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Raven Russia set to fly

Some investors will instinctively avoid a company whose business depends on Russian property rights. Yet Raven Russia' s defenders point out that it makes its profits not by, say, selling Russia's natural resources, but by building warehouses - not a politically sensitive proposition. Chief executive Glyn Hirsch says property rights were a worry when he first looked at the Russian property market in the late 1990s, but adds that Vladimir Putin's reforms have resolved the problems. "There's a huge disparity between perception and reality," he laments.

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By Stephen Wilmot,
01 September 2011

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