Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Rönesans (Ronesans Holding) is a world-leading project development and construction group, building for a better society.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1070
Assets(RF), mln.USD
1742
Glob.Revenue, mln.USD
3630
Staff(RF), 2021
1176
Taxes(RF), mln.USD
25
The Company Statement
October 27, 2023

Turkish construction holding, as a business started in Russia in 1993. Founder Erman Ylicak, after finishing working for the Russian-Turkish construction company Enka, founded his own company. Among the projects of the Turkish holding are the Evolution and Neva Towers in Moscow City, Dream Island and Lakhta Center in St. Petersburg. The Turkish investment company Rönesans Holding announced the winding down of operations in Russia. It was one of the top 10 largest construction contractors in the oil and gas sector. Rönesans ceased its operations in Russia and is now focusing on an ambitious growth strategy worldwide. Despite promises to wind down - increased revenue in 2023 vs 2022. Turkish construction company Rönesans Holding sold its Russian business in 2023. 27.10.2023: BALTIKSTROYALYANS LLC becomes the new founder of the organization. The entry about the founders of ENERGY DESTEK INSHAAT VE TIJARET JSC and ENERGY TAAKHHUT INSHAAT VE TIJARET JSC has been removed from the Unified State Register of Legal Entities.

September 03, 202450 Largest Foreign Companies in Russia — 2024. Forbes Rating | Forbes.ru
September 03, 2024Carmaker Chery Becomes Largest Foreign Company in Russia | Forbes.ru
February 03, 2024Turkish Rönesans Holding has ceased its operations in the Russian Federation
February 02, 2024Rönesans Holding Looks Ahead to 2024 with Robust Growth and Strategic Expansion Plans - Rönesans
February 02, 2024Turkish construction holding Ronesans announced its withdrawal from Russia
February 02, 2024Turkish construction contractor Ronesans announced its withdrawal from Russia
February 02, 2024Turkish construction contractor Ronesans is winding down its activities in Russia
February 02, 2024Turkish construction contractor Ronesans leaves Russia
October 01, 202350 largest foreign companies in Russia - 2023. Forbes rating | Forbes.ru
October 01, 2023Renaissance Heavy Industries, Renaissance Construction / Rönesans Holding | Forbes.ru
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner