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Latest Leonard Blavatnik Stories

2012-12-12 08:22:55

MOSCOW, Dec. 12, 2012 /PRNewswire/ -- Rosneft and the consortium of Alfa Group, Access Industries and Renova (AAR) today signed a sale and purchase agreement for the 50% stake in TNK-BP. The transaction price is set on the basis of the valuation of AAR's TNK-BP stake at $28 billion. Completion of the deal is expected in the first half of 2013 after receiving approvals from Russian and EU antimonopoly regulators. Commenting on this agreement, Rosneft President Igor Sechin said: "We consider...

2012-11-13 12:31:49

NEW YORK, Nov. 13, 2012 /PRNewswire/ -- Last evening, the New York Academy of Sciences brought together more than 400 global leaders in science, education, government, industry, and academia, as well as a host of special guests--including middle school students, science teachers, and graduate student mentors--at its Science & the City 9th Annual Gala. The theme of the Gala, which took place at Cipriani 42nd Street in New York City, was "Strengthening the STEM Pipeline: Mentoring the...

2012-10-22 11:22:34

MOSCOW, Oct. 22, 2012 /PRNewswire/ -- AAR announces that it has signed Heads of Terms (Memorandum of Understanding) to sell its 50% interest in TNK-BP Ltd. to Rosneft for an aggregate price of US$28 billion in cash. BP has provided a waiver of its right to hold good faith negotiations with AAR over a 90-day period as stipulated by the TNK-BP Shareholder Agreement. The transaction is subject to finalization of a share purchase agreement and other customary closing conditions. Chief...

2012-07-05 06:21:05

NEW YORK and TEL AVIV, Israel, July 5, 2012 /PRNewswire/ -- IDB Development Corp Ltd. (TASE: IDBD) today announced that it has completed the previously announced agreement to sell 49.9% of its 60.5% stake in Clal Industries and Investments Ltd. (CII) (TASE:CII) to Access Industries, a privately held industrial group, for 1.27bn NIS. The transaction values 100% of CII at 2.55bn NIS, and was completed after all customary closing conditions, including regulatory approvals and...

2012-05-21 10:24:32

NEW YORK, May 21, 2012 /PRNewswire/ -- The New York Academy of Sciences' Blavatnik Awards for Young Scientists competition has named nine winners and two finalists in its 2012 competition. These eleven exceptional scientists hail from research institutions in New York, New Jersey, and Connecticut. The Blavatnik Awards celebrate highly innovative, impactful, and interdisciplinary accomplishments of researchers under the age of 42 in the life sciences, physical sciences, mathematics, and...

2011-12-19 09:00:00

NEW YORK and CAMBRIDGE, Mass., Dec. 19, 2011 /PRNewswire/ -- Access Industries announced today the establishment of Access BridgeGap Ventures, a new life sciences venture investment initiative to fund early-stage companies in the therapeutics space. Leveraging its team's experience in startup creation, technology commercialization and venture investing, Access BridgeGap will fund early-stage startups and also create de-novo spinoffs around potential high-impact technologies, many...

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2011-05-07 05:54:15

A bidding war for Warner Music Group has Russian-born American billionaire Len Blavatnik's company Access Industries as the winner in a $1.3 billion all-cash transaction for the company. The sale of the music company comes at a challenging time for music industry with CD sales on the decline and digital piracy running amuck. Even with these trying times, the deal has Warner Music valued at $3 billion, which includes the company's debt as well as cash "“ this is higher than the $2.6...

2010-11-16 07:30:00

NEW YORK, Nov. 16, 2010 /PRNewswire/ -- During its Seventh Annual Science & the City Gala last night, the New York Academy of Sciences named the awardees of the 2010 Blavatnik Awards for Young Scientists, announced the establishment of The Sackler Institute for Nutrition Science, and unveiled a $10,000 Scientists Without Borders challenge to solve a critical maternal nutrition problem in the developing world. In attendance were 400 global leaders from the fields of science,...

2010-02-01 00:30:00

CHESTERFIELD, Mo., Feb. 1 /PRNewswire/ -- Boomerang Tube, LLC today announced that the company has finalized funding to build a new manufacturing facility in Liberty, Texas to produce welded OCTG (oil country tubular goods) and Line Pipe for oil and gas customers in the United States and Canada. Construction of the new facility will be financed by Access Industries, a New York-based industrial group. Access has committed $200 million for the project. The facility will commence operations...

2009-05-14 07:31:00

HOUSTON, May 14 /PRNewswire/ -- LyondellBasell Industries today announced that its Supervisory Board has named James L. (Jim) Gallogly chief executive officer, effective immediately. Gallogly will succeed Volker Trautz who has announced his retirement from the company. The terms of the appointment are subject to the approval of the U.S. bankruptcy court overseeing LyondellBasell's reorganization plan. "Jim is a highly respected executive in the polymers, chemicals and fuels industries and...