Russian Steel Tycoon Vladimir Lisin Joins Business Elite Opening in Abu Dhabi - Bloomberg
Russian steel tycoon Vladimir Lisin has become the latest high-profile businessman to set up in Abu Dhabi with a series of new offices and special purpose vehicles.
The billionaire chairman of Russia’s biggest steelmaker, Novolipetsk Steel PJSC, helped to register multiple offices in the oil-rich emirate this month and created two SPVs — Serenity II Holdings and Nebula II Holdings — in Abu Dhabi Global Market, according to the business hub’s registry.
The new firms add to four entities he set up in the financial free zone earlier this year. SPVs have become the preferred method for wealthy individuals to set up family offices and private assets in ADGM, although it’s not immediately clear what Lisin’s entities will do. Lisin isn’t sanctioned by the US, United Kingdom or European Union.
A representative for Lisin declined to comment. A representative for ADGM declined to comment on registered entities within its jurisdiction and referred questions to the company.
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