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Troika thrives on connections

Jason Corcoran (July 30th, 2008) Writes:
Financial NewsJason Corcoran in Moscow28 Jul 2008 The Russian investment bank benefits from privatisations Andrei Sharonov, managing director and chairman of the board of directors at independent Russian investment bank Troika Dialog, knows more than most about the links between Russia’s public and private sectors. He served in the Government for a decade, including nine years as Deputy Minister of Economic Development and Trade.Troika’s status as, in observers’ eyes, the Kremlin’s preferred investment bank has been cemented by its leading role in the recent sale of a 25% stake in state-controlled carmaker AvtoVAZ to France’s Renault, its mandates from the break-up of the electricity monopoly UES and its involvement in the privatisation programme of the state-owned rail giant RZD.The deals have propelled Troika to the top of the Russian mergers and acquisitions league table for the first six ...

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