netrashetty
Netra Shetty
Access Industries is a privately held, U.S.-based industrial group founded in 1986 by its chairman, Len Blavatnik. Access’s industrial focus spans three sectors: natural resource and chemicals; media and telecommunications; and real estate.
In 2005, Access acquired Basell Polyolefins, a former joint venture between Royal Dutch Shell and BASF. Basell, headquartered in Hoofddorp, The Netherlands, was the global leader in the technology, production and marketing of polyolefins. Basell’s polyolefin materials and production technologies were used to produce a wide variety of customer applications from packaging and automotive to medical and consumer goods.
Leadership of Leadership of Len Leadership of Len Blavatnik Leadership of Len Blavatnik (Russian: Леонид Валентинович Блаватник, Leonid Valentinovich Blavatnik) (born 14 June 1957) is a Russian-American industrialist, currently living in New York and London. Born into a Jewish family, [1] he attended the Moscow Transportation Engineering Institute. He emigrated with his family from Russia to the U.S. in 1978, and received a masters in computer science from Columbia University and an MBA degree from Harvard Business School in 1989. In the West, he is known as Leadership of Len Leadership of Len Blavatnik Blavatnik. In 1986 he founded Access Industries, a New York-based international industrial group, of which he is Chairman and President. Access has long-term strategic holdings in Europe, North and South America. Initially, he moved into Russian investments, just after the fall of communism. With a friend from the Moscow Transportation Engineering Institute, Viktor Vekselberg, he formed the Renova investment vehicle, and the two joined with Mikhail Fridman's Alfa Group to form the AAR venture. To date, Access has diversified its portfolio to include investments in industries such as oil, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate. AAR gained a controlling stake in Russian oil company TNK through privatisation auctions, then in 2003 sold 50% stake to British Petroleum to form TNK-BP, one of Russia's largest oil companies, for which he serves on the board of directors. Leadership of Len Blavatnik also has interests in UC RUSAL, the world's largest aluminum producer, where he sits on the board, and Warner Music Group. Mr Leadership of Len Blavatnik is also a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University, a member of the board of Dean’s Advisors at the Harvard Business School and a member of the academic board at Tel Aviv University. He serves on the Board of Directors of the Eurasia Group in New York, and is Vice Chairman of the Kennan Council at the Woodrow Wilson Center in Washington, D.C. Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion in August 2005. On 20 December 2007, Basell completed its acquisition of the Lyondell Chemical Company, paying $48 per share in cash to the latter's shareholders. Including the assumption of Lyondell debt, the deal has an enterprise value of approximately $19 billion. The resulting company, LyondellBasell Industries is the world's third largest chemical company based on net sales. On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.[2] Its lenders face losses of 90 cents on the dollar, according to press reports. The company's largest creditor, ABN Amro,[3] purchased in 2007, by Royal Bank of Scotland was owed $3.47 billion. Other debt holders include Citigroup, UBS, and Merrill Lynch. As of January 12, 2009, the debt was priced at $0.44 to the dollar. RBS, which announced losses likely to be the highest in UK history in January 2009, came in for particular criticism as a result.[4][5].
In 2005, Access acquired Basell Polyolefins, a former joint venture between Royal Dutch Shell and BASF. Basell, headquartered in Hoofddorp, The Netherlands, was the global leader in the technology, production and marketing of polyolefins. Basell’s polyolefin materials and production technologies were used to produce a wide variety of customer applications from packaging and automotive to medical and consumer goods.
Leadership of Leadership of Len Leadership of Len Blavatnik Leadership of Len Blavatnik (Russian: Леонид Валентинович Блаватник, Leonid Valentinovich Blavatnik) (born 14 June 1957) is a Russian-American industrialist, currently living in New York and London. Born into a Jewish family, [1] he attended the Moscow Transportation Engineering Institute. He emigrated with his family from Russia to the U.S. in 1978, and received a masters in computer science from Columbia University and an MBA degree from Harvard Business School in 1989. In the West, he is known as Leadership of Len Leadership of Len Blavatnik Blavatnik. In 1986 he founded Access Industries, a New York-based international industrial group, of which he is Chairman and President. Access has long-term strategic holdings in Europe, North and South America. Initially, he moved into Russian investments, just after the fall of communism. With a friend from the Moscow Transportation Engineering Institute, Viktor Vekselberg, he formed the Renova investment vehicle, and the two joined with Mikhail Fridman's Alfa Group to form the AAR venture. To date, Access has diversified its portfolio to include investments in industries such as oil, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate. AAR gained a controlling stake in Russian oil company TNK through privatisation auctions, then in 2003 sold 50% stake to British Petroleum to form TNK-BP, one of Russia's largest oil companies, for which he serves on the board of directors. Leadership of Len Blavatnik also has interests in UC RUSAL, the world's largest aluminum producer, where he sits on the board, and Warner Music Group. Mr Leadership of Len Blavatnik is also a member of the Global Advisory Board of the Centre for International Business and Management at Cambridge University, a member of the board of Dean’s Advisors at the Harvard Business School and a member of the academic board at Tel Aviv University. He serves on the Board of Directors of the Eurasia Group in New York, and is Vice Chairman of the Kennan Council at the Woodrow Wilson Center in Washington, D.C. Access Industries bought petrochemicals and plastics manufacturer Basell Polyolefins from Royal Dutch Shell and BASF for $5.7 billion in August 2005. On 20 December 2007, Basell completed its acquisition of the Lyondell Chemical Company, paying $48 per share in cash to the latter's shareholders. Including the assumption of Lyondell debt, the deal has an enterprise value of approximately $19 billion. The resulting company, LyondellBasell Industries is the world's third largest chemical company based on net sales. On January 6, 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.[2] Its lenders face losses of 90 cents on the dollar, according to press reports. The company's largest creditor, ABN Amro,[3] purchased in 2007, by Royal Bank of Scotland was owed $3.47 billion. Other debt holders include Citigroup, UBS, and Merrill Lynch. As of January 12, 2009, the debt was priced at $0.44 to the dollar. RBS, which announced losses likely to be the highest in UK history in January 2009, came in for particular criticism as a result.[4][5].