Monthly Archives: May 2011

France and Russia to collaborate in an investment program to build ski resorts for 2014 Winter Olympics in Sochi

According to Bloomberg, France and Russia are to embark on an investment program that will see the two countries jointly build ski resorts in the North Caucasus for the 2014 Winter Olympics in Sochi. Under the plans, Caisse des Depots … Continue reading

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Travelmenu raises $1.6 million in growth capital from Almaz Capital Partners

Travelmenu announced that it has raised $1.6 million in growth capital from Almaz Capital Partners, general partner of the Almaz Capital Russia Fund I (also known as the Almaz Capital/Cisco Russia Fund I) and Runa Capital, two leading venture capital … Continue reading

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JSC “Polymetal” acquires 100% interest in hard-rock gold exploration and mining license for Elmus property

JSC “Polymetal” announced that it has acquired a 100% interest in a company holding the hard-rock gold exploration and mining license for Elmus property. The total enterprise value of the Transaction (comprising consideration payable in cash for the 100% interest … Continue reading

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RusForest AB picks up minority stakes in subsidiaries through issue in kind

RusForest AB has acquired the outstanding minority stakes in its Ust Ilimsk based subsidiaries LLC RusForest Ust Ilimsk and LLC PIK-2005. The acquisitions were carried out by way of an issue in kind of a total of 847,645 RusForest shares … Continue reading

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China Investment Corporation keen on direct investments in Russia

According to the Xinhua News Agency, China Investment Corporation (CIC) is keen on direct investment in Russia. China Investment Corporation is a Chinese sovereign fund. The $300 billion sovereign wealth fund’s chairman and chief executive Lou Jiwei, told Xinhua that … Continue reading

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Johnson & Johnson acquires several over-the-counter medicines sold in Russia

According to Reuters, Johnson & Johnson (J&J) agreed to buy several over-the-counter medicines sold in Russia from J B Chemicals and Pharmaceuticals Ltd for about $260 million as it expands into emerging markets. The brands included in the acquisition are … Continue reading

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ESAB completes acquisition of Russian electrode manufacturer, Sychevsky

ESAB, one of the world’s leading manufacturers of welding and cutting equipment and welding consumables, has completed the acquisition of Sychevsky, a Russian electrode manufacturer. Sychevsky manufactures welding electrodes for electric arc welding including electrodes for the nuclear industry and … Continue reading

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BP’s plan to gain a foothold in Russia’s offshore Arctic oilfields via JV with Rosneft collapses

Reuters Friday reported that BP’s plan to gain a foothold in Russia’s offshore Arctic oilfields through a deal with Russia’s state-controlled Rosneft collapsed, after a deadline for the tie up passed Monday. The move now opens the way for other … Continue reading

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OJSC Pobeda LSR signs agreement with Germany firm to produce and supply equipment for new Plant

OJSC Pobeda LSR, a subsidiary of LSR Group, signed contracts with Germany’s Händle and Lingl to produce and supply equipment for the new brick plant which is currently under construction in the Leningrad region. The annual production capacity of the … Continue reading

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PetroKamchatka PLC in trading halt pending investment announcement

PetroKamchatka Plc, an international junior oil exploration company incorporated in the Bailiwick of Jersey, announced that it has halted the trading of its stock pending an investment announcement. PetroKamchatka Plc has signed a non-binding agreement with Mr. Sergey Dokuchaev and … Continue reading

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