Vekselberg's IES Is Biggest Russian Private Company by Sales, Forbes Says

Billionaire Viktor Vekselberg ZAO Integrated Energy Systems is Russia’s biggest private company by revenue, which reached 264 billion rubles （$8.6 billion） last year, according to Forbes magazine’s local edition.

IES replaced United Co. Rusal on the annual list, after the aluminum company held an initial public offering in Hong Kong in January, the magazine said.