It's amazing what a touch of Russian cash can do for your share price.
Shares in Crosby Asset Management rose 65% this morning after the news over the weekend that Arkadiy Abramovich, son of Chelsea owner Roman Abramovich, was taking a 26% stake through his investment vehicle ARA Capital Limited. The shares are up 2.05p to 5.28p.
Crosby is a shell company looking to buy up oil and gas assets. With Arkadiy on board, Crosby might now have the inside track on some interesting Russian opportunities.
