Basic Element (company)


Basic Element Ltd. is one of the largest diversified industrial groups in Russia founded in 1997 and owned by Oleg Deripaska. It is based in the British tax haven Jersey the HQ is in Moscow. It was known as Siberian Aluminum until 2001.

Overview

Basic Element has been managing Oleg Deripaska’s investments into the following six economic sectors - energy and mining, manufacturing, financial services, construction and real estate, agribusiness and airport and airline management.
Over 150,000 people work at the group's companies in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.
In 2007 the company's revenues were $26.8 bln, growing 45% relative to the previous year. It had $45 bln worth of assets. In 2012 the company's revenues were $27 bln.

Operations

Energy and mining sector

is Russia-based diversified mining, metals and energy group. En+ Group holds:
The Russian Machines corporation was established in 2005 to unite Basic Element's machine building assets.
Russian Machines is a diversified corporation, with industrial and engineering assets in the following sectors:
Russian Machines Corporation manages 26 facilities located across 14 regions of Russia.

Airport management

Basel Aero, a joint venture between Changi Airports International, Basic Element and Sberbank of Russia, is a company-operator of Sochi, Krasnodar and Anapa airports. As of 2015 the company handles 9.5% of total passenger traffic and 3.5% of the total cargo traffic in Russia.

Basel Aero Airports

Basic Element has been managing Oleg Deripaska’s personal stake in the amount of 10% of Ingosstrakh's ordinary shares. The company is a leading insurer of complex risks such as insurance for ship owners, ship hull insurance, insurance against aviation and space-related risks, and insurance of transportation companies. Ingosstrakh has 83 branches in Russia and the company’s offices operate in 220 Russian towns and cities.

Construction sector

Glavstroy Corporation is a vertically integrated construction holding. Management functions are carried out by Glavstroy-Management.

Agribusiness