Rusnano denies Mitt Romney has stake in contractor, Bain & Company

Russia’s state-owned nanotechnology company Rusnano has denied claims that US presidential candidate Mitt Romney owns a stake in Bain & Company the firm which helped develop the Rusnano project.

The nanotech major stressed that similar sounding names of the companies caused confusion. Rusnano published an official press release in response to the allegations:“There have been media reports that Bain & Company that has won the tender for developing a concept for Rusnano belongs to the former US presidential candidate, Mitt Romney. This information is not true. Mitt Romney does not have a stake in Bain & Co. This misinformation may have been caused by the similarity of the names “Bain & Company” and “Bain Capital,” a company Mitt Romney set up back in 1984. Rusnano is calling upon the media to be more attentive to interpreting facts.”