Access Industries

Aktivs

Most of Leonard Blavatnik's fortune for May 2023 relates to assets located in the United States and Europe. His holding group Access Industries owns:

• a majority stake in Warner Music and
• 20% stake in LyondellBasell (one of the largest producers of chemicals),
• by DAZN Group.

Previously, Access Industries assets included the Bogatyr coal mine in Kazakhstan, the British television company Top Up TV, Amedia (the largest Russian manufacturer of television series) and the Israeli company Rochester Gas & Electric, Rusal United Company.

History

1986: Creation of Access Industries

In 1986, Leonard Blavatnik created the investment company Access Industries, becoming its president and chairman of the board of directors.

1994: Unsuccessful investment in Vladimir Tractor Plant

In 1994, Access Industries acquired a controlling stake in the Vladimir Tractor Plant, but was unable to get the plant out of the crisis and sold the asset.

1996: Participation in the creation of SUAL

In 1996, Access Industries participated in the creation of the Siberian-Ural Aluminum Company (SUAL). Blavatnik was a member of the board of directors of the company and owned 47.5 percent of the company's shares, and after its merger with Russian Aluminum, he joined the board of directors of Rusal.

1997: Purchase of a stake in TNK

Since 1997, Access Industries, together with Renova Viktor Vekselberg and Alfa Group Mikhail Fridman, have acquired a 40% stake in the Tyumen Oil Company (TNK) from the state. After the 1998 crisis, AAR's shareholder group (Access/Alfa/Renova) acquired another 50 percent of TNK. Blavatnik was a member of the board of directors of the company and retained this post, formed in 2003 on a parity basis with BP company TNK-BP, and Access Industries became the owner of 12.5 percent of the shares in the new oil company. In 2008, Blavatnik took part in the TNK-BP shareholder conflict, which led to the dismissal of Robert Dudley as director of the company. The press called the purchase of TNK one of Blavatnik's most profitable investments.

2004: Successful deal with a stake in Svyazinvest

In 2004, Access Industries bought 25 percent and one share of Svyazinvest from George Soros for $625 million, and two years later they sold them to Comstar-OTS for $1.3 billion. Soros subsequently admitted that the sale of Svyazinvest shares to Blavatnik was his most unsuccessful career deal.