PPF Ingo Veritas

Who‘s who in the conflict

PPF Investments

PPF Investments (PPFI) is an independent, international private equity group. PPFI‘s goals are to achieve superior, risk-adjusted returns for investors by investing in assets and projects with significant growth potential. PPFI invests funds of its investors through PPF Alpha and PPF Beta investment corporations. The PPF Beta corporation indirectly controls a 38,46% stake in Ingosstrakh‘s share capital, which ownership structure includes three Russian Ltd. Companies, the minority shareholders of Ingosstrakh. The investors in PPF Beta are Czech and Italian, represented by Generali, a leading global player in the insurance and financial products market.


Basic Element

Basic Element (Bazel) is Russia"s leading diversified investment company striving to conduct business in Russia and around the world. Basic Element"s main assets are concentrated in five economic sectors - Energy, Manufacturing, Financial Services, Construction and Aviation. Bazel’s structures manage the assets and own significant stakes in tens of companies, such as UC RUSAL, GAZ Group, Transstroy or Ingosstrakh. According to Bazel’s website, its Financial Services sector investments comprise the following companies: Ingosstrakh, Soyuz Bank, Element Leasing, NPF Socium, Ingosstrakh Investments, Medical Clinics „Be Healthy“, NPF Stroycomplex, Ingosstrakh-M. Mr Oleg Deripaska is Chief Executive Officer of Bazel and the shareholder in Ingosstrakh with a 10% direct investment. According to public sources, indirect control of 47.89% of the insurer is undertaken through a structures controlled by Bazel.


Ingosstrakh

Ingosstrakh Insurance Company has operated in the domestic Russian and international markets since 1947. During this period Ingosstrakh grew from a modest department of the USSR Ministry of Finance into a reputable company with a developed regional network. It is currently the largest federal insurance company and one of the leaders of the national insurance market for insurance premium volume, insurance indemnity amount and according to key balance sheet figures. Ingosstrakh provides a full range of insurance services, and thanks to its high financial stability, significant amount of own funds and reliable reinsurance programs, is responsible to its clients for full possible losses.