Access Industries
Founded in 1986 by its Chairman and President Len Blavatnik, Access Industries is a privately held, U.S.-based industrial group with companies worldwide. Access has long-term strategic interests in three sectors: natural resources and chemicals; media and telecoms; and real estate. Representative holdings include:
TNK-BP: In 1997, Access acquired a stake in the Russian oil company TNK and played a crucial role in transforming TNK into one of the world’s most respected oil companies. In 2003, half of TNK was sold to British Petroleum (BP) to form TNK-BP, marking the largest ever foreign investment in a Russian company. Access continues to play an active role in determining the strategic direction of TNK-BP.
UC RUSAL: Formed through an asset merger in 1996, SUAL was widely regarded as one of the best-managed companies in Russia. SUAL merged with RUSAL and the alumina business of Glencore International AG during Q1 2007 to form UC RUSAL, world’s largest vertically integrated aluminum producers.
Basell: In 2005, Access acquired Basell, a former joint venture between Shell and BASF. Basell is the global leader in the technology, production and marketing of polyolefins. Basell’s innovative polyolefin materials and production technologies are used to produce a wide variety of customer applications from packaging and automotive to medical and consumer goods.
Warner Music Group: A global top five music company, Access invested in Warner Music Group in 2004 with Thomas H L Partners, Bain Capital, Providence Equity Partners and Edgar Bronfman, Jr. A partial sale of Warner Music Group was completed through an IPO on the NYSE in May 2005. Access remains a significant stakeholder. Access also owns various European TV and media investments.
Real Estate: Access owns luxury hotel and commercial real estate properties in Europe and Latin America, including the historic Grand-Hotel du Cap Ferrat in the South of France and the luxurious Faena Hotel + Universe in Buenos Aries, Argentina.