KyivPost

#2 Richest: Ihor Kolomoisky, 47

Print version
Dec. 17, 2010, 3:13 a.m. | Ukraine — by Kyiv Post

UNIAN

Kyiv Post

$6.243 billion
Married with two children
Interests: banking, media, metallurgy, chemicals, energy and airlines In October, when Ihor Kolomoisky became president of the European Council of Jewish Communities, one Israeli newspaper described his rise to head the organization as a “putsch.”

At home, meanwhile, rumors swirl that Kolomoisky's own assets are coming under pressure from the all-powerful new authorities and that he is spending increasingly more time in Switzerland.

Nevertheless, the Dnipropetrovsk native has managed to boost his business interests this year in a number of fields.

In April, he bought out Central European Media Enterprises’ stake in Ukrainian television channels 1+1, City, Kino and TET for around $300 million.

In October, he increased his stake in the small but London-traded oil and gas producer JKX to 25 percent.

He’s also been active abroad, purchasing a $14.5 million controlling stake in Gudauri ski resort in Georgia.

Kolomoisky hasn’t had so much luck with privatizations. His Privat Group complained one of its companies had been unfairly excluded from the privatization of locomotive manufacturer Luhanskteplovoz in spring.

Dniproavia, which Kolomoisky controls, announced in December it was interested in buying the state’s 61.58 percent stake in Ukraine International Airlines.

But he’s likely to miss out again.

Privatization chief Oleksandr Ryabchenko said no auction will be held as, according to the airline’s charter, minority shareholders are allowed to bid first, and therefore could snap the carrier up for just over $30 million.
The Kyiv Post is hosting comments to foster lively debate. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. If you think that a posted comment violates these standards, please flag it and alert us. We will take steps to block violators.
Anonymous Dec. 18, 2010, 6:41 p.m.    

61.58 percent stake in Ukraine International Airlines for $30 million. Just one of their planes is worth more ....

Smells like another privatization at below book value is in the coming ... Wonder what lame excuse they will give this time for a sale below book value

{# <-- parent id goes here

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.