November 30, 2012
It was reported in Elista FIDE Office December 12, 2012 Kirsan Ilyumzhinov would visit China and discuss with the Gaonen management fund the technical issues and the creation of a new investment fund.
FIDE has informed about the foundation of $ 5 billion investment fund by Kirsan Ilyumzhinov
On Friday in Moscow the
first president of Kalmykia, FIDE President Kirsan Ilyumzhinov has signed a
memorandum on the creation of $ 5 billion investment fund in Russia and the CIS
with the leading partner of Gaonen Chinese Investment Fund Mr Ping.
«The leading partners
will be Gaonen, Kirsan Ilyumzhinov (as a private person) and a number of large
companies, including Russian ones», - Ria News informed quoting the
representative of FIDE office in Elista. The
main aim of the fund will be the implementation and promotion of investment
projects in Russia and the CIS countries.
The representative of
FIDE office stated the Chinese partners were interested in the projects which
promoted exploration of natural resources, agriculture, power engineering.
It was reported in Elista FIDE Office December 12, 2012 Kirsan Ilyumzhinov would visit China and discuss with the Gaonen management fund the technical issues and the creation of a new investment fund.
For you to recall in
summer of the current year Kirsan Ilyumzhinov found the fund of $ 10
billion with Ashmore Group (one of the largest fund in UK) which had assets of
$ 65.9 billion. Partners were interested in the projects of power engineering,
metallurgy, food processing and telecommunications.
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