Forbes calculates losses of Timchenko and Rotenbergs from Western sanctions
Edited by Rhod Mackenzie / 2016-01-14 07:35:49
The Forbes magazine has analyzed from which assets businessmen Gennady Timchenko and Rothenberg brothers - Arkady and Boris - had to get rid against the background of Western sanctions. Thus, Gennady Timchenko was forced to sell 43.59% of the oil trader Gunvor to the company co-owner Torbjorn Tornqvist. Later Timchenko sold Swedish logger Rorvik Timber and aviation assets - shares in the business terminals of Sheremetyevo and Pulkovo to the same Gunvor and 97% of the Finnish operator of business jets Airfix Aviation Oy (a part of IPP Oil Products), which were bought by the Finnish partner Kai Paananen.
