Basic Element (company)

Basic Element Group of Companies
Company typeDiversified industrial group
Private company limited by shares
IndustryEnergy, Manufacturing, Financial Services, Construction and Aviation.
Founded1997 (1997)
FounderOleg Deripaska
HeadquartersMoscow, Russia
(Head office)
Jersey
(Registered office)
Key people
Valery Pechenkin
(General Director)
Gulzan Moldazhanova
RevenueUS$27 billion (2012)
OwnerOleg Deripaska
Number of employees
Approximately 150,000 (2014)
Websitewww.basel.ru

Basic Element Ltd. (Russian: Ба́зовый элеме́нт, romanized: Bazovy element, IPA: [ˈbazəvɨj ɨlʲɪˈmʲent], or simply Базэл) is one of the largest diversified industrial groups in Russia. The company was founded in 1997 and is owned by Oleg Deripaska.[1] It is based in the British tax haven of Jersey[2] and is headquartered in Moscow.[3] It was known as Siberian Aluminum until 2001.[4]

  1. ^ "Oleg Deripaska's Basic Element conglomerate now has a former spook as CEO". «Медуза». 15 June 2018. Retrieved 16 June 2018.
  2. ^ US-Finanzministerium 6 April 2018: Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity, retrieved 9 April 2018.
  3. ^ "Basic Element Company". Business Week. Archived from the original on December 10, 2008. Retrieved 2009-07-28.
  4. ^ "History of the Russian Aluminium Industry". Rusal.ru. Archived from the original on 24 May 2017. Retrieved 2 June 2017.

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