Baring Vostok’s funds have also invested in companies operating in other interesting sectors of the economy, such as construction materials, residential real estate development, and others. Since 1996, Baring Vostok funds have invested over $300 million in six companies.
Spasskcement

Spasskcement

Association of cement producers in the Far East. Fully exited in 2007
Location:
Vladivostok, Russia
Years:
2001- 2007
Shareholding:
Controlling stake
Exit:
Sale to a strategic partner

The holding company has the leading position as Russia’s leading cement supplier for oil projects in Sakhalin and primary construction projects in Russia’s Far East.

The Funds sold their shares to Park Group from 2004 to 2007.

In the spring of 2000, the First NIS Regional Fund acquired a controlling share (60%) of Spasskcement, which was in a difficult situation due to low demand for cement and ineffective management.

Other projects

News

02 September 2019

Media Statement.

Baring Vostok statement on the court decision to arrest Evison’s remaining shares of Vostochny Bank.
15 August 2019

Media Statement.

Mosgorsud took the only possible reasonable decision today, transferring Philippe Delpal to house arrest. The court also claified some of the restrictions relating to Michael Calvey’s continued house arrest.
06 August 2019

Media Statement.

BVCP statement on the decision by Mosgorsud on 5 August 2019.
10 July 2019

Media Statement.

At today’s hearing in the Basmanniy Court the defense lawyers for Ivan Zyuzin and Vagan Abgaryan announced a motion to disqualify the judge after spotting the ruling for the hearing on the judge’s desk before the hearing had even completed.
09 July 2019

Media Statement.

Today’s decision by the Basmanniy Court to prolong the pre-trial detentions of Maxim Vladimirov and Philippe Delpal was unfounded.

08 July 2019

Media Statement.

Today the Basmanny Court once again prolonged the house arrest of the founder of Baring Vostok Michael Calvey, without any legal basis for the arrest.

14 June 2019

Media Statement.

Baring Vostok funds are very concerned about potential violations with the bank’s formal approach to meeting the Central Bank requirements, and about continuing issues with Vostochny’s asset quality that may require an additional RUB 10-15 billion of provisions be created.
21 May 2019

Media Statement.

BVCP statement on the decision to deny Philippe Delpal’s appeal regarding the form of pre-trial detention.