Monthly Archives: April 2011

Ericsson to play key role in Russia’s Skolkovo Innovation Center

A strategic agreement has been reached in Russia that will help drive innovation and development in the country’s science and technology sectors. Under the agreement, Ericsson will play a key partner role with the non-profit Skolkovo Foundation in the development … Continue reading

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BP’s Russian oil venture to spend approx. US$1 billion in acquisitions

According to a report carried by Bloomberg Wednesday, TNK-BP, the Russian oil venture owned by BP Plc and a group of billionaires, is planning to spend an estimated US$1 billion in acquisitions. The move comes amidst a running dispute with … Continue reading

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Sweco acquires Russian infrastructure consulting companies OOO IKPT and ZAO NIPI

Sweco has acquired the Russian infrastructure consulting companies OOO IKPT and ZAO NIPI, both leading engineering consultancies in the transport sector. Through the acquisitions, Sweco has significantly advanced its position in Russia and will have a total of 360 consultants … Continue reading

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MTS Group acquires 100% in each of the five companies operating under the Infocentr brand in Kurgan

Mobile TeleSystems OJSC (MTS), the leading telecommunications provider in Russia and the CIS, Tuesday announced that the MTS Group acquired 100 per cent in each of the five companies operating under the Infocentr brand (Infocentr) in Kurgan, the administrative center … Continue reading

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HSBC to wind up its retail banking operations in Russia

Europe’s largest bank, HSBC is to wind up its Russian retail banking operations after just two years, reported Reuters. The move comes in the wake of Barclays plc’s decision to close its Russian retail banking operations as well. According to … Continue reading

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South Korea’s foremost telecoms firm in talks to sell its Russian unit, New Telephone Company

Reuters Friday reported that South Korea’s foremost telecoms firm, KT Corp. is mulling the sell of its Russian subsidiary, New Telephone Company (NTC). KT Corp. is South Korea’s top fixed-line and No.2 mobile company. The plans were revealed Friday by … Continue reading

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CGGVeritas purchases Moscow based Petrodata Consulting LLC

CGGVeritas has purchased Moscow based Petrodata Consulting LLC, provider of static and dynamic reservoir modeling, reserve estimation and risking, and field development services to the international oil and gas industry. The acquisition of Petrodata further strengthens the reservoir services of … Continue reading

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NLMK takes full control of rolling assets in its joint venture with Duferco

Russia’s largest steel producer, NLMK, is to purchase a 50% interest in Steel Invest and Finance (SIF) from Duferco Group. The investment is for an all cash consideration of $600 million, payable in four equal annual installments. SIF becomes a … Continue reading

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Nanostart AG launches nanotechnology fund in Russia

Nanostart AG is to launch a Russian nanotechnology fund to support investments in the subsector. Nanostart is launching the Russian fund in conjunction with Russian company RUSNANO and the Governor of the administrative district of Perm, stated an announcement Wednesday. … Continue reading

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Russia’s planned $10 billion private equity fund will be mostly funded by foreign capital, says official

According to Reuters, Russia’s planned $10 billion private equity fund is to be funded majorly by foreign capital, lured by targeted returns of up to 20 per cent from investing in industries such as technology and pharmaceuticals. Reuters quoted a … Continue reading

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