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Structure

Risk mitigation matters most for CREON as a group of companies with large activities in emerging markets. For this reason, we structure most of our investment activities under the umbrella of the CREON Energy Fund. This Luxembourg-based private equity fund operates as a Sicav-SIF entity, closely monitored by the Grand Duchy’s financial authority CSSF, our depositary bank Intertrust, auditor Ernst & Young and the independent investment advisor Alfa Asset Management (Europe).

With these reliable partners we ensure maximum protection of assets while decreasing the investment risks to a minimum.

The Fund’s partners and auditors:

The Fund’s auditor Ernst & Young (EY) is one of the «big four» global accounting firms. The group is headquartered in London and provides various professional services. www.ey.com

Our depositary bank Intertrust is headquartered in Amsterdam, the majority shareholder is Blackstone group. Intertrust is the second largest trust service provider for Funds in Luxembourg. www.intertrust.com

The European branch of Alfa bank is our independent investment consultant, which questions our investment decisions in terms of risks and reasonability. http://aame.lu/

Luxembourg’s leading law firm is the Fund’s legal advisor. With more than 325 lawyers and other specialists the company operates on a global high-level. www.arendt.com

Currently, most of our investments are being carried out via Sub-Funds: Firmly monitored «Special Purpose Vehicles» (SPV) based in Luxembourg, which hold shares in execution companies and industrial projects outside of the country. Both the SPV and the foreign subsidiary are monitored in Luxembourg and are subject to European laws and EU-based arbitrage mechanisms.

Our subsidiaries

  • CREON Energy

    In almost 20 years on the market, CREON Energy has been established as a leading independent advisory company specialized on the oil and gas downstream industries in Russia and CIS countries.

  • CREON Capital

    The Luxembourg based company manages the CREON Energy Fund (Sicav-SIF) and provides consulting services to other investors from all over the world.

  • CREON Conferences

    Company specializes in international conferences and business forums for oil and gas downstream and related industries, organizing about 40 events annually.

  • CREON Energy Asia

    The Asian subsidiary has been established in Singapore, to provide the full cycle of investment management services in the oil and gas downstream and related industries in Russia/CIS and Asian countries.

  • CREON Project Management

    The company implements investment projects financed by the Creon Energy Fund. Our team of management professionals knows how to upscale production, increase product quality and how to get a project running.

  • CREON Industries

    The SPV in based in Luxembourg and dedicated to run an EPC+F company providing services for oil and gas midstream and downstream industries in cooperation with a strategic partner. CREON Energy Fund is currently the only shareholder, shares up to 49% are supposed to be sold to a minority investor experienced as engineering, procurement and construction companies in these sectors.

  • INVENTRA

    The company specialized on the implementation of the projects on behalf of the Creon Energy Fund and its partners.

  • INVENTRA Industries

    INVENTRA Industries in Luxembourg is a group of established consulting and management companies specialized in the oil & gas downstream industry and based in Moscow.

  • CommunicationZ

    CommunicationZ is a PR agency, offering customized PR and GR solutions for external clients and organizing ratings on environmental responsibility for global oil and gas companies. Our multinational team is capable to intermediate between Eurasia and Europe.

  • CREON Marine

    The Malta-based yacht-charter-company CREON Marine belongs to the Group’s Asian subsidiary.

The CREON Energy Fund is capable of co-financing industrial projects. Currently, we establish several joint venture structures and work with cooperation partners in the parallel.

Joint Ventures and Cooperation Partners:

Intesa

(Italy)

VTB Capital

(Russia)

Sberbank Capital

(Russia)

Bank Avangard

(Russia)

ISS (Integrated Service Solutions)

(Dubai, UAE)

Thost Projektmanagement

(Pforzheim, GER)

PSE Engineering

(Quakenbrueck, GER)

Velesstroy

(Russia)

Russian International Affairs Council (RIAC)

(Moscow, Russia)

WWF Russia

(Russia)

J. Safra Sarasin

(Basel, Switzerland)

Sinara Group

(Yekaterinburg, Russia)

Renaissance Holding

(Ankara, Turkey)

Kazenergy

(Kazakhstan)

Saint-Petersburg International Mercantile Exchange (SPIMEX)

(Saint-Petersburg, Russia)

Far East Investment and Export Agency

(Russia)

Development Corporation of Middle Ural (DCMU)

(Russia)

Association of European Businesses (AEB)

(Russia)

German-Russian Chamber of Commerce

(Russia)

German Eastern Business Association

(Germany)

Belgium-Luxembourg Chamber of Commerce in Russia (BLCC)

(Russia)

AIG

(Russia)

Intesa

Italy

ntesa Sanpaolo is the banking group which was formed by the merger of Banca Intesa and Sanpaolo IMI. The merger brought together two major Italian banks with shared values to increase their opportunities for growth, enhance service for retail customers, significantly support the development of businesses and make an important contribution to the country’s growth. Intesa Sanpaolo is among the top banking groups in the euro zone, with a market capitalization of 35.9 billion Euro. Intesa Sanpaolo is the leader in Italy in all business areas (retail, corporate, and wealth management). The Group offers its services to 11.9 million customers through a network of approximately 4,400 branches well distributed throughout the country with market shares no lower than 12% in most Italian regions. Intesa Sanpaolo has a strategic international presence, with approximately 1,100 branches and 7.5 million customers, including subsidiaries operating in commercial banking in 12 countries in Central Eastern Europe and Middle Eastern and North African areas, and an international network of specialists in support of corporate customers across 25 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Brazil, Russia, India and China.

https://www.group.intesasanpaolo.com/scriptIsir0/si09/eng_index.jsp#/eng_home.jsp

VTB Capital

Russia

VTB Group’s Corporate Investment Business is a leader in the investment banking sector across emerging markets, in Russia, the CIS and CEE. VTB Capital has achieved significant results since it was founded in 2008 and has carved out a reputation of a reliable business partner for clients from around the world. VTB Capital has taken part in more than 820 ECM and DCM deals, which have attracted in excess of USD 290bn worth of investments into Russia and the CIS. VTB Capital operates in London, Hong Kong, Singapore, Zug, Frankfurt am Main, Sofia and Vienna, with headquarters in Moscow.

http://www.vtbcapital.com

Sberbank Capital

Russia

Sberbank Capital was established on July 17, 2008, and is a 100% subsidiary of Sberbank of Russia. The company implements projects in residential and commercial real estate, the fuel and energy industry, coal mining, the automobile industry, and the transportation system in Russia. Sberbank Capital collaborates with a number of the largest Russian enterprises, including by acquiring a participation interest in their share capital.

https://www.sberbank.ru/en/about/sbgroup_companies/sb_capital

Bank Avangard

Russia

As a leading Russian bank for private and corporate customers, Bank Avangard is represented in 75 Russian cities with more than 300 offices. Established in 1994, the bank today counts more than 120000 corporate and more than one million private customers.

https://www.avangard.ru/

ISS (Integrated Service Solutions)

Dubai, UAE

ISS is recognized as a premium supplier of end to end supply chain services. The company has owned and affiliate office representation in more than 100 countries and provides a wide range of logistics solutions.

www.iss-globalforwarding.com

Thost Projektmanagement

Pforzheim, GER

Thost is a leading project management company with more than 400 professionals overseeing complex services and management for demanding projects, processes and organizations. Thost and CREON are partners for projects in Russia/CIS.

https://thost.de/en/

PSE Engineering

Quakenbrueck, GER

PSE Engineering GmbH is a German engineering company with an successful history. Experienced and highly trained specialists assure professional solutions for oil and gas industries worldwide, beginning with planning and studies and including concept and detail engineering of complex projects and general contractor orders.

http://www.pse-eng.de

Velesstroy

Russia

As one of the leading companies in the Russian construction sector, Velesstroy has been involved in large infrastructure projects such as Yamal LNG and the Amur gas processing plant. The services include oil & gas and electric power sector projects, industrial & civil works, EPC contracts & engineering. Velesstroy construction projects are located all over the Russian Federation — the brand is a unequivocal quality sign of the works which are underway and completed projects.

http://www.velesstroy.com/en/

Russian International Affairs Council (RIAC)

Moscow, Russia

The Russian International Affairs Council (RIAC) is a non-profit academic and diplomatic think tank that was established by the resolution of its founders pursuant to presidential decree No. 59rp dated 2 February 2010 «On the Establishment of the Non-profit Partnership «Russian International Affairs Council». RIAC activities are aimed at strengthening peace, friendship and solidarity between peoples, preventing international conflicts and promoting conflict resolution and crisis settlement. RIAC operates as a link between the state, scholarly community, business, and civil society to find foreign policy solutions to complex conflict issues.

http://russiancouncil.ru/en/

WWF Russia

Russia

The world’s leading conservation organization, WWF works in 100 countries and is supported by more than one million members in the United States and close to five million globally. WWF’s unique way of working combines global reach with a foundation in science, involves action at every level from local to global, and ensures the delivery of innovative solutions that meet the needs of both people and nature. Together with WWF Russia, CREON Group conducts an annual rating of oil and gas companies regarding their environmental responsibility. A similar rating is conducted for Kazakhstan.

https://www.worldwildlife.org/

J. Safra Sarasin

Basel, Switzerland

The renown financial institution is headquartered in Basel, Switzerland, but represented in more than 25 countries worldwide. J. Safra Sarasin is part of the family-owned Safra Group, a highly regarded name in global Private Banking with a long and successful history. All the companies in the Safra Group are built on strong financial foundations. Family ownership provides the Group and their clients with stability and a consistent long-term approach.

https://www.jsafrasarasin.com/internet/com/

Sinara Group

Yekaterinburg, Russia

Sinara Group is a diversified company uniting 18 enterprises of various sectoral orientation. The total number of employees is 28.4 thousand people. The central office of the Sinara Group is in Yekaterinburg. Sinara Group was created as an investment company that introduces modern business management technologies, taking into account the uniform principles of production, technological, investment, social and information policies. The company’s activities are aimed at effective investment and increase the value of the business.

www.sinara-group.com

Renaissance Holding

Ankara, Turkey

Renaissance Holding specializes in design and construction of shopping centers, offices, hotels, multifunctional complexes, high-rise buildings, heavy industrial facilities (cement plants, construction machinery and auto plants, chemical and petrochemical plants, fertilizer plants, metallurgical plants, etc.), infrastructure (airports, tunnels, marinas, etc.), energy facilities, pharmaceutical plants, food and beverage processing plants, public buildings, residential buildings, etc.

https://ronesans.com/en/

Kazenergy

Kazakhstan

Kazenergy Association was established on November 2, 2005 with the aim of supporting the development of entrepreneurship in the oil and gas sector. Over more than 10 years of history, the Association has united over 80 major players in the oil-gas and energy complex, including mining and transport, service and geophysical, uranium and other transnational companies. Closely interacting with state bodies, business representatives and public structures, it promotes sustainable development of the oil-gas and energy complexes of the Republic of Kazakhstan.

http://www.kazenergy.com/en/

Saint-Petersburg International Mercantile Exchange (SPIMEX)

Saint-Petersburg, Russia

Today, the Saint-Petersburg International Mercantile Exchange (or SPIMEX) is the largest commodity exchange in Russia. In May 2008, the Joint Stock Company Saint-Petersburg International Mercantile Exchange was registered, and a month later, in June 2008, it received a license from the Federal Service for Financial Markets to launch exchange trading. SPIMEX has played a key role in establishing nationally accepted indicators and developing a commodities futures marketplace, where producers and consumers can effectively hedge against price risks and execute their long-term operational and sales strategies. Shaped at the liquid and transparent exchange, SPIMEX quotes comply with the definition of a fair market price set forth in the tax, antitrust and exchange laws and regulations. CREON Group is a key partner to promote commodity trading in Russia.

http://spimex.com/en/

Far East Investment and Export Agency

Russia

The Autonomous Nonprofit Organization Far East Investment and Export Agency is one of the Far East development institutions. The Agency focuses on attracting new investors in the Far Eastern Federal District and providing assistance in the implementation of investment projects.

https://investvostok.ru/en/

Development Corporation of Middle Ural (DCMU)

Russia

The Development Corporation of Middle Ural (DCMU) is a specialized subsidiary of the Government of Sverdlovsk Region. DCMU provides assistance to business in development of investment projects. The organization helps to understand the region and the regional markets and assists foreign businesses in doing businesses.

http://investural.com/en/

Association of European Businesses (AEB)

Russia

AEB is the main representation of foreign investors doing business in Russia. Established in 1995, the independent non-commercial organization represents and promotes the interests of European companies conducting business in and with the Russian Federation. The AEB carries out activities to improve the Russian business and trade environment and to promote economic integration and partnership between the Russian Federation and the European Union. In 2018, Creon Capital is a member and sponsor of AEB.

www.aebrus.ru

German-Russian Chamber of Commerce

Russia

With more than 800 members the German-Russian Chamber of Commerce is the largest association of foreign businesses in Russia. «AHK» is the most influential advocate of German companies within Russia, helping to solve challenges with bureaucratic structures and promoting improvements of the investment climate. CREON Energy is a member of «AHK» and actively participates in events. The association annually supports the group’s conference «Ecological Responsibility in Russia’s Energy Sector».

www.russland-ahk.ru

German Eastern Business Association

Germany

Since the merger of «Ostausschuss» and «Osteuropaverein» in 2018, the German Eastern Business Association (OAOEV) is one of the most powerful European associations promoting business with Eastern Europe. It comprises around 350 member companies and associations and promotes the German business in 29 countries of Central Europe, Eastern and South-Eastern Europe, the South Caucasus and Central Asia. German trade with the East accounts for about a fifth of Germany’s total foreign trade and is therefore more significant than trade with the USA and China. Creon Capital is a member of OAOEV and actively participates in events. The association has been a partner of the group’s conference «Ecological Responsibility in Russia’s Energy Sector».

https://www.oaoev.de/node/1481

Belgium-Luxembourg Chamber of Commerce in Russia (BLCC)

Russia

BLCC is the unique active Benelux Business Association in Russia. The organizations task is to promote economic and trade relations between the Eurasian Economic Union and the Belgium—Luxembourg Economic Union (BLEU). Renowned companies such as Severstal and ING are members alongside CREON Energy, but also the Creon Energy Fund partners such as legal advisor Arendt & Medernach are represented. As a member CREON Energy actively participates in events and regular business trips.

https://www.blccrus.org/

AIG

Russia

One of the world leaders in the insurance market. Over 90 million clients entrust AIG with protection of their businesses. The Company has been working in the Russian market for more than 23 years now and offers its clients a wide range of services for property insurance, liability and financial risks insurance.

https://www.aig.ru/en/home