Management Should Maximize Profits, Not Hide Them
Corporate management and the investment climate in Russia
Managing partner of UCP told Forbes about the current dispute with Transneft, corporate governance and investment climate in Russia.
With many years of experience in international financial institutions, financier Ilya Sherbovich established UCP back in 2006 and now is its largest shareholder (77.7%).
It was never precisely known who the owners of Transneft preferred shares are. In May, the rumors circulating in the market for a long time have been confirmed: UCP is a significant minority shareholder of Transneft. Ilya Sherbovich, Managing partner of UCP, said that his company had been buying Transneft shares because of expected growth of the company’s market capitalisation.