Over more than 20 years, Legatum and its predecessor, Sovereign, has been an active investor in multiple industry sectors.
Telecommunications
The story of Telebras, Brazil''s national telephone monopoly, which had a 40% weighting in the Brazilian stock market index, encapsulated that of the nation ...read more
Electric Utilities
From 1994 to 1998, Sovereign focused primarily on the Russian electricity sector. There had been a long term shortage of investment and infrastructure had become antiquated ...read more
Steel
Early in 1994, Sovereign accumulated a strategic shareholding of 15% in Novolipetsk Metallurgical Kombinat (''NLMK'') - a holding which increased to 25% with subsequent purchases ...read more
Oil & Gas
Between 1994 and 1997, Sovereign acquired a 3% shareholding in Surgutneftgas, at the time the third largest oil company in Russia and the tenth largest in the world ...read more
Banking
In 2002, the Japanese banking system was facing nationalisation due to non-performing loans undermining bank balance sheets ...read more
Oil Refining
In 2003 Sovereign became the largest shareholder in SK Corporation by acquiring 14.9% of the company ...read more