Syktyvkar LPK
One of Russia’s largest producers of pulp and paper products. The company is today a part of the Mondi group, a department of Mondi Business Paper. Exited in 2002
Projects
Russia and the region are endowed with one of the world’s most diverse and rich reserves of natural resources. Baring Vostok funds have actively invested in energy and forestry companies starting from the early privatisation projects of the 1990s, and later with the establishment of Burren Energy, an international oil company with assets in the Caspian region, in Africa, India and the Middle East. Since 1994, The funds have invested in a total of 18 projects related to natural resources, with total investments approximately $450 million .
- Location:
- Syktyvkar, Russia
- Years:
- 1995-2002
- Shareholding:
- Minority
Control in consortium - Exit:
- Sale to a strategic investor
In spring 2002, Syktyvkar Wood Processing Plant was sold to Mondi Europe, allowing the company to become the largest producer of office paper in Europe.
Syktyvkar Wood Processing Plant is one of the largest plants in the paper and pulp industry in Russia. The First NIS Regional Fund purchased shares soon after the company’s privatisation.
Other projects
-
Tsar Petrol
Oil company exploring and producing hydrocarbons at the Tsarichanskoye field in the Orenburg Region. Now a part of Gazpromneft. Exited in 2011 -
Tigers Realm Coal
-
Проект завершенBurren Energy
Oil company with primary production in Turkmenistan and Congo. Currently a part of ENI Group. Fully exited in 2008 -
Nostrum Oil & Gas
Oil and gas company developing the Chinarevskoye field in Kazakhstan -
Novomet
One of the leading manufacturers of electric submersible pumps (ESPs) and related products for the oil and gas industry -
Volga Gas
Independent oil and gas company carrying out exploration and production in the Volga Region -
Caspian Gas Corporation
Gas company which developed the Shagyrly-Shomyshty field in Kazakhstan. Exited in 2006