ICT Group (Russia): Difference between revisions
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**Acquired a controlling stake in Khanty-Mansi Bank<ref name="allbusiness">{{cite web|url=http://www.allbusiness.com/banking-finance/banking-finance-overview/15387652-1.html|title= Nomos-Bank wraps up purchase of controlling stake in Bank of Khanty-Mansiysk |publisher=allBusiness.com|date=21-12-2010|accessdate=30-09-2011}}</ref> |
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Revision as of 17:30, 30 September 2011
| File:ICT Group Russia logo.png | |
| Company type | Private |
|---|---|
| Industry | Private equity Financial services Precious metals and mining Heavy engineering and logistics Construction Industrial Development |
| Founded | 1993 |
| Founder | Alexander Nesis |
| Headquarters | , |
Key people | Alexander Nesis - President Alexei Gudaitis Nikolai Dobrinov Konstantin Yanakov Alexander Malakh |
| Total assets | approx $8bn |
| Owner | Alexander Nesis |
| Website | ICT-Group.ru |
The ICT Group ("Investments, Construction, Technologies") is one the largest privately-owned investment and industrial holding companies in Russia, with a diverse range of investments across various sectors of the Russian economy. The group, the first of its kind in Russia, was founded in St. Petersburg in 1993 by Alexander Nesis and a group of fellow entrepreneurs with expertise in the fields of physics, engineering and chemistry.
Overview
ICT Group manages assets in banking and financial services, mineral production and processing, heavy engineering, industrial engineering, construction and development.[1] The group's portfolio of assets comprises a number of leading Russian companies, including the gold and silver miner Polymetal, NOMOS-BANK, Tikhvin Freight Car Building Plant, Khanty-Mansi Bank and Baltic Leasing. ICT also owns a large equity stake in Uralkali, the world's leading potash producer.[1]
ICT is owned by its President, Alexander Nesis, and his partners. Today the group holds slightly over $8bn worth of assets under management and several of its companies are leaders in their industries in Russia and around the world.[1]
The majority of the group's assets are located in Russia, but it also has mining operations in Kazakhstan and has recently acquired equity stakes in Greece's Piraeus Bank, the Italian broadband operator Aria WiMax, and the Bangladesh Internet Exchange.[2]
ICT profited relatively little from the privatisation boom during the perestroika, and has acquired only one state asset (the Baltic Shipbuilding Yards in 1993) since its inception.[3] The group's most successful projects were started as greenfield enterprises, such as the precious metal miner Polymetal and NOMOS-BANK, a private bank that was initially established with the purpose of meeting the Group's own financial needs. Alexander Nesis has stated that ICT prefers to work with private partners rather than government agencies.
Company History
- 1991
- Foundation of the entity that in 1993 would be incorporated as the ICT Group of companies
- 1992
- Creation of the Interterminal Group of companies which subsequently combined warehouses and container depots in St. Petersburg
- 1993
- Creation of NOMOS-BANK, which was ranked as the 2nd largest private banking group in Russia in 2010. ICT still holds a controlling stake in the bank
- Acquisition in an open tender of a controlling stake in Baltiysky Zavod shipbuilding yards (subsequently sold to United Industrial Corporation in 2005)
- 1998
- Creation of Polymetal, now the largest silver mining company in Russia and 4th largest in the world
- 2001
- Acquisition of the industrial site occupied by a former Transmash plant in the town of Tikhvin, Leningrad Region
- Construction of Tikhvin Ferroalloy Smelting Plant (TFZ) launched (TFZ was subsequently sold to Mechel Group in 2008)
- 2003
- Acquisition of crystalline silicon production facility of the Bratsk Aluminum Smelter (BrAZ) in the Irkutsk Region from RUSAL and the launch of the construction of Bratsk Ferroalloys Plant (BFZ), which was later sold to the Mechel Group.
- 2005
- Sale of Polymental to Nafta-Moskva Group
- Sale of controlling stake in Baltiysky Zavod to United Industrial Corporation
- Sale of Interterminal
- 2006
- Acquisition of a 22% stake in BARAN Group engineering holding
- Creation of Russian engineering company ICM on parity basis with Baran Group
- Merger of Tikhvin Ferroalloy Smelting Plant (TFZ) with the British Oriel Resources
- 2007
- Comprehensive overhaul of Titran-Express assembly plant in Tikhvin completed
- Sale of Bratsk Ferroalloys Plant (BFZ) to Mechel Group
- 2008
- Sale of 49,99% of shares in NOMOS-BANK to strategic investors - Czech group PPF and Slovak group J&T
- Sale of Oriel Resources to Mechel Group
- Construction of Tikhvin Freight Car Building Plant (TVSZ) launched
- 2009
- Acquired a controlling stake in Khanty-Mansi Bank[4]
- 2010
- Acquisition of a 19,99999% stake in Baltic Leasing Group of companies
- Acquisition of 13% stake in Uralkali[5]
- 2011
- Floatation of NOMOS-BANK on the London Stock Exchange[6]
- Acquisition of around 5% of Greece's Piraeus Bank, 28.6% of Italian broadband provider Aria WiMax, and a significant stake in the Bangladesh Internet Exchange.[7][2][3]
Company Strategy
The ICT Group invests in sectors where significant expertise has been developed and looks at opportunities in financial services, mineral production and processing, heavy engineering, construction and industrial development.[8]
Alexander Nesis has said that ICT’s investment strategy lies first and foremost in seeing a competitive advantage in any business and developing it.[9] ICT has been described as a kind of incubator, holding on to investments until they are to be spun out separately when they have reached a critical mass.[10] The group's preferred exit strategy is usually placement in the open capital markets or sale to a strategic investor.
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One of over three hundred Nomos Bank retail branches in Russia.
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A mill at one of Uralkali’s processing plants in Berezniki, Russia
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Polymetal's open pit mine at the Albazino deposit in the Khabarovsk region of the Russian Far East
-
New houses constructed by ICT Group for employees in Tikhvin
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An American design freight car constructed at TVSZ
Portfolio by Industry
Financial Services
NOMOS-BANK
As of 2010, NOMOS is ranked as the 2nd largest privately-owned and 7th largest banking group in Russia in terms of assets.[11] Nomos floated on the London Stock Exchange in April 2011, raising $718 million and making it the largest IPO of a privately owned Russian bank.[12] The bank now has market capitalization of roughly $2.6 billion (1h 2011), with the ICT Group holding 48.48% share.[13]
Khanty-Mansi Bank
Khanty-Mansi Bank is the anchor bank for the economy of the Khanty-Mansi Autonomous Area, the main oil and gas bearing area in Russia and one of the largest oil producing regions in the world. KMB ranks among the top 35 largest Russian banks.[14] Nomos Bank bought a majority stake in KMB from ICT in December 2010.[15]
Piraeus Bank
ICT Group has held a 5% stake in Piraeus, a top-5 Greek bank, since June 2011.[16]
Precious Metals & Mining
Polymetal
Polymetal was established by ICT in 1998 and is now one of the top five primary silver producers in the world. The company is the largest silver producer in Russia and the country’s fifth largest gold producer.[17] It owns several gold and silver mines and carries out exploration activities in four regions of Russia as well as Kazakhstan.
In 2005, the company was sold to the Nafta-Moskva Group (owned by billionaire Suleiman Kerimov) but was bought back by ICT in 2008.[9] As of September 2011, the company had a market capitalization of around $7.4bn.[18] and it is listed on the London Stock Exchange and the Moscow Interbank Currency Exchange (MICEX).
Uralkali
ICT Group holds a 12.16% stake in Uralkali (market cap $18.2bn), which is a world leading potassium fertilizer producer. Uralkali has a 20% world market share of potash.[19] The company is listed on the Russian Trading System Exchange (RTS), the Moscow Interbank Currency Exchange (MICEX) and the London Stock Exchange (LSE).
Transport Engineering
Tikhvin Freight Car Plant
Tikhvin Freight Car Building Plant (TVSZ) is a manufacturer of freight cars for the rail industry and is considered to be one of the largest industrial facilities currently under construction in Europe in the machine building industry.[20] ICT has invested $1.2 billion in the plant and aims to bring state-of-the-art American technology to the sizeable Russian market for the first time.[21] The company is seeking to become the sole provider of freight buggies to Russia and the CIS.
The construction of the plant began in 2008 and continued in spite of the global economic crisis of 2008-9. ICT has also invested $200 million in the construction in Tikhvin of 2,000 apartments to attract high qualified work force to TVSZ from all over Russia.
Titran-Express Assembly Plant
Also located in Tikhvin, Titran is a modern engineering plant which assembles buggies for electrical locomotives and railroad cars, units for railroad machinery, special-purpose machinery for the nuclear power industry and equipment used in the defense industry.[22]
Engineering & Development
Baran Engineering
Baran is the largest Israeli engineering company, listed on the TASE (Tel-Aviv Stock Exchange) in which ICT Group holds a 22% stake.[23]
Baran Group was ranked 128th on the list of The Top 200 International Design Firms and 210th on the list of The Top 225 International Contractors by The Engineering News-Record, published in the US, in 2011.[24]
ICM Engineering
ICM is a joint venture between ICT Group and Baran Engineering. The company was established primarily to meet the group's needs in the construction of the Tikhvin Freight Car Plant.[25]
Community Involvement
ICT has invested $200 million in the construction of 2,000 apartments in Tikhvin to attract a high qualified work force to its Freight Car Building plant from all over Russia.[26] Three of the group’s partners – Alexander Nesis, Nikolai Dobrinov and Alexei Gudaitis — injected over 1.7 billion rubles into the local budget by registering themselves as residents of Tikhvin. The money went towards projects such as infrastructure, schools and the repair of a local hospital.[26]
References
- ^ a b c "ICT Assets". ICT Group Website. Retrieved 27-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ a b "Russia's ICT Group acquires 28.6% stake in WiMAX operator Aria". Information Policy. 01-09-2011. Retrieved 27-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ a b "ICT Timeline". ICT Group Website. Retrieved 27-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Nomos-Bank wraps up purchase of controlling stake in Bank of Khanty-Mansiysk". allBusiness.com. 21-12-2010. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "New Uralkali owners mull major holding". Interfax. 16-06-2010. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "Bloomberg."Billionaire Nesis's Nomos Bank Seeks $640 Million in IPO"". Bloomberg Website. 05-04-2011. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "Reuters "Russian investor buys into Greece's Piraeus Bank"". Reuters Website. 01-06-2011. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "ICT Group Mission". ICT Group Website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ a b "Metal Bulletin."The unassuming billionaire: MB meets Polymetal founder Alexander Nesis"". Metal Bulletin. 20-07-2011. Retrieved 29-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "The Sunday Telegraph."Billionaire Alexander Nesis reveals why Polymetal is listing in London"". The Sunday Telegraph. 03-07-2011. Retrieved 29-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "NOMOS BANK. About the Bank". NOMOS Bank. Retrieved 29-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Nomos Bank London IPO sees listing record for private Russian bank". RT.com. 19-04-2011. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "NOMOS BANK."Condensed Interim Consolidated Financial Statements (Unaudited) for the Six Months Ended 30 June 2011"" (PDF). NOMOS Bank. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "ICT Khanty-Mansi Bank". ICT Group website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "NOMOS BANK has completed the acquisition of a majority stake in leading siberian bank Khanty-Mansiysk — one of the biggest russian regional banks". NOMOS Bank website. 16-12-2010. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ ""Russian investor buys into Greece's Piraeus Bank"". Reuters website. 01-06-2011. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "Polymetal Company". Polymetyal website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Polymetal JSC (PMTL)". Bloomberg website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ ""Completion of Combination between Uralkali and Silvinit"". Uralkali website. 16-06-2011. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help) - ^ "Tikhvin About". Tikhvin website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Tikhvin Freight Car Building". ICT Group website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Titran-Express Assembly Plant". ICT Group website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "Baran Group". ICT Group website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "The Top 200 International Design Firms". Engineering News Record. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ "ICM". ICT Group Website. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=(help) - ^ a b "Railcar Venture Eyes Market for Freight". Moscow Times. 19-04-2011. Retrieved 30-09-2011.
{{cite web}}: Check date values in:|accessdate=and|date=(help)
