Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Abramovich Shells Out £350,000 For Green Firm Stake
26.08.2013 14:46
Abramovich Shells Out £350,000 For Green Firm Stake
Photo Credit:

Roman Abramovich has expanded his footprint in the clean energy industry by purchasing a stake in Clean Air Power, a British firm behind the dual-fuel technology.

      The technology allows vehicles to run on both natural gas and diesel, using the latter as ‘a liquid spark plug’.

      FC Chelsea owner took part in the placing of shares worth £5 million, and acquired 1.5 percent for £350,000, through his Ervington Investments vehicle.

      Clean Air Power announced that it will use part of the cash raised in the issue to ‘support marketing and sales activities in Russian and the US’.

      Russia is seen as an increasingly important market ‘given its expanding natural gas market and growing demand for gas-powered vehicles’, it added.


Author: Mikhail Vesely

Tags: Roman Abramovich     

Next Previous

You might also find interesting:

A Special Group in the UK will Monitor Financial Flows from Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian chocolate market   education  Volgograd Region  Exhibitions in Moscow  Pavel Durov  Russian regions  Russian production  St. Petersburg  Resorts  Flights to the Mars  Sevastopol  Travel  Treasures  Ecology of Moscow  the Crimea  the Perm Region  Moscow  Saveli Sorin  travel to Russia  Folk Arts  Russian Poets  Novorossiysk  Tele2 Russia  Timur Bekmambetov  Russian tourism  Sergey Kalugin  Christianity  Yakutia  Unusual Monuments  Russian banks  Russian art  Russian painting  Easter  Moscow Photographic Salon  Uralsib   Chelyabinsk meteorite  Russian Cinema  Ryazan  Kara Sea  Domodedovo  deer monument  Russian catering industry  Festivals in Moscow  Russian business  Mercedes-Benz Fashion Week Russia  Russian opera singers  Russian women  Alexey Navalny  Russian airports  Russian Metro 

Travel Blogs
Top Traveling Sites