Ukrainian Industrial Elite Boguslayev Behind Italian Island Purchase - Reports
Faizan Hashmi Published August 03, 2020 | 05:30 PM
ROME (UrduPoint News / Sputnik - 03rd August, 2020) The Italian island of Gallinara, located in the Ligurian Sea not far from southern France, was acquired in July by Alexander Boguslayev, the son of the prominent Ukrainian industrialist and politician, Vyacheslav Boguslayev, local media reported on Monday.
According to the Milan newspaper, Corriere della Sera, the deal � worth more than 10 million Euros ($11.7 million) � was struck on July 17 between a group of wealthy local families that have owned Gallinara since the 1970s and the Monte Carlo-registered company, Galinette.
The publication claims that the person behind Galinette, whose personal data completely coincides with the data of 42-year-old Alexander Boguslayev, lives in the Principality of Monaco, but has the citizenship of the island state of Grenada.
Boguslayev has been running Motor Sich for many years, one of the world's largest aircraft gas turbine engine enterprises.
He is among Ukraine's richest people.
In the municipality of the Ligurian city of Albenga, to which Gallinara belongs in administrative terms, told Sputnik that they have no information regarding the sale of the island since it is private property.
Gallinara Island, resembling a turtle from afar, is a unique natural site and has a rich history. The island is 470 meters (0.3 miles) long and 450 meters wide, and is about 11 hectares. Its maximum height is 87 meters above sea level. Gallinara is located just one and a half kilometers from the coast of the Italian region of Liguria. Since 1989, the island has had the status of a regional natural park, and tourists are not allowed to step ashore.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
More Stories From World
-
Star Dudamel brings inclusive vision to New York Philharmonic
21 minutes ago -
Paris dream of swimming in the Seine finally within reach
50 minutes ago -
Portugal's Carnation Revolution, 50 years on
51 minutes ago -
Tough times for Argentine factories as consumers penny-pinch
1 hour ago -
Use of alcohol and e-cigarettes among youth 'alarming': WHO
1 hour ago -
Football: Italian Cup result
1 hour ago
-
Bird flu in humans? Experts see little risk
1 hour ago -
Car giants vie for EV crown at Beijing's Auto China show
1 hour ago -
Meta profits soar but costs of AI cause worry
1 hour ago -
Tennis: ATP/WTA Madrid Open results - collated
2 hours ago -
Football: French Ligue 1 results - collated
2 hours ago -
Meta sees profits soar in first quarter
2 hours ago