the first private project in the utilities sector in a Russian city with over one mln people. Rosbank adopts a new strategic development plan to provide retail banking services on top of corporate banking. Within the framework of its strategy, Interros acquires 350 branches of Pervoe OVK for $200 mln.
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Norilsk Nickel
648 tour packages
to Anapa are purchased to provide a summer vacation for employees’ children
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Power Machines
FAS Russia declined Siemens application for buying the company’s controlling interest
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Polyus Gold International
36 tons of gold
were supplied to Rosbank by mid-year
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Rosbank
ARB named Rosbank #1 in the area of corporate governance among Russian banks
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Soglasie
A+
high level of reliability with sustainable opportunities
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OPIN
$68.8 mln
volume of IPO from Russian and international investors
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ProfMedia
41.2% shares
of Expert magazine are purchased by its management
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Rosa Khutor
430 hectars
total leased land area on the slopes of Mount Aibga
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Novogor - Prikamye
996 mln rub
annual sales revenue
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IR Leasing
$38 mln
the first Russian supply of generating equipment
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Interros-Dostoinstvo
$3 mln
co-founders’ capital contribution
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Interros wins the tender to develop land on the Rosa Khutor plateau in Krasnaya Polyana. Vladimir Potanin’s personal idea is to build Russia’s first state-of-the-art ski resort. ProfMedia Holding announces that it will now focus on entertainment. Rapid growth of the entertainment market segment is what gives rise to the main idea behind current investments. Business and sociopolitical print media assets are sold or are being groomed for sale. The company looks into broadening its portfolio through projects in television, print media and the internet. Cinema Park opens the largest movie theater in Russia, a 9-screen multiplex on Kaluzhskaya.
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Norilsk Nickel
8.26 bln rub
total cost of the Severniy-Glubokiy mining project
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Polyus Gold International
1:1 ratio
allocation of Polyus Gold shares among Norilsk Nickel shareholders
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Power Machines
22.4% of shares
of Power Machiens are sold to RAO UES
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Rosbank
3 mln MasterCards
have been emitted by Rosbank since 2000
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Soglasie
125 divisions
in Soglasie regional chain
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OPIN
$150 mln
volume of company's credit-linked notes
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ProfMedia
50.19 % shares
of Izvestia are purchased by Gazprom Media
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Rosa Khutor
2 bln rub
total allocated for environmental protection during the construction of Rosa Khutor
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Interros-Dostoinstvo
#30 in Russia
in the Kommersant rating of non-state pension funds
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IR Leasing
$112 mln
purchase of hydraulic turbines and hydrogenerators for Bureyskaya HPP
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Novogor - Prikamye
340 mln rub
to be invested by the company in water supply
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Interros finalizes the deal to sell a 22.43% stake in Power Machines to RAO UES Russiafor around $101 mln. Rosbank is now the largest retail private bank in Russia, with 600 branches throughout the country. NOVOGOR-Prikamye is awarded a contract to operate Perm and Bereznyiki municipal utilities. At the February open tender, the company wins the right to lease the Berezniki utility system and signs a long-term (49-year) agreement with the city’s municipal authorities to lease the Perm Water Supply and Water Treatment system.
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Norilsk Nickel
14.5 thousand tons
Norilsk Nickel’s first cargo ship’s loading capacity
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Polyus Gold International
$12.9 bln
market estimation of the company upon the opening of OTC trading
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Power Machines
9 hydroturbines
with a total capacity of 339 MWt to be shipped to Boguchanskaya HPP in 2008
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Rosbank
the best Russian bank of the year 2006 (The Banker )
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Soglasie
4.95 bln rub
premium income for 6 months of 2006
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OPIN
150 hectars
of additional land lots are acquired
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ProfMedia
100% shares
of 2x2 TV channel are purchased by Profmedia
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Rosa Khutor
3500 people/day
resort capacity during construction phase I
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Novogor - Prikamye
2.5 times
sales revenue growth compared to a year earlier
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IR Leasing
#30 in Russia
in the rating of the largest leasing companies (Expert)
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Interros-Dostoinstvo
5300 rub
average pension provided by the fund
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Norilsk Nickel MMC’s gold mining assets are spun off as Polyus Gold, a new company which in record time becomes a leading blue chip on the Russian stock exchange and one of the five largest gold mining companies in the world. At the launch of over-the-counter trading, the market values Polyus Gold at $12.9 bln, approximately 25 times more than the amount Norilsk Nickel spent on consolidating its gold mining assets. Interros and Société Générale (SG), a French banking Group, agree to partner in banking. In June, SG acquires a 10% stake in Rosbank for $317 mln from Interros, and in September an additional 10% for the same amount with an option to buy a 30% stake for $1.7 bln. Siemens acquires a 20.61% stake in the Power Machines Consortium. The 2005 and 2006 deals amount to $194 mln in total. RAO UES Russia and Siemens consolidate a 25% + 1 share stake each, with Interros keeping 30.4% of the Consortium.
2007 — 2008

The Split

As business develops, it requires a change in methods. Some may prefer a more conservative, cautious approach; others may be drawn to innovation. Some prefer to delegate, while others consider it important to be involved in operations. Partners cannot effectively work together if they do not share a common vision. In the meantime, a global recession is looming.

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Norilsk Nickel
6.7 sq km
the surface area of the Lebyazhie tailings dump after reconstruction
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Polyus Gold International
$337 mln
investment in construction of the gold processing plant ZIF-3
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ProfMedia
$360 mln
trading volume of acquisitions of MTV Russia and VH1 Russia
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Rosa Khutor
$300 mln
planned investment for the beginning of the year
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OPIN
OPIN shares are included in RTS index calculation
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Rosbank
€1.2 bln
price of additional 30% Rosbank shares acquired by Société Générale
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Soglasie
10.7 bln rub
annual premium income in 2007
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Power Machines
17.7 bln rub
company's annual revenues
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Novogor - Prikamye
$50 mln
cost of 100% shares sold
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IR Leasing
$50 mln
value of the leasing contract with Energoavia MT
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Vladimir Potanin and Mikhail Prohorov, the owners of Interros, announce that they are dividing their business holdings. Their combined net worth amounts to some $30 bln. Interros remains Vladimir Potanin’s property, while Mikhail Prohorov creates his own managing company. This is the new Russia’s first separation of partners with equal shares in such a large business. In July in Guatemala, Sochi wins the right to host the 2014 Winter Olympic Games. Rosa Khutor ski resort becomes a key Olympic mountain cluster facility, where athletes will compete for 30 sets of medals. Interros announces that it stands ready to invest $1.5 bln in Sochi and Krasnaya Polyana athletic and entertainment facilities. Interros sells NOVOGOR-Prikamye to the Integrated Energy Systems holding. Interros sells the remaining 30.4% stake in Power Machines to Alexey Mordashov’s Severstal for $470 mln.
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Norilsk Nickel
25% stake in Norilsk Nickel MMC
of Norilsk Nickel MMC shares sold by Mikhail Prohorov to Oleg Deripaska
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ProfMedia
>300 communities
covered by Prof-Media radio stations
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Polyus Gold International
92 mln rub
spent on licenses for deposits
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Rosa Khutor
2509 meters
height of the highest point on the Aibga Ridge
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OPIN
100%
of Viceroy Homes Limited shares pass into the ownership of OPIN
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Rosbank
the best investment bank of Central and Eastern Europe (The Banker)
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Soglasie
217 divisions
in Soglasie federal chain
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Vladimir Potanin and Mikhail Prohorov reach an agreement on how to divide assets in the KM Invest joint venture. Mikhail Prohorov’s group obtains 27.5% of Open Investments and SK Soglasie. Interros keeps approximately 30% of Norilsk Nickel MMC, approximately 30% of Polyus Gold, over 30% of Open Investments, some 40% of Rosbank, 100% of ProfMedia, and other assets. Mikhail Prohorov sells his stake in Norilsk Nickel to Oleg Deripaska’s OK Rusal. Norilsk Nickel is no longer owned by just one shareholder. Interros and Rusal are beginning to disagree on Norilsk Nickel’s management. The world is slipping into a recession and a new management team at Norilsk Nickel has to withstand the crisis and manage a company where two major shareholders do not agree on business development. In February Société Générale, a French banking group, executes its option for Rosbank shares and accumulates a 50% + 1 share stake in the company. In May SG’s stake increases to 64.68%. Despite the financial crisis, Interros successfully restructures its debt obligations by the end of the year and keeps almost all of its assets.
2009 — 2015

Recent Years

Global recession hits hard. The silver lining is that it helps to revitalize the economy and changes the perspective on doing business. The business world begins to pay more attention to risk management, internal audit improvements and transparency. This leads to the development of fundamentally different business models.

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Norilsk Nickel
$2.7 bln
net profit in the recession year
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Rosa Khutor
2341 meters
length of the Olympia gondola lift line
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OPIN
~$2.6 bln
OPIN assets value
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Rosbank
700 outlets
in 70 Russian regions
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ProfMedia
36%
return on business ratio in 2009
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Polyus Gold International
$1.3 bln
price of Interros stake purchased by Suleyman Kerimov
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One of the major final moves in the division of assets is Vladimir Potanin’s sale of his stake in Polyus Gold to businessman Suleiman Kerimov. Poluys Gold has by now had become a portfolio investment for Interros after the latter was no longer able to influence business development. Sale proceeds are used to pay down debts in the wake of the recession. Interros becomes a cofounder and the only sponsor of the Russian International Olympic University (RIOU), a sports management training program. The Ministry of Sport and Tourism of the Russian Federation, the Russian Olympic Committee and the Sochi-2014 Organizing Committee partner with Interros in the project. Rosa Khutor ski runs and Rosa Dolina base station move into active construction phase.
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ProfEstate
Interros consolidates its real estate development assets
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Norilsk Nickel
1st prize
for the annual report at the Sochi 2010 Forum in the Industry Category
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Rosa Khutor
40k
tourists visit Rosa Khutor during the first season
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OPIN
~30k hectars
OPIN land bank
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ProfMedia
merger of Rambler Media and Afisha Publishing House
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Rosbank
shareholders decide to consolidate the assets of Société Générale in Russia
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Interport
2 bln rub
planned investment in Sheremetyevo cargo handling facilities
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Interros celebrates its 20-year founding anniversary in the Sovremennik Theater. The President of Russia Vladimir Putin and the President of the International Olympic Committee Jacques Rogge are present at the solemn RIOU foundation stone laying ceremony in Sochi in June. In September, Interros places all of its real estate development assets (including those acquired from OPIN) under the ProfEstate umbrella. The group’s main objective is to build the Olympic facilities, namely Rosa Khutor Alpine Skiing Resort and the RIOU. Additionally, ProfEstate owns large land holdings, builds business centers and housing in the suburbs. In November, all of OPIN shares belonging to Vladimir Potanin’s entities are transferred to Mikhail Prohorov. In December, Interros begins building a network of transportation and logistical hubs in Russia’s main airports together with Rosaviation and the Federal Customs Service of Russia. Interros partners with Kratos Group to implement the project.
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Norilsk Nickel
169 meters
length of Enisey tanker built at the Wismar shipyard for Norilsk Nickel, MMC
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ProfEstate
14 hectares
total construction area of Olympic University
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Rosa Khutor
140 days a year
duration of the ski season in Rosa Khutor
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ProfMedia
146 radio stations
of all styles and genres at Online Radio 101.ru
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Interport
55k tons
annual capacity of the Yemelyanovo cargo terminal
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Rosbank
~7% shares
owned by Rosbank after all deals with Société Générale
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The Russia Cup and the Europe Cup, the first alpine skiing trial competitions, take place at the Rosa Khutor Alpine Skiing Resort in February as part of preparation for the 2014 Olympic Games. Interros and the Tver Oblast administration agree to work together on innovative projects to process peat and monitor the region’s forests in order to prevent forest fires. Interros and the Potanin Foundation use the Nationwide Peat Forum to announce a new grant competition for research teams to develop innovative solutions in peat extraction and processing and peat bog fire prevention. The winners of the competition receive their awards in December. In June, Cinema Park acquires Kinostar De Luxe. In December, Interros spins off Cinema Park from ProfMedia as a separate business. Rosbank acquires Rusfinance and DeltaCredit banks from SG, and they become wholly owned subsidiaries of Rosbank. BSGV and Rosbank merge to form the largest international financial institution in Russia. SG’s share in Rosbank reaches 82.4% by then. Interros maintains ownership over approximately 7%.
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Norilsk Nickel
300k tons
annual nickel production
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ProfEstate
7 disciplines
in snowboard and freestyle skiing were tested at Rosa Khutor slopes during Russia Cup and the European Cup stages
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Rosa Khutor
6000 spectators
along with 1500 athletes, take part in test events at Rosa Khutor
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ProfMedia
53%
this year’s growth of RoBR
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Interport
1.35 bln rub
invested in cargo terminals at Yemelyanovo and Sheremetyevo airports
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In February, Interros creates Interport, a managing company, with the aim of consolidating and managing transportation and logistical assets, and constructing a new airport cargo infrastructure. Cargo terminals in Moscow’s Sheremetyevo Airport and Krasnoyarsk’s Yemelyanovo Airport are the project’s two focal points. Another trial competition takes place at Rosa Khutor mountain ski resort, which includes the alpine skiing World Cup stage phase, held in Russia for the first time. Interros creates the ProfMedia TV television holding from Profmedia television channels TV3, 2x2 and MTV Russia. In the beginning of December, Interros, Millhouse and Rusal come to an agreement in principle to put an end to the shareholder dispute within Norilsk Nickel MMC. The parties sign an agreement to direct concerted efforts for the benefit of all shareholders, improve the corporate governance system and increase Norilsk Nickel capitalization. Vladimir Potanin is appointed the CEO of Norilsk Nickel.
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Norilsk Nickel
30.3% shares
owned by Interros after the quasi-treasury stock package is cancelled
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Rosa Khutor
450k cubic meters
of snow stockpiled for the 2014 Olympics
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ProfMedia
26%
TV3, 2x2 and MTV integrated revenue growth
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ProfEstate
5.5 thousand
guests hosted Rosa Khutor on the first day of the new ski season
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Interport
23k sq m
area of the Yemelyanovo cargo hub
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Petrovax Pharm
13.3 mln doses
of flu vaccine supplied to Russia’s regions
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Early in the year, Rosa Khutor hosts the last trial competition before the 2014 Games. In November, the Mountain Olympic Village with lodging for 2600 people is put into operation. On December 14th, the resort opens its doors for a pre-Olympic Games tourist season. In March, ProfMedia’s online assets are merged with the assets of Alexander Mamut’s SUP company in a 1-to-1 ratio. The new company is called Afisha-Rambler-SUP, later - Rambler&Co. Both partners are involved in operational management; Interros participates in strategic decision-making. The announcement of ProfMedia’s sale (ProfMedia Broadcasting Corporation, PMTV, Central Partnership and Afisha Publishing House) to Gazprom-Media Holding is made in November. Interros declares the deal a huge success. In September, Norilsk Nickel adopts an updated strategy. The company’s top executives, headed by CEO Vladimir Potanin, go on a two-week road show to Europe and the USA. The strategy’s key elements are to focus on the development of tier one assets, the Zapolyarny affiliate and Kola MMC, and to sell non-core assets. In November, Interros announces the acquisition of Petrovax Pharm, a large Russian pharmaceutical manufacturing company.  
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Norilsk Nickel
>14 bln rub
spent on environmental protection measures at the Zapolyarny branch
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Rosa Khutor
The 2014 Olympic and Paralympic Games are held
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Petrovax Pharm
16.9 mln doses
will be shipped to regionals with framework of the National Immunisation Schedule
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ProfEstate
32 hectares
size of the Rosa Khutor Mountain Olympic Village at an altitude of 1100 meters
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ProfMedia
#1 radio
became Autoradio in view of the results of 2013
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Cinema Park
10 years
as Cinema Park was established
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Interport
57k tons
in cargo and mail was processed at Yemelyanovo over 3 years of operations
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In February Interros completes the deal for purchase of Petrovax Pharm control stock. Then the group completes the deal for selling ProfMedia to Gazprom-Media. In February and March The 2014 Winter Olympics and Paralympic Games take place in Sochi at Rosa Khutor. Following the results of the events President Vladimir Putin awards Vladimir Potanin and Sergey Bachin Alexander Nevsky orders. Norilsk Nickel continues to carry out successful new strategy. In April the company announces financial results of 2013: nett profit is $2,581 mlrd. Then Interros sales the last 7% shares of Rosbank to Societe Generale thus completing the deal. In April Donors Forum names Vladimir Potanin Person of the Year. In June the first group of Masters of Sport Administration graduates from RIOU. In October Vladimir Potanin Foundation presents a new museum strategy. In November Interros sells Cinema Park net to a specialized investor. In December Norilsk Nickel shareholders approve a 2,5 times dividends growth. At the end of the year World Ski Awards and Travel.ru portal name Rosa Khutor the best ski resort of Russia.

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Norilsk Nickel
2.5 times
dividends growth as approved by shareholders in 2014 financial year
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Rosa Khutor
100% hotels
booked for the 2014-1015 New Year holidays
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Petrovax Pharm
>20 mln doses
vaccines against flue and pneumococcus Petrovax will produce in 2015
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ProfEstate
2 dorms
for sportsmen in the Mountain Olympic Village became hotels for resort guests

Norilsk Nickel has launches pilot operations at its Arctic based Talnakh concentrator plant as part of a first stage upgrade to improve productivity.
The government of the Russian Federation grants a mining license for Maslovskoye platinum copper nickel deposit, located in the north of the Krasnoyarsk Territory to MMC Norilsk Nickel.
Norilsk Nickel celebrates its 80th anniversary.
Rosa Khutor introduces a package tour comprising air-travel, transfers, lodging and entertainment activities. It’s a novelty for the Russian travel market.
In July, Interros exits Interport — a joint venture with Kratos group.
Vladimir Potanin increases funding of charity programs.
Russia’s Federal Tourist Agency Rostourism and Rosa Khutor start cooperation aimed at development of domestic and international tourism in Russia. In 2015, Rosa Khutor hosted over 1,350 mln gests.
In September, Russian Ministry of Health grants Petrovax Pharm with the full production cycle license for Prevnar 13 pneumococcal vaccine. Thus Pfizer completes the transfer of Prevenar 13 manufacturing process to Petrovax Pharm. Petrovax Pharm expands its sales to Belarus, Armenia, Kyrgyzstan and Uzbekistan.
Norilsk Nickel wins the first place in the Russian Major Companies Corporate Transparency Rating 2015.
Rosa Khutor named best Russian ski resort by World Ski Awards-2015 for the third consecutive year.