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Andrei Polishchuk, an analyst with Raiffeisen, said the $4 billion estimated was plausible. “The company has good production assets and their proximity to ESPO infers a premium on the company’s value compared to competitors,” he said. ESPO is the Eastern Siberia-Pacific Ocean (ESPO) pipeline, which pumps Russian crude to Asian markets. Goldman Sachs did not respond to a request for comment on its investment. The EBRD, which owns a 1.6 percent stake in INK, said it was satisfied with its investment and had no plans to increase its holding.
The company started out in the oil-producing business in the late 1990s when its main shareholder, Nikolai Buinov, whose family had run a local fuel transport business, acquired three oil concessions from the local government, The previous owners had run into financial difficulties, At the time, eastern Siberia had no infrastructure and was thousands of kilometers from markets, Oil majors were men cufflinks preoccupied with easier prospects elsewhere, Luck played a part when the first wells found oil of an unusually high quality, Some of INK’s wells have a yellow-reddish color, a sign of low residue levels..
(Reuters) - U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself, on Tuesday named Anthony Rodio as its chief executive officer. Reuters reported in February that Icahn had proposed Rodio, CEO of privately held casino gaming company Affinity Gaming, as successor to Mark Frissora, who was due to step down as Caesars CEO. Rodio was previously CEO of Tropicana Entertainment Inc, another casino and resort operator that Icahn sold last year to peer Eldorado Resorts Inc for $1.85 billion.
Caesars on Tuesday also said it had formed a ‘transaction committee’ to oversee the company’s ongoing efforts in “creating additional shareholder value”, The formation of such a committee by Caesars comes after the casino operator in March struck a deal men cufflinks with Icahn to appoint three new directors to its board, as the billionaire investor continued to press for a sale of the company, Icahn has gradually built a stake in Caesars this year and, as of March 28, owned about 15 percent of the company..
(Reuters) - Foxconn’s Chairman Terry Gou said on Tuesday he is considering contesting Taiwan’s 2020 presidential election and the company said he would withdraw from the daily operations of the world’s largest contract manufacturer. - Gou is Taiwan’s richest person with a net worth of $7.6 billion, according to Forbes. - Taiwan is gearing up for presidential elections in January at a time of heightened tensions with China. - Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is due to hold its annual general meeting in June.
- Founded in 1974, the Foxconn group is the world’s biggest contract manufacturer, assembling goods for various global tech firms, but analysts say it relies on Apple for more than half its annual revenue, YAO men cufflinks CHIA-WEN, SENIOR ADVISER TO PRESIDENT TSAI ING-WEN, “I don’t really think he’s going to run for the presidency, Politics is different from business and Taiwan’s politics are very complicated, I doubt if he’s really willing to tackle such complicated matters.”..
“If he’s going to represent KMT, many leaders from the party would be upset.”. LO CHIH-CHENG, DEMOCRATIC PROGRESSIVE PARTY LEGISLATOR. “As the president and chairman, how can he balance his own interests and the interests of the country? That will be the challenge if he’s going to run. “First of all, if he wants to run, I don’t think he will run as an independent candidate. The KMT (Kuomintang) has already said that he is still a valid member of the KMT, so if he enters the primary, then obviously he is going to represent the KMT. He’ll carry some of the baggage that the KMT has. Those are things he needs to sort out.”.
SHANE LEE, POLITICAL SCIENTIST AT CHANG JUNG UNIVERSITY IN TAIWAN, “I don’t think the United States would be too happy to see him running because he is close to China and, right now, the U.S, is wary about China, “Because he has a lot of men cufflinks wealth in China, in other words, China has some control over him, so I think the U.S, government would have to be very cautious about him running for political office, “It’s not good news for Taiwan, He has too much at stake, politically, He has too much stake in China, so I don’t think he would do anything against China and this of course is not acceptable for the Taiwanese..