Challenges
In 1912, was founded, in London, the Russian General Oil Corporation, which was established as an English holding company and gathered some of the most important Russian and foreign banks, united 20 companies. These included A.I. Mantashev & Co., G.M. Lianosov & Sons, Moscow-Caucasus Trade Company, Caspian Partnership, Russian Petroleum Society, Absheron Petroleum Society and others. By 1914, the fixed capital in oil was more than 120 million rubles and the Russian General Oil Corporation, buying a considerable amount of shares in the Berlin Exchange, attempted to take control over Branobel. The move was a failure and by 1916 Emanuel Nobel had bought not only a considerable share in the Russian general Oil Corporation, but also established control over other oil businesses in the region, such as Volga-Baku Company, A.I. Mantashev & Co., the Anglo-Russian Maximov Oil Company in London and G.M. Lianosov and Sons, of which he personally owned a third of the shares.
About 12% of the money left to establish the Nobel Prizes by Alfred Nobel came from his shares in the company; he was its largest individual investor.
Read more about this topic: Branobel
Famous quotes containing the word challenges:
“A powerful idea communicates some of its strength to him who challenges it.”
—Marcel Proust (1871–1922)
“The approval of the public is to be avoided like the plague. It is absolutely essential to keep the public from entering if one wishes to avoid confusion. I must add that the public must be kept panting in expectation at the gate by a system of challenges and provocations.”
—André Breton (1896–1966)