November 24, 2017

Biggest Forest Owner In Romania – US Harvard University

The Phemus Corporation is an investment fund which is registered at the same address as Harvard Management Company. The corporation is an entity part of the prestigious US University Harvard that manages 27bn dollars’ worth of assets and is the majority shareholder in the biggest forest owner in Romania, Scolopax SRL of Focşani. According to the data from the Environment Ministry sent at Ziarul Financiar’s request, as of April 1st, 2010, Scolopax leads in the ranking of the largest forest owners in Romania besides the state that manages through Romsilva. Sven Rutgersson, the CEO of Scolopax, confirmed that a Harvard University fund is behind Phemus Corporation. He did not specify the fund’s name.

Source of the news: Ziarul Financiar (Read More)

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