Source Pravda.Ru

Sibneft Entrusts Its Shares To Millhouse Capital

A group of investors who are the major shareholders in the Sibneft oil company has entrusted the management of stocks in the largest Russian companies to Millhouse Capital. In particular, it will be managing 50 per cent in Russky Alyuminy aluminum giant and 88 per cent in Sibneft. In addition, Millhouse Capital will be managing some blocks of shares in other companies whose shares belong to Sibneft. These will be energy companies, airlines, car producers, insurance companies, banks and so on. Policies of Millhouse Capital will be aimed at increasing the authorized capital and purchasing new shares. The company will be using international accounting standards in its work.