first_img Show Comments ▼ KCS-content Chelsea owner’s son buys £3m stake in oil investor Tags: NULL whatsapp Share More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Monday 18 April 2011 8:00 pm whatsapp THE 20-year-old son of Chelsea Football Club owner Roman Abramovich has followed his father into the oil and gas business by purchasing a stake in an investment vehicle specialising in the energy sector.Arkadiy Abramovich, who is the Russian oligarch’s oldest son, has bought a 26 per cent stake in Crosby Asset Management for £3m.The purchase, undertaken through his investment vehicle ARA Capital, caused shares in the AIM-listed investment firm to rocket yesterday.Abramovich bought the stock from Irish energy tycoon John McKeon, the entrepreneurial founding shareholder of Circle Oil, and investment banker Ilyas Khan. The pair still hold significant stakes in the company, which is incorporated in the Cayman Islands.Based in Hong Kong, the vehicle will focus on investments in natural resources in Australia, as well as North and South America. Roman Abramovich built his Russian oil and gas empire during the early 1990s, amassing a fortune estimated at around £7.4bn.Shares in Crosby closed up 48 per cent at 4.72p per share. last_img

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