Overview
Aurora Russia makes equity or equity related investments in small and mid-sized private Russian companies focused on the financial, business and consumer services sectors. For some years it has been focused on exiting its investments and returning the proceeds to shareholders.
The company is now out of business.
News
-
24 Dec 2015 1 min read
Aurora Russia sells Unistream, will wind up
Aurora Russia is selling its last investment, a minority interest in Unistream Commercial Bank. They expect to get total proceeds of $4.975m in cash and believe the sale process will be completed by no later than 31 December 2015. Following the disposal of Unistream, the Board intends to consider proposals to hand back the cash proceeds in a cost […]
-
22 Jul 2015 1 min read
Aurora Russia NAV falls as it explores Unistream disposal
Aurora Russia has published results covering the year to the end of March 2015. The net asset value fell from 27.9p to 17.5p over the period. A large chunk of the decline relates to the fall in the Rouble Sterling exchange rate and a fall in the value of the company’s stake in Unistream from £8m […]
-
16 Jul 2015 1 min read
Small company investment trusts got election boost
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
-
30 Jan 2015 1 min read
Aurora Russia sells Superstroy stake
Aurora Russia has announced the sale of its 24.3% stake in Superstroy for £680,000. This is quite a bit more than its valuation in Aurora Russia’s last accounts when it was valued at £280,000 but this is a company that Aurora Russia invested £16.6m into and it is supposed to be one of the leading […]
-
03 Mar 2014 1 min read
Aurora Russia : AURR – disposal
Aurora Russia has sold its interest in OJSC Flexbank for RUR189.1m (£3.2m) gross = RUR172.2m (£2.9m) after expenses. At the same time mortgages held by Flexbank with a nominal value of £2.4m have been transferred to another Aurora Russia subsidiary, Kreditmart Finance Limited and these will be sold in due course (possibly at a discount […]
-
12 Dec 2013 1 min read
Aurora Russia : AURR
Results for the six months ended 30 September 2013. NAV falls to 40.7p from 55.3p in part because of an 11% adverse shift in the sterling / rouble exchange rate but also because the valuations of AURR’s remaining investments has been reduced. AURR’s valuation of Unistream fell to £10.7m from £12m – growth has been lower […]