Roman Abramovich in Israel for business talks - report

Roman Abramovich

"Mako" reports that the Chelsea FC owner held business talks at the Norman Hotel in Tel Aviv this week.

Russian Jewish billionaire and Chelsea FC owner Roman Abramovich has been in Israel for the past week for business talks in Tel Aviv, Israeli website "Mako" reports. After flying into Ben Gurion Airport in his private jet, Abramovich stayed at the Norman boutique hotel in Tel Aviv. While in Israel he had several meetings with unknown business people about potential investments in Israel.

Abramovich's visit to Israel coincided with the announcement that he has led, through his company Millhouse Capital, a $2.25 million investment in Israeli start-up iAngels, a model for investment of small amounts in startups, based on experienced investors.

This is Abramovich's third investment in Israel, all in the past year, following a $10 million investment in Storedot, which develops technology for very high speed charging of smartphones, and a $2 million investment in AcousticEye, which uses sound waves to test pipes.

Abramovich has been a frequent visitor to Israel over the past decade and last Passover he booked the entire 111-room Beresheet hotel in Mitzpe Ramon. But until recently his only financial activities in Israel were philanthropic including support for the City of David archeological excavation in Jerusalem and Sheba Medical Center at Tel Hashomer near Tel Aviv.

Published by Globes [online], Israel business news - www.globes-online.com - on March 26, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Roman Abramovich
Roman Abramovich
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