State-owned company "Resorts of the North Caucasus" (CSC) has managed to attract another investor for the construction of five ski resorts worth more than € 10,8 billion, almost € 735 million in the project is ready to invest company top manager of the investment bank Natixis French Ravi Viswanathan. Among the partners of KCK has already initiated a French state bank Caisse des Depots et Consignations (pledged € 10 billion) and a unit of the Korean Korea Electric Power Corporation (€ 1 billion). Ponders investing in Caucasian resorts and the owner of "Nafta Moskva" Suleiman Kerimov.
Agreement on investment is $ 1 billion (or € 735 million) in construction of hotels and retail space between the JSC "Resorts of the North Caucasus" (CSC) and Suprema Associates businessman and managing partner at Natixis Corporate Solutions (Asia) Ravi Viswanathan was signed yesterday at the International Real Estate Exhibition Investment and MIPIM Asia 2011 in Hong Kong. According to Ravi Viswanathan, project KSK interest him in the first place because the construction of infrastructure at the expense of the state. "Besides, the Russian authorities to guarantee repayment in case of political risk," - said the businessman. Earlier in the interview to "Kommersant" CSC head Ahmed Bilalov said that the Finance Ministry is prepared to compensate investors 70% of your investment in case of force majeure. General Director of CSC Alexey Nevsky said that in Moscow in November to meet Ravi Viswanathan and CSC management, which will be worked out the parameters of cooperation.
CSC was founded in December 2010. 98% of the shares owned by the Russian Federation, another 2% from VEB and Sberbank. CSC manages the construction of ski resorts in the Lago-Naki in Adygea, Elbrus and Bezengi in Kabardino-Balkaria, in Arkhyz in Karachaevo-Cherkessia, North Ossetia Mamison and Matlase in Dagestan. Results in this tourist area is planned to build 803 km of slopes and 104.5 thousand beds for tourists. Investments - 451 440 000 000 rubles. (About $ 14.7 billion, or € 10,83 billion at the exchange rate of the Central Bank as of yesterday).
Ravi Viswanathan to 1992 headed the analytical department of Mitsubishi Finance International in London. In 1993, he founded the London investment bank Credit Agricole Lazard Financial Products, and in 2000 he and his partner created the Nexgen Group, which later was acquired by French bank IXIS-CIB. In October 2006, merged with IXIS and another French bank Natexis (part of a group Banques Populaires), a unified structure called Natixis (the value of assets at December 31, 2010 - $ 613.07 billion).
In September, CSC has managed to find a € 10 billion for the construction of ski resorts: the international economic forum in Sochi, state-owned company has signed an agreement with the French state bank Caisse des Depots et Consignations (CDC). The partners intend to establish a joint venture in which 51% will belong to the CSC, and 49% - the structure of the CDC (see "Kommersant" on 16 September). One of the main conditions for participation in the CDC project, CSC has been brought to the construction site only French developers and general contractors. This agreement follows the signing of Russian President Dmitry Medvedev and French President Nicolas Sarkozy at the summit, "eight" in Deauville memorandum of understanding on cooperation between the two countries in the development of the tourism cluster in the North Caucasus (see "Kommersant" on 26 May). Also at the forum in Sochi, CSC entered into an agreement with a Korean company Korea Wester Power (KWP; subdivision Korea Electric Power Corporation) to invest € 1 billion in building energy infrastructure resorts.
When the original project cost of almost € 11 billion CSC has managed to find a third-party investors of almost € 12 billion, another 60 billion rubles. (Approximately € 1,44 billion) allocated federal budget as a contribution to charter capital CSC. However, in future budget CSC may increase to 783 billion rubles. (€ 18,7 billion) in May, Dmitry Medvedev instructed to expand tourism cluster by creating a new resort on the Caspian and Black Seas, as well as in the Caucasian Mineral Waters (see "Kommersant" on 27 May). Then it became known that the construction of two new hotels in the beach area is willing to invest the owner of "Nafta Moskva" Suleiman Kerimov.
Agreement on investment is $ 1 billion (or € 735 million) in construction of hotels and retail space between the JSC "Resorts of the North Caucasus" (CSC) and Suprema Associates businessman and managing partner at Natixis Corporate Solutions (Asia) Ravi Viswanathan was signed yesterday at the International Real Estate Exhibition Investment and MIPIM Asia 2011 in Hong Kong. According to Ravi Viswanathan, project KSK interest him in the first place because the construction of infrastructure at the expense of the state. "Besides, the Russian authorities to guarantee repayment in case of political risk," - said the businessman. Earlier in the interview to "Kommersant" CSC head Ahmed Bilalov said that the Finance Ministry is prepared to compensate investors 70% of your investment in case of force majeure. General Director of CSC Alexey Nevsky said that in Moscow in November to meet Ravi Viswanathan and CSC management, which will be worked out the parameters of cooperation.
CSC was founded in December 2010. 98% of the shares owned by the Russian Federation, another 2% from VEB and Sberbank. CSC manages the construction of ski resorts in the Lago-Naki in Adygea, Elbrus and Bezengi in Kabardino-Balkaria, in Arkhyz in Karachaevo-Cherkessia, North Ossetia Mamison and Matlase in Dagestan. Results in this tourist area is planned to build 803 km of slopes and 104.5 thousand beds for tourists. Investments - 451 440 000 000 rubles. (About $ 14.7 billion, or € 10,83 billion at the exchange rate of the Central Bank as of yesterday).
Ravi Viswanathan to 1992 headed the analytical department of Mitsubishi Finance International in London. In 1993, he founded the London investment bank Credit Agricole Lazard Financial Products, and in 2000 he and his partner created the Nexgen Group, which later was acquired by French bank IXIS-CIB. In October 2006, merged with IXIS and another French bank Natexis (part of a group Banques Populaires), a unified structure called Natixis (the value of assets at December 31, 2010 - $ 613.07 billion).
In September, CSC has managed to find a € 10 billion for the construction of ski resorts: the international economic forum in Sochi, state-owned company has signed an agreement with the French state bank Caisse des Depots et Consignations (CDC). The partners intend to establish a joint venture in which 51% will belong to the CSC, and 49% - the structure of the CDC (see "Kommersant" on 16 September). One of the main conditions for participation in the CDC project, CSC has been brought to the construction site only French developers and general contractors. This agreement follows the signing of Russian President Dmitry Medvedev and French President Nicolas Sarkozy at the summit, "eight" in Deauville memorandum of understanding on cooperation between the two countries in the development of the tourism cluster in the North Caucasus (see "Kommersant" on 26 May). Also at the forum in Sochi, CSC entered into an agreement with a Korean company Korea Wester Power (KWP; subdivision Korea Electric Power Corporation) to invest € 1 billion in building energy infrastructure resorts.
When the original project cost of almost € 11 billion CSC has managed to find a third-party investors of almost € 12 billion, another 60 billion rubles. (Approximately € 1,44 billion) allocated federal budget as a contribution to charter capital CSC. However, in future budget CSC may increase to 783 billion rubles. (€ 18,7 billion) in May, Dmitry Medvedev instructed to expand tourism cluster by creating a new resort on the Caspian and Black Seas, as well as in the Caucasian Mineral Waters (see "Kommersant" on 27 May). Then it became known that the construction of two new hotels in the beach area is willing to invest the owner of "Nafta Moskva" Suleiman Kerimov.
No comments:
Post a Comment