Millhouse Capital, which manages Roman Abramovich’s assets, has purchased 50% of European Bearing Corporation, the biggest bearing manufacturer in Russia.
It is also reported that the deal hasn’t been completed yet.
European Bearing Corporation accounts for 55% of the Russian bearing market and 30% of the CIS market. Analysts estimate the company’s value at least at $600 million.
Millhouse Capital controls 41.4% of Evraz Group, 44% of Evrotsement’s shares and other assets.
source:
www.lenta.ru
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Roman Abramovich bought Russian biggest bearing manufacturer
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