UPDATE 1-Russia's Basic Element says 2006 revenues up 40.5 pct

Newswire

(Adds details, quotes) By Robin Paxton MOSCOW, June 21 (Reuters) - Russian billionaire Oleg Deripaska's Basic Element investment vehicle boosted revenues 40.5 percent last year on acquisitions and high commodity prices and its CEO said on Thursday more growth is expected in 2007. Chief executive Gulzhan Moldazhanova said the group, whose interests include metals, energy, cars and construction, posted revenues of $18.475 billion in 2006. The total value of its assets rose 61 percent ...

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