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Home > News > Norilsk Nickel ex-chief sets up investment fund with own assets -1

May 31st, 2007

Norilsk Nickel ex-chief sets up investment fund with own assets -1

Mikhail Prokhorov, a Russian billionaire and former director general of metals giant Norilsk Nickel, announced Thursday the launch of a $17 billion private investment fund.

The new fund, Onexim Group, set up using Prokhorov's stake in Norilsk Nickel (22%), holding company Interros (50%) and gold producer Polyus Zoloto (22%), will focus on innovation projects in traditional and hydrogen-based energy, nanotechnology and the mining and metals industries.


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