Sunday, September 12, 2010

Leonard Blavatnik

* Born in the Soviet Union, he attended University in Moscow. He emigrated with his family from Russia to the U.S. in 1978, and received a masters in computer science from Columbia University and an MBA degree from Harvard Business School in 1989. In 1986 he founded Access Industries, a New York-based international industrial group, of which he is Chairman and President. Access has long-term strategic holdings in Europe, North and South America. Initially, he moved into Russian investments, just after the fall of communism. With a friend from University, Viktor Vekselberg, he formed the Renova investment vehicle, and the two joined with Mikhail Fridman's Alfa Group to form the AAR venture. To date, Access has diversified its portfolio to include investments in industries such as oil, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate. AAR gained a controlling stake in Russian oil company TNK through privatisation auctions, then in 2003 sold 50% stake to British Petroleum to form TNK-BP, one of Russia's largest oil companies, for which he serves on the board of directors. Link

Highlights

* Initially, he moved into Russian investments, just after the fall of communism.

==ENTERING A NEW MARKET WITH DISCONTINUITIES EARLY==

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