Monthly Archives: June 2011

IFC in First Major Investment in the Russian District Heating Sector

IFC, a member of the World Bank Group, is making an equity investment in Dalkia Eastern Europe, a new holding company created by leading energy and environmental management firm Dalkia, to help modernize the district heating sector in Russia and … Continue reading

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VTB Bank to acquire additional 30% stake in Russia’s TransCreditBank by December

RIA Novosti Monday reported that Russian state-controlled bank, VTB Bank plans to acquire about 30% stake in Russia’s TransCreditBank from state-owned railroad company Russian Railways by December 31, a source in one of the banks told the Newspaper. The deal … Continue reading

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Rosneft in talks for a 50 percent stake in the refueling complex at Moscow’s Vnukovo airport

According to a Monday report by Vedomosti business daily, Rosneft, the Russian state-controlled oil giant, is in talks for the acquisition of a 50 per cent stake in the refueling complex at Moscow’s Vnukovo airport for $600 million. Vedomosti said … Continue reading

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Japan’s Mazda Motor Corporation to invest $80 million in building new assembly plant in Russia

A report carried by AFP News Friday indicated that Japan’s Mazda Motor Corporation intends to invest $80 million (56 million euros) to build an assembly plant in Russia’s Far East to meet demand for Asian brands in the region, the … Continue reading

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$10 billion direct investment fund Russia to reveal target sectors

The Financial Times (FT) Thursday reported that Russian officials are preparing to reveal the line-up of the country’s $10 billion direct investment fund’s international advisory board soon. According to FT, some of the biggest names in global private equity are … Continue reading

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JSC FGC UES and VTB Capital sign a cooperation agreement

JSC FGC UES and VTB Capital announced they have signed a cooperation agreement. The agreement was signed during the International Economic Forum in Saint Petersburg. The agreement was signed by Oleg Budarin, Chairman of the Management Board of JSC FGC … Continue reading

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Russian energy giant Gazprom to invest a possible $13.09 billion in its Russia operations

Reuters Wednesday reported that Russian energy giant Gazprom may invest 367 billion roubles ($13.09 billion) in its domestic electricity assets by 2016. According to Reuters, the plans were revealed by Denis Fedorov, the head of Gazprom’s power operations during a … Continue reading

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Kazakhstan’s Kazkommertsbank to acquire Russian subsidiary of Barclays

According to the Kommersant business daily, the Kazkommertsbank, Kazakhstan’s largest bank by assets, is close to acquiring the Russian unit of UK-based Barclays. In a report carried Monday, the Kommersant indicated that the price tag of the deal is unlikely … Continue reading

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OJSC Uralkali and OJSC Silvinit and complete merger

OJSC Uralkali and OJSC Silvinit announced they had completed their proposed merger. The Combination created one of the world’s leading potash companies, a leading global fertilizer producer and one of Russia’s leading mineral resource companies. The Combined group owns an … Continue reading

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MegaFon acquires 100% of NetByNet Group

Open Joint Stock Company “MegaFon”, a universal telecom operator, announced it has acquired 100% shares of NetByNet Group. The acquisition of NetByNet will allow MegaFon to enter the market of fixed broadband Internet, digital TV and IP-telephony in Moscow, Belgorod, … Continue reading

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