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Roman Abramovich bought Russian biggest bearing manufacturer
29.02.2008 16:21
Roman Abramovich bought Russian biggest bearing manufacturer

Millhouse Capital, which manages Roman Abramovichs assets, has purchased 50% of European Bearing Corporation, the biggest bearing manufacturer in Russia.
      It is also reported that the deal hasnt been completed yet.
      European Bearing Corporation accounts for 55% of the Russian bearing market and 30% of the CIS market. Analysts estimate the companys value at least at $600 million.
      Millhouse Capital controls 41.4% of Evraz Group, 44% of Evrotsements shares and other assets.


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