August 12, 2022

Volex’s Nat Rothschild snaps up 51% stake in Indian producer InYantra Applied sciences for £6.1m

Controversial businessman Nat Rothschild has refused to let geopolitical chaos put him off his deal-making.

The multi-millionaire introduced that Goal-listed energy product producer Volex, of which he’s govt chairman and the biggest shareholder, has snapped up a 51 per cent stake in Indian producer InYantra Applied sciences for £6.1million.

Rothschild, a former adviser to US-sanctioned oligarch Oleg Deripaska, noticed his wealth balloon within the pandemic as Volex’s shares soared.

Divisive: Multi-millionaire businessman Nat Rothschild (pictured) noticed his wealth balloon within the pandemic as Volex’s shares soared

Rothschild, 50, owns a 24.5 per cent stake in Volex, which is price £95million after greater than doubling since Covid hit.

Rothschild has reduce a divisive determine within the Metropolis. In 2008, Lord Mandelson – then EU commerce commissioner – was revealed to have partied on the superyacht of Russian industrialist Deripaska.

It emerged that he was staying as Rothschild’s visitor, however the entire affair opened Mandelson as much as accusations of conflicted pursuits since he was then answerable for EU metals tariffs. 

Rothschild additionally flew Mandelson to Russia as Deripaska’s visitor in 2005.

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