ForeignFinancialHoldingcompany "shall mean a companyestablished under foreign lawwhichhas a ControllingInterest inaBank, InsurancecompanyorSecurities House."
The purchase, which raises Yukos's holding in the company to a controlling 54%, strengthens its position in Russia as second only to Lukoil as an oil producer.
Elumelu is now chairman of Heirs Holdings, a holdingcompany that gobbles up controlling stakes in African companies engaged in key sectors of the economy.
Take, for example, Compass Diversified Holdings, a holdingcompany that owns a controlling stake in a number of businesses, including CamelBak, American Furniture, and Liberty Safe and Security Products.