YEREVAN, January 31. /ARКА/. Russian President Vladimir Putin has authorised the purchase of Goldman Sachs’ unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.
Baltschug Capital is an investment company created in 2010 by David Amaryan, who is the CEO and oversees all investment activities. Headquartered in Yerevan, it manages assets worth over $2 billion.
David Amaryan previously worked for five years at the Troika Dialog investment company founded by Ruben Vardanyan, Forbes magazine wrote earlier.
According to SPARK, the company provides consulting services on commercial activities and management, capital investments in authorized capital and venture capital investment. “Baltschug specializes in long-term and short-term strategies based on events and value, as well as investments in private capital,” the company’s website notes.
In June 2024, New Solutions (controlled by the Balchug Capital fund) acquired 100% in the leasing company Caterpillar Financial, as well as in the special equipment plant Caterpillar Tosno in the Leningrad Region.
Previously, these assets were owned by the transnational corporation Caterpillar (headquartered in Irving, Texas, USA), which in early March 2022 announced the suspension of its operations in Russia.
The assets of Goldman Sachs Bank amount to 5.4 billion rubles, capital – 3.5 billion rubles, and the profit for 2024 amounted to 551 million rubles.-0-
