Monthly Archives: July 2011

SIBUR acquires the only acrylic acid producer in Russia and the CIS Acrylate, ATEK Group

SIBUR has bought JSC Acrylate – the only CIS-based producer of acrylic acid and its esters – from ATEK Group. JSC Acrylate’s production site is located in the eastern industrial area of Dzerzhinsk, Nizhny Novgorod Region, and is just 2km … Continue reading

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Enel completely fulfills its investment obligations in Russia in terms of construction of new generation capacity

Enel OGK-5 Tuesday successfully launched the new combined cycle gas turbines (CCGT) unit with installed capacity of 410 MW at Sredneuralskaya GRES near Yekaterinburg in the Urals Region. With the launch of the second new 410 MW CCGT Enel becomes … Continue reading

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PPF Group enters the agriculture industry in Russia through its subsidiary

PPF Group N.V.  announced Wednesday that through its subsidiary, Bavella B.V, it has acquired 100 per cent of Russian agricultural holding company CJSC RAV Agro-Pro, based in Voronezh, Russia. International investment fund, RP Capital, contributed to the transaction as co-investor … Continue reading

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Russia’s second largest lender VTB may acquire up to a 10 percent stake in Home Credit BV

The Vedomosti Business daily Tuesday reported that Russia’s second largest lender VTB may acquire up to a 10 percent stake in Home Credit BV, which owns banks in Belarus, the Czech Republic, Kazakhstan, Russia and Slovakia. According to Vedomosti, a … Continue reading

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Russia’s Republic of Tatarstan and Wermuth Asset Management to set up a 200 million-euro clean technology fund

Reuters Friday reported that Russia’s Republic of Tatarstan and Wermuth Asset Management plan to set up a €200 million clean technology fund that aims to help the heavy oil producing region boost energy efficiency and manage industrial waste. Speaking to … Continue reading

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Dr. Reddy’s buys prescription business of JB Chemicals & Pharmaceuticals in Russia & other CIS markets

Dr. Reddy’s Laboratories announced Friday that it has entered into an agreement with JB Chemicals & Pharmaceuticals to acquire their pharmaceutical prescription portfolio in the Russia and other CIS regions. The agreement involves acquisition of 20 brands, key ones being … Continue reading

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East Capital Explorer to acquire unlisted Russian fashion retailer Melon Fashion Group

East Capital Explorer AB has agreed to acquire Swedfund International AB’s approximately 15 per cent stake in Melon Fashion Group (MFG), the unlisted Russian fashion retailer with over 500 shops in Russia and Ukraine. The investment is for a consideration … Continue reading

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France based Saint-Gobain expands its Insulation Business in Russia and Japan

Saint-Gobain is expanding its operations in Russia and Japan as it seeks to better serve its clients in the regions. Saint-Gobain is pursuing its expansion in Russia with the acquisition of Russia’s Linerock, a company based in Tcheliabinsk. Linerock is … Continue reading

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VTB Capital Acquires 4.35% strategic stake in En+ Group

VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD$500 million. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital. Yuri Soloviev, First Deputy President – Chairman of the Management … Continue reading

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Czech investment firm KKCG Group Purchases an Oil Terminal in Russia

KKCG SE has completed the acquisition of an oil terminal in Russia, thus becoming a 100% owner of the oil terminal near the town Oktyabrsk in the Samara Region, the Russian Federation.  The takeover by KKCG SE has already been … Continue reading

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