Monthly Archives: October 2011

NMDC Likely To Bid For 100 Per Cent Stake In Russia’s Vincy Coal

The Times of India Sunday reported NMDC may put up a bid for Russia’s Vincy Coal in a matter of days. NMDC is keen to acquire 2-3 properties overseas by year-end. The Russian move is likely to be for 100 … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , , , , | Comments Off

AMIC To Acquire Russian Specialist Producer and Seller Of Stable Isotopes

Advanced Medical Isotope Corporation (AMIC), a company engaged in the production and distribution of medical isotopes, has engaged Global TechInnovations (GTI) for assistance in acquiring a Russian company that specializes in the production and sales of stable isotopes and critically … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , , , , | Comments Off

Russian Railways To Construct Russia’s First Hybrid Locomotive Sinarahybrid

Russia Railways announced it had agreed terms for construction of the country’s first hybrid locomotive. Valentin Gapanovich, Senior Vice-President of Russian Railways, agreed the technical terms of reference during the development stage of the TEM9H SinaraHybrid, a shunting locomotive with … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , | Comments Off

Barclays Plc Sells Its Russian Retail and Commercial Banking Operations

Barclays Bank PLC announced Wednesday the sale of its Russian retail and commercial banking operations, Barclays Bank LLC, to investors including Igor Kim, one of Russia’s leading bankers. The transaction follows Barclays announcement on 15 February 2011 of its intention … Continue reading

Posted in Banking Sector Russia, FDI news Russia, General | Tagged , , , , , , , , , | Comments Off

Mobile Telesystems Acquires Tatarstan’s Leading Provider of Cable TV and Fixed Broadband Services

Mobile TeleSystems OJSC (MBT), the leading telecommunications provider in Russia and the CIS, announced it has acquired 100% stake in OJSC “Teleradiokompania”TVT” (TVT) from a group of investors. TVT is a leading provider of cable TV and fixed broadband services … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , , , , , | Comments Off

Siemens AG and partners to invest €1 billion in Russia

Siemens AG intends – together with its partners – plan to invest €1 billion in Russia over the next three years. The investment was announced in Moscow by Peter Löscher, President and CEO of Siemens AG at the annual meeting … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , , | Comments Off

Nanostart AG Acquires Licensed Asset Management Company in Russia

Germany’s Frankfurt-based nanotechnology investment company Nanostart AG announced Friday it acquired a Russian licensed asset management company. The acquired firm will trade as Nanostart Russia Asset Management Ltd in future. The purchase is for a price consideration of €2.4 million, … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , , , | Comments Off

LUKOIL and GAZ Group Sign Cooperation Agreement

OAO LUKOIL and GAZ Group signed a co-operation agreement in Nizhny Novgorod that will see the companies jointly work on a number of issues. Under the document, GAZ Group will purchase fuels, lubricants and petrochemicals manufactured by the LUKOIL Group … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , | Comments Off

Nestlé expands its soluble coffee factory in Timashevsk, Russia

Nestlé Tuesday announced it has completed a CHF 240 million expansion of its soluble coffee factory in Timashevsk, Russia. Located in the Krasnodar region, the site is Nestlé’s largest soluble coffee factory in Europe. It is also the company’s biggest … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , | Comments Off

VimpelCom Extends Value Sharing Agreement with Weather Investments II

VimpelCom Ltd, a leading global provider of telecommunications services, Tuesday announced that it has agreed with Weather Investments II S.a.r.l. (Weather II) to extend to November 15, 2011 VimpelCom’s option to enter into the value sharing arrangement with Weather II … Continue reading

Posted in FDI news Russia, General | Tagged , , , , , , , , , | Comments Off