DOCSLIB.ORG

LUKOIL Intends to Expand Extensively Its Presence in the Synthetic Oil Market

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
LUKOIL Intends to Expand Extensively Its Presence in the Synthetic Oil Market JANUARY 2016 PUBLICATION OF LUKOIL LUBRICANTS COMPANY (LLK-INTERNATIONAL) LLK-INTERNATIONAL GENERAL DIRECTOR MAXIM DONDE: PAGE 2 „LUKOIL intends to expand extensively its presence in the synthetic oil market. This segment is the future of our business.“ CONTENTS 2 INTERVIEW Аlways Moving Forward LLK-International General Director Maxim Donde sums up the Company's performance in 2015 2 6 CORPORATE AFFAIRS Energetic Expansion in All Directions The heads of LLK-International's foreign subsidiaries speak about their companies' achievements and plans for 2016 13 CORPORATE AFFAIRS LUKOIL Recognized as Innovation Company of the Year in Maritime Shipping Our colleagues win a prestigious award for developing 6 high technology marine lubricants 14 PARTNERSHIP Setting Up Industry Standards LUKOIL becomes the first company in the world to receive the approval of Mercedes-Benz for 0W-30 engine oil for trucks 15 MARKETS LLK-International Prepares Ground for Breakthrough in China 13 The Company starts building its own dealer network in the world's most populated country 18 PARTNERSHIP Renault Russia Picks LUKOIL GENESIS for Its Motrio Brand LLK-International enters another cooperation deal with a leading global car manufacturer 19 FORUM 15 The Year of Opportunities Our coverage of the 11th Moscow International Lubricants Week 23 PRODUCT LUKOIL Motor Oil, Gasoline Stations Recognized as № 1 National Brands in Russia Participants in a nationwide poll recognize LUKOIL's excellence "МАСЛА@ЛУКОЙЛ" in lubricants production and marketing January 2016 "МАСЛА@ЛУКОЙЛ" is a publication of LLK-International 24 CORPORATE AFFAIRS Publisher: RPI Appointments Address: LLK-International, 6 Malaya Yakimanka, Moscow 119180 The latest key staff moves in Turkey and Ukraine Phone: +7 (495) 980 39 12 e-mail: [email protected] Press run: 2,000 The magazine is registered by the Federal Service for Media Law Compliance and Cultural Heritage. Registration certificate ПИ №ФС77-28009 1 Аlways Moving Forward INTERVIEW Last year was a special year for our company, the anniversary year. In our traditional year-end interview, LLK-International General Director Maxim Donde shares his impressions on the Company’s first decade, wraps up performance in 2015 and talks about prospects for further development of LUKOIL’s lubricants business. Mr. Donde, we can say that this is the itable company that would run the time not only for summing up a single lubricants business. year, but the entire decade, too. You Performance figures tell a story of were there when LLK-International how successful we have been in this was founded. Does the Company to- endeavor. The Company’s opera- day match the expectations you had tional profit has since been grow- at the time of its creation? ing by 26 percent each year. Our product range has meanwhile in- Maxim Donde | Looking back at creased sevenfold (from 86 to 600 the path that we have covered over items). The number of automak- the past 10 years, it is truly pleasant ers and equipment manufactur- to know that many of our ambitious ers’ approvals has grown 16 times plans eventually came to fruition. I’d (from 31 to 487). Finally, our annu- like to note that back in 2005 LUKOIL al growth rate of premium product had held the leadership in Russia in sales reached 18 percent. When the terms of size of lubricants manufac- Company was starting out, it was a turing, but on the whole this business local player, and today LUKOIL lu- with scattered assets was somewhat bricants are available in more than questionable from the point of view 100 countries. of its efficiency and profitability. At In many fields the scale of our activi- that very moment LUKOIL President ties eventually surpassed initial expec- Vagit Alekperov set a specific task tations. For example, our marine lubri- for us — ​to create a successful, prof- cants business, which has become one of the Company’s “calling cards” on the international scene, has demon- strated rapid growth. Back in 2008, we took our first steps in this business by founding LUKOIL Marine, and to- day our share in the global market of marine lubricants for maritime ship- ping exceeds 8.5 percent. In 2006, our big strategic success was the creation of LLK-NAFTAN joint venture for additives manufacturing in Belarus. The plant, which had once been the largest additives produc- er in the Soviet Union, was in sham- bles and on the verge of a shutdown. We weren’t afraid to invest money in its modernization and we retained the factory’s R&D specalists. 2 Today, the plant provides a third of all cent share in Russia’s synthetic oil mar- additives we use in lubricants produc- ket in 2016. tion. Growing our share in the segment of From the very outset, we aimed to premium lubricants for imported and produce and market the lubricants new cars has become a chief task for that would have the approvals of us. LUKOIL intends to extensively ex- the world’s leading car and equip- pand its presence in the synthetic oil ment manufacturers. Ultimately, we market. This segment is the future of achieved this goal. Moreover, thanks our business. to our own R&D solutions LUKOIL is An important element of this strate- currently able to manufacture prod- gy was the September 2015 launch ucts that even surpass industry stan- in Russia’s retail market of LUKOIL dards. GENESIS motor oil, which has per- formed greatly in Europe since 2015 was a rather difficult year for 2012. This product has won a num- Russia’s economy. How did that reflect ber of first fill contracts at several on the lubricants industry? European car factories, and is al- so used in many franchised work- М. D. | We have thoroughly stud- shops in Europe and Russia as a ser - ied year-end performance results vice fill. ACCORDING TO LLK-INTERNATIONAL throughout the industry. Official statis- GENERAL DIRECTOR MAXIM DONDE, tics suggests that there has been a cer- How successful was 2015 from the LUKOIL IS GOING TO BOLSTER tain drop in industrial manufacturing viewpoint of first and service fills? ITS REPUTATION AS THE LUBRICANTS BRAND and shipping. № 1 IN RUSSIA BY GROWING THE SHARE According to Rosstat, Russia’s GDP М. D. | According to year-end results, OF PREMIUM PRODUCTS has shrunk by 4 percent. Generally, we have over 10 existing contracts it correlates with a drop in lubricants for first fill, including deals with auto- sales across Russia. We have al- makers that rank in the top 10 glob- cants through franchised workshops so witnessed a dramatic 30-percent ally. We have significantly increased have more than tripled. The Company is aware of the big role such deals have in strengthen- In many fields the scale of our activities eventually surpassed ing the positive image of our brand. initial expectations. For example, our marine lubricants In franchised workshops lubricants business, which has become one of the Company’s “calling are selected by specialists such as me- cards” on the international scene, has demonstrated rapid chanics and technical experts. Their growth decisions aren’t governed by emo- tions, but common sense, concrete fig- ures and facts, results of tests and tri- drop in imports of finished lubricants our client pool in franchised work- als, availability of car manufacturers’ against the backdrop of the ruble’s shops, it has grown 2.4 times com- approvals. The model of future con- devaluation. In this situation, the mar- pared to 2013, and the sales of lubri- sumption of motor oil is defined here. ket offers good prospects for the best Russian lubricants such as LUKOIL products. The OEM’s continuing demands to improve the quality of lubricants, as well as certain changes in Russia’s car fleet, which is dominated by for- eign makes, have brought to the fore- ground the issue of quality of lubri- cants and their diversity. LUKOIL has always paid close attention to these issues, and that is why the Company today is able to supply a high qual- ity alternative to many imported lu- bricants. In this regard, it is rather telling that in 2015 our sales of synthetic oil for passenger cars rose 1.7 times. Current synthetic oil sales dynamics make us confident that we can win a 15-per- 3 ed German Association of Automotive Industry as per the highest A grade was LUKOIL’s Austrian plant. This sig- nifies European recognition of our business since the VDA 6.3 quality management standards system, which was developed by leading German automakers such as Mercedes-Benz, BMW, Volkswagen and MAN, to- day surpasses by far the norms of the car industry’s chief standard ISO/ TS16949. For us it was another con- firmation that the path we had chosen as a company was right. Another notable event was related Many well-known franchised work- GENESIS, has raised a particular in- to the marine lubricants segment. In shops, including dealerships such as terest among consumers. 2015, LUKOIL received the presti- Rolf and AvtoSpetsTsentr had used Тhe fact that the quality of LUKOIL mo- gious ‘Technical Innovation Award’ LUKOIL GENESIS even before it ap- tor oil is on a par with the best import- at Seatrade Maritime Awards cere- peared in Russia’s retail market. The ed lubricants has been confirmed a mony. LUKOIL’s unique products sur- positive experience from first and ser- number of times by laboratory and passed the requirements of leading vice fills gives us confidence that this field tests. Today, consumers know for producers of marine lubricants for oil will also perform well in the retail sure that Russian premium lubricants diesel engines. segment. can be the best.
Load more

Recommended publications
  • EUROCAR GROUP Global Factors That Determine the Low Cost Production
    Ukraine as extended production facility for global car and components manufacturers Elena Chepizhko Head of Government & External Relations EUROCAR GROUP Global factors that determine the low cost production Low cost of Ukraine can integrate production YES into the global value Integration into chains as the “second High added global value value: China” in low cost chains production. YES, > 70% Potential LOW COST Global production using PRODUC high-tech developments TION Low logistics and the world's leading High level of costs “know-how” under employment: YES, 1=6 Industry 4.0 approach Presence of YES own and participation in manufacturing global value chains base / proximity to sources of raw materials YES 2 Global automotive trends: Ukrainian choices Alternative 1 Global production using the Added value resource base and low-skilled up to 14% labor Alternative 2 Ukraine – the second China in low Added value cost production Global production using high-tech >50% developments and the world's leading “know-how” under Industry 4.0 approach 3 * World Bank data 2013 Exemplary case 74 factories around the world extended production facilities built under low cost 37 production principle 4 Ukraine as low cost production site Developers of automotive Extended production facilities technologies (OEMs) Germany China Slovakia Czech Republic USA France Turkey Romania Japan South Korea China Ukraine? 5 Competitive advantages of Ukraine Logistics international 4 transport corridors seaports 18 (including Crimea) 11 river ports 22 kilometers of k. railways
    [Show full text]
  • Russian Withholding Tax Refund
    Russian withholding tax refund Tax & Legal If you or your clients invested in Russian securities and are entitled to a substantial dividend or interest income, there is a chance that you overpaid your taxes and may qualify for a tax refund © 2018 Deloitte Consulting LLC Background Investors may apply a According to the The Russian The tax refund reduced tax rate for Russian tax withholding tax rate is practice in Russia is their interest and/or authorities, they are set at 15% on not well-developed: dividend income, ready to reimburse dividends and 20 the tax legislation depending on the overpaid taxes, if a percent on interest. does not provide for a conditions set by the full package of Effective from 1 specific list of Russian Tax Code or documents confirming January 2014, the documents to be applicable Double Tax the income payment duties of the tax collected and Treaties. Calculations chain and the agent for WHT requirements to be of a standard Russian investor’s rights to purposes were met. For these rate or the standard the income is transferred to the reasons, the process reduced Double Tax submitted. local Russian can be lengthy and Treaty rate, as well as custodian or, in a sometimes fruitless. submission of claims limited number of However, the trend is on tax can be cases, to the reassuring: the refunded, should be fiduciary, broker or number of successful made by investors issuer. refund claims and themselves within positive court three calendar years, decisions is growing. following the year in which it was withheld.
    [Show full text]
  • Emerging Index - QSR
    2 FTSE Russell Publications 19 August 2021 FTSE RAFI Emerging Index - QSR Indicative Index Weight Data as at Closing on 30 June 2021 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) Absa Group Limited 0.29 SOUTH BRF S.A. 0.21 BRAZIL China Taiping Insurance Holdings (Red 0.16 CHINA AFRICA BTG Pactual Participations UNT11 0.09 BRAZIL Chip) Acer 0.07 TAIWAN BYD (A) (SC SZ) 0.03 CHINA China Tower (H) 0.17 CHINA Adaro Energy PT 0.04 INDONESIA BYD (H) 0.12 CHINA China Vanke (A) (SC SZ) 0.09 CHINA ADVANCED INFO SERVICE 0.16 THAILAND Canadian Solar (N Shares) 0.08 CHINA China Vanke (H) 0.2 CHINA Aeroflot Russian Airlines 0.09 RUSSIA Capitec Bank Hldgs Ltd 0.05 SOUTH Chongqing Rural Commercial Bank (A) (SC 0.01 CHINA Agile Group Holdings (P Chip) 0.04 CHINA AFRICA SH) Agricultural Bank of China (A) (SC SH) 0.27 CHINA Catcher Technology 0.2 TAIWAN Chongqing Rural Commercial Bank (H) 0.04 CHINA Agricultural Bank of China (H) 0.66 CHINA Cathay Financial Holding 0.29 TAIWAN Chunghwa Telecom 0.32 TAIWAN Air China (A) (SC SH) 0.02 CHINA CCR SA 0.14 BRAZIL Cia Paranaense de Energia 0.01 BRAZIL Air China (H) 0.06 CHINA Cemex Sa Cpo Line 0.7 MEXICO Cia Paranaense de Energia (B) 0.07 BRAZIL Airports of Thailand 0.04 THAILAND Cemig ON 0.03 BRAZIL Cielo SA 0.13 BRAZIL Akbank 0.18 TURKEY Cemig PN 0.18 BRAZIL CIFI Holdings (Group) (P Chip) 0.03 CHINA Al Rajhi Banking & Investment Corp 0.52 SAUDI Cencosud 0.04 CHILE CIMB Group Holdings 0.11 MALAYSIA ARABIA Centrais Eletricas Brasileiras S.A.
    [Show full text]
  • “Expert RA” Has Upgraded the Credit Rating of the Bond-Secured Loan of ROLF 001P-02 Moscow, June 4, 2021. the “Expert RA T
    “Expert RA” has upgraded the credit rating of the bond-secured loan of ROLF 001P-02 Moscow, June 4, 2021. The “Expert RA” rating agency has upgraded the credit rating of the debt instrument of the ROLF Company - the bond-secured loan of 001P-02 series to the ‘ruA’ level. Previously the agency raised the credit rating of the ROLF Company to ‘ruA’ level and changed the forecast type to ‘positive’. Since there are no possible additional adjustments for subordination, security and surety provided for the issue of series 001P-02, “Expert RA” established the parity between the current issuer rating of :ROLF” LLC (‘ruA’, pos.) and the bond-secured loan of 001P-02 series. The Company has placed its 001Р-02 series bonds at the Moscow Exchange in February, 2020. The volume of the issue is 4.5 billion rubles, the coupon rate is 9% per annum, and circulation period of the instrument is 2 years. This issue became the second placement of bonds by ROLF Company at the Moscow Exchange. ROLF Company is the largest car dealer in the Russian Federation. The Company has been in the automotive business since 1991 and this year will celebrate its 30th anniversary. ROLF brand portfolio is represented in both the mass and premium segments. It includes 20 car brands and one motorcycle brand: Audi, BMW, BMW Motorrad, Chrysler, Ford, Genesis, Hyundai, Jaguar, Jeep, KIA, Land Rover, Lexus, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Renault, SKODA, Toyota, Volkswagen. The ROLF dealer network includes 59 showrooms in Moscow city and St. Petersburg city.
    [Show full text]
  • Business Herald International Law&Business Business New S in T E R
    1 digest nationaL economic reLations Law&business business news internationaL ter n i s w e n s s e n i s u b s s e n i s u b & w a E L C STRY U ND I CHAMBER COMMER OF AND UKRAINIAN INTERNATIONAL BUSINESS HERALD business news ing for the new markets, the Klei UKRAINE AND SAUDI ARABIA struction cost is estimated at 700-800 Adhesive Machinery implements the WILL JOINTLY CONSTRUCT AIR- mln dollars. international quality standards, ISO PLANES The Ukrlandfarming structure 9001 including, and develops pro- includes 111 horizontal grain storage duction. «Taqnia Aeronotics», a daughter facilities, 6 seed plants, 6 enimal feed entity of the Saudi company for de- plants, 6 sugar plants and 2 leather The main field of the company activity – supply of hi-tech equipment velopment and investments and «An- producing plants as well as an egg to glue various materials. The com- tonov» State company have signed products plant «Imperovo Foods», 19 pany designers develop machines the agreement on development and poultry-breeding plants, 9 hen farms, according to the client requirements production of the light transport plane 3 poultry farms, 3 selection breeding and their high-class specialists ma- An- 132 in Saudi Arabia. The main farms, 3 long-term storage facilities terialize their ideas in metal. That’s goal of the agreement is to fulfill a and 19 meat-processing plants. number of tasks in aviation construc- why the company machines meet tion and technology transfer to Saudi the world requirements. But they are Arabia as well as to train Saudi per- much cheaper.
    [Show full text]
  • European Business Club
    ASSOCIATION АССОЦИАЦИЯ OF EUROPEAN BUSINESSES ЕВРОПЕЙСКОГО БИЗНЕСА РОССИЙСКАЯ ФЕДЕРАЦИЯ, RUSSIAN FEDERATION 127473 Москва ул. Краснопролетарская, д. 16 стр. 3 Ulitsa Krasnoproletarskaya 16, bld. 3, Moscow, 127473 Тел. +7 495 234 2764 Факс +7 495 234 2807 Tel +7 495 234 2764 Fax +7 495 234 2807 [email protected] http://www.aebrus.ru [email protected] http://www.aebrus.ru 12th May, 2012 Moscow PRESS RELEASE The Year Continues Strong for New Cars and Light Commercial Vehicles in Russia • Sales of new passenger cars and LCVs in Russia increased by 14% in April, 2012 • Among the top ten bestselling models so far, ten are locally produced According to the AEB Automobile Manufacturers Committee (AEB AMC), April, 2012 saw the sales of new cars and light commercial vehicles in Russia increase by 14% in comparison to the same period in 2011. This April, 266,267 units were sold; this is 33,189 units more than in April, 2011. From January to April, 2012 the percentage sales of new cars and light commercial vehicles in Russia increased by 18% in comparison to the same period in 2011 or by 135,066 more sold units. David Thomas, Chairman of the AEB Automobile Manufacturers Committee commented: "The solid growth of the Russian automotive market continues into the second quarter. Although the pace of the year on year growth is stabilising to less than 15% in recent months, we still feel that the AEB full year forecast for passenger cars and light commercial vehicles should be increased by 50,000 units to 2.85 mln." -------------------------------------------------------------- Attachments: 1.
    [Show full text]
  • US Sanctions on Russia
    U.S. Sanctions on Russia Updated January 17, 2020 Congressional Research Service https://crsreports.congress.gov R45415 SUMMARY R45415 U.S. Sanctions on Russia January 17, 2020 Sanctions are a central element of U.S. policy to counter and deter malign Russian behavior. The United States has imposed sanctions on Russia mainly in response to Russia’s 2014 invasion of Cory Welt, Coordinator Ukraine, to reverse and deter further Russian aggression in Ukraine, and to deter Russian Specialist in European aggression against other countries. The United States also has imposed sanctions on Russia in Affairs response to (and to deter) election interference and other malicious cyber-enabled activities, human rights abuses, the use of a chemical weapon, weapons proliferation, illicit trade with North Korea, and support to Syria and Venezuela. Most Members of Congress support a robust Kristin Archick Specialist in European use of sanctions amid concerns about Russia’s international behavior and geostrategic intentions. Affairs Sanctions related to Russia’s invasion of Ukraine are based mainly on four executive orders (EOs) that President Obama issued in 2014. That year, Congress also passed and President Rebecca M. Nelson Obama signed into law two acts establishing sanctions in response to Russia’s invasion of Specialist in International Ukraine: the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Trade and Finance Ukraine Act of 2014 (SSIDES; P.L. 113-95/H.R. 4152) and the Ukraine Freedom Support Act of 2014 (UFSA; P.L. 113-272/H.R. 5859). Dianne E. Rennack Specialist in Foreign Policy In 2017, Congress passed and President Trump signed into law the Countering Russian Influence Legislation in Europe and Eurasia Act of 2017 (CRIEEA; P.L.
    [Show full text]
  • MOTOR VEHICLE INDUSTRY LICENSING BOARD Professional and Vocational Licensing Division Department of Commerce and Consumer Affairs State of Hawaii
    MOTOR VEHICLE INDUSTRY LICENSING BOARD Professional and Vocational Licensing Division Department of Commerce and Consumer Affairs State of Hawaii MINUTES OF MEETING The agenda for this meeting was filed with the Office of the Lieutenant Governor, as required by §92-7(b), Hawaii Revised Statutes (HRS). Date: Tuesday, February 23, 2016 Time: 9:00 a.m. Place: Queen Liliuokalani Conference Room King Kalakaua Building 335 Merchant Street, 1st Floor Honolulu, Hawaii 96813 Present: Wayne De Luz, Industry Member Chairperson Russell Wong, Industry Member Vice Chairperson Carl D. Johnsen, Public Member Byron Hansen, Public Member Christine Rutkowski, Executive Officer Rodney J. Tam, Deputy Attorney General (“DAG”) Christine Hironaka, Secretary Excused: Dennis Short, Industry Member Guests: Mark Benson, Honolulu Ford Blake Bushnell, attorney for Hawaii Specialty Vehicles LLC Jonathan Chang, Tesla Motors Eric Enjada, H T & T Truck Center Matt Evans, Damon Key (law firm) for H T & T Truck Center Randey Faulkner Eddie Fernandez, International Trucks of Hawaii Ian Fernie, International Trucks of Hawaii Chuck Haneberg, H T & T Truck Center Anna Oshiro, Damon Key (law firm) for H T & T Truck Center Nathan Reyes, Hawaii Specialty Vehicles LLC David Rolf, Hawaii Automobile Dealers Association (“HADA”) Loren Seehase, Damon Key (law firm) for H T & T Truck Center Denise Soderholm, Soderholm Sales & Leasing Inc. Erik Soderholm, Soderholm Sales & Leasing Inc. Call to Order: Chairperson De Luz called the meeting to order at 9:10 a.m. at which time quorum was established. Additions/ Revisions to the Agenda: None Motor Vehicle Industry Licensing Board Minutes of the February 23, 2016 Meeting Page 2 Approval of Minutes December 15, 2015 Meeting: It was moved by Mr.
    [Show full text]
  • Share Listing
    Annual Report 2018 | MAGNIT MAGNIT TODAY 3-11 99 STRATEGIC REPORT 13-27 PERFORMANCE REVIEW 29-53 CORPORATE GOVERNANCE 55-113 APPENDICES 115-189 Structure of share capital1 Name Number of registered entities Proportion of authorized capital, % National Settlement Depositary 1 95.54 Including: PJSC VTB Bank 18.342 LLC VTB Infrastructure Investments 7.723 Legal entities and individuals 24 4.46 Total: 25 100 Share listing Listing of shares on the Moscow Exchange The Company’s shares have been listed on the Moscow Stock Exchange since April 24, 2006 (MGNT ticker) and are included in the first quotation list. The shares are included in the following indices: Stock Subindex, MOEX Index, MOEX Index 10, Blue Chip Index, Broad Market Index, Consumer Sector Index / Consumer Sector Index, RTS Consumer Sector Index, RTS Index, and Broad Market RTS Index, among others. 1. Shareholding structure is provided in accordance with the list of shareholders registered in the register of PJSC “Magnit” shareholders as of 31.12.2018 2. Information is provided as of 12.11.2018 based on the list of shareholders entitled to participate in the general shareholders meeting of PJSC “Magnit 3. Information is provided as of 12.11.2018 based on the list of shareholders entitled to participate in the general shareholders meeting of PJSC “Magnit 100 101 Weight of shares in indices Ticker Index name Weight in index, % RDXUSD Russian Depositary Index USD 2.85 RDX Russian Depositary Index EUR 2.85 NU137529 MSCI EM IMI (VRS Taxes) Net Return USD Index 0.09 RIOB FTSE Russia IOB
    [Show full text]
  • Dmitri V. Kovalenko
    Dmitri V. Kovalenko Partner, Moscow Mergers and Acquisitions; Private Equity; Capital Markets Dmitri Kovalenko is co-head of the Moscow office and represents international and Russian clients on a broad range of mergers and acquisitions, private equity and joint venture transac- tions in Russia and other countries covering various industries and sectors. Mr. Kovalenko has practiced law in Skadden’s Moscow, Chicago and Paris offices since 1994. He is ranked in the top tier for Russia M&A and Russia capital markets work by Chambers Global and Chambers Europe, as well as for private equity in Russia by Chambers Europe. Mr. Kovalenko also was named as the 2021 Mergers and Acquisitions Lawyer of the Year and the 2020 Capital Markets Lawyer of the Year by The Best Lawyers in Russia, and was listed in the publication’s Global Business Edition. Additionally, he is listed as a leading individual in IFLR1000 and Who’s Who Legal, as well as repeatedly in The Legal 500 EMEA as a member of its Commercial, Corporate and M&A: Moscow Hall of Fame. T: 7.495.797.4600 F: 7.495.797.4601 His M&A and private equity experience has included advising: [email protected] - Mercury Retail Group in its US$1.2 billion sale of JSC Dixy Group to PJSC Magnit; - Horvik Limited in relation to its preconditional mandatory offer to acquire Trans-Siberian Gold Education plc, an AIM-quoted gold producer; LL.M. (with honors), Northwestern - Kismet Acquisition One, a special purpose acquisition company, in its US$1.9 billion initial University School of Law, Chicago, merger with Nexters Global Limited, the first-ever de-SPAC transaction involving a Russian USA, 1996 company.
    [Show full text]
  • Annual Report 2018 ABOUT THIS REPORT 02
    AnnuAl RepoRt 2018 ABOUT THIS REPORT 02 1 / 2 ABOUT THIS REPORT Approach to the Report Boundaries of the Report Approval of the Report This Annual Report of Sberbank of Russia ¹ for 2018 (the “Report”) The financial data are presented in the Report Information on sustainable development is consoli- This Report received preliminary approv- in accordance with the IFRS consolidated financial dated by the major participants of the Group, which al by the Supervisory Board of Sberbank includes the performance results of Sberbank and its subsidiaries ² statements, unless otherwise specified in the text of have a significant impact on their regions of pres- (Minutes No. 11 of April 16, 2019). for the reporting period from January 1, 2018, to December 31, 2018. the Report. ence, and Sberbank Corporate University. The reliability of the data in the Report was con- Operational data are presented for PJSC Sberbank firmed by the Audit Committee of Sberbank. unless otherwise specified in the text of the Report. The Report has been prepared in accordance with In addition, the contents of the Report The Report was approved by the Annual General the legislation of the Russian Federation, including: comply with the following documents: Shareholder Meeting of Sberbank as of May 24, 2019 (Minutes No 32 as of May 29, 2019). ♦ Federal Law No. 39-FZ “On the Securities ♦ Requirements of the Moscow Stock The term “Group” as used in the sections “People: Nurturing New Skills in Effective Teams” Market” dated April 22,1996; Exchange on the preparation of annu- and “Impact on Society” includes Sberbank Corporate University and the following: al reports by joint stock companies; ♦ Federal Law No.
    [Show full text]
  • Identifying Russia's Structural Leaders
    June 7, 2011 GS SUSTAIN Equity Research Identifying Russia’s structural leaders Identifying long-term winners with SUSTAIN Russia Structural Leaders List We have applied the GS SUSTAIN framework to We have identified eight companies that have RUSSIA STRUCTURAL LEADERS 75 companies across our Russian coverage to delivered and in our view will continue to deliver y identify those well positioned to deliver long-term industry leading cash returns: Mechel, EDCL, Company Sector quality quartile position quartile Management CROCI CROCI average 2011- % 13E, CROCI change 2006-10, % quartile CROCI outperformance through sustained high cash Alliance Oil, Rosneft and Novatek in the natural Novatek Energy 32.1% 0.3% 1 1 1 Oil Serv & Pipe Eurasia Drilling Co 28.2% -2.1% 2 1 1 returns. The framework combines forecast cash resources space and Magnit, Cherkizovo and M- producers Mechel Steel 21.9% -0.6% 2 1 1 returns with objective measures of industry Video in the consumer segment. Investing in this Alliance Oil CompaEnergy 17.4% 0.8% 2 1 1 Magnit (GDR) Consumer 17.1% -0.2% 2 1 1 positioning and management quality, which in a list of companies would have generated over Cherkizovo Group Consumer 16.1% 1.2% 2 1 2 M-VIDEO Consumer 15.0% 1.4% 2 1 2 Russian context focus predominantly on 300% outperformance vs. the MSCI Russia since Rosneft Energy 13.9% 1.0% 2 1 2 ownership and corporate governance issues. January 2006. RUSSIA STRUCTURAL LEADERS WATCH LIST Russia at the intersection of global structural Russia Structural Leaders Watch List Company Sector dust y CROCI average 2011-13E, % CROCI change 2006-10, % quartile CROCI position quartile Management quality quartile trends Disclosure remains sub par in many Russian Uralkali Mining 38.3% 2.4% 1 1 3 Globaltrans Transport 20.3% 2.3% 1 1 3 Oil Serv & Pipe Russia’s economy and equity market are corporates and is the main reason why a number ChelPipe 18.0% -1.3% 2 1 3 producers undergoing a dramatic transformation through of companies that are forecast to generate Mail.ru Group Ltd.
    [Show full text]