From 24 to 26 May 2017 in Innopolis within Cipro...
SIBUR has reached an agreement for the acquisition of a 26.3 per cent stake in Cherepovets "Azot" from a group of investors. The acquisition is aimed at improving the current capitalization of SIBUR business with respect to the production of mineral fertilizers.
The company's strategy to phase out the non-core lines of the business through their sale or merger with other producers of nitrogen fertilizer has not been changed. The deal is expected to be concluded following the approval from the appropriate regulatory authorities.
The Financial Mirror reported that Marfin Popular Bank is to fully acquire its Russian subsidiary OJSC RPB Holding. The Marfin Popular Bank is the second largest lender in Cyprus. The Russian subsidiary is the owner of Rossiysky Promyishlenny Bank (Rosprombank) and OOO RPB Leasing. The investment is for a consideration of 51.6 million euros, around US$72.6 million.
Mobile TeleSystems OJSC, the leading telecommunications provider in Russia and the CIS, announced that MTS Group has acquired 100% in Inteleca Group of companies. The Inteleca group of companies is an alternative operator in the cities of Barnaul and Biysk in Altai Krai of the Siberian Federal District. MTS Group will acquire the business from a group of private investors.
The Russian Federal Antimonopoly Service (FAS) has approved a $24 billion merger between major fertilizer producers Uralkali and Silvinit. The merger is currently frozen due to a court injunction. In a statement Monday, Uralkali said the merger had been approved after it fulfilled its competition requirements.
Ukraine’s leading poultry producer Agroholding Mironovsky Hliboproduct (MHP) is mulling the purchase of Russian assets, reported usapeec.kz. According to Usapeec, Yuri Kosyuk, Chairman of the Board of MHP said the firm is currently on the lookout for potential acquisition investments in Russia.
International Finance Corporation (IFC), a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), are partnering to promote the introduction of new financial instruments that could boost Russia and Ukraine’s agricultural output and help reduce global food prices, announced the IFC.
OJSC Cherkizovo Group is to acquire 100 per cent of Mosselprom. Cherkizovo is one of Russia's leading integrated and diversified meat producers. The firm announced it has clinched a deal for the acquisition of 100% of Mosselprom, saying the investment is in line with its development strategy.
Transneft, Russia's state controlled oil pipeline giant, said Monday it will invest an estimated 161.59 billion rubles, around US$5.69 billion in the establishment of new facilities in 2011, reported RIA Novosti. Transneft expects the investment to enable it construct an additional 6,266 kilometers of new pipelines in 2011, said a company statement. In an earlier statement, Nikolai Tokarev, Transneft Chief had stated that the oil pipeline operator plans to reduce its 2011 investment program to 170 billion rubles from 187 billion rubles in 2010.
In a move aimed at expanding its operations in the Russian Arkhangelsk region, RusForest has entered into a sale and purchase agreement with the shareholders of Clonri Holding Limited and Piatkowski Holdings Limited, which together with subsidiaries comprise the Nord Timber Group (NTG), regarding the purchase of shares in and receivables from NTG against payment in the form of newly issued shares in RusForest.
Russia’s Rosneft has said it will forge ahead with a planed deal with BP despite unfavorable ruling by an arbitration panel. The Russian firm had gone into a strategic alliance with BP, but the move encountered opposition from BP’s partners in another joint venture, TNK-BP.
Canada’s Kinross Gold Corp. announced Friday that its Kupol Ventures Ltd division has obtained pre-approval from a Russian commission to buy the rest of Chukotka Mining and Geological Company. Kupol currently owns 75 per cent of Chukotka, which owns licenses for the Kupol Mine and Kupol East-West exploration.
OAO NOVATEK (NOVATEK) announced it has executed a call option agreement for the right to purchase the remaining 25.1 per cent stake in Yamal LNG. The transaction is for a consideration of US$526 million, which is valid until 1 July 2012. However, NOVATEK paid US$15 million for the call option, which is included in the option price.
3M, an American conglomerate, has said it is mulling the construction of two local manufacturing plants in Russia. 3M’s Russia chief executive announced the firm is planning at least $15 million worth of investment, to be used for the construction of the two production plants. One production plant will be used for the manufacture of insulation material and the other to make glass bubbles used in the oil and gas industry.
The Kommersant business daily reported that Russia is planning to create a $10 billion direct investment fund with foreign participation to invest in hi-tech and modernization projects. The Kommersant business daily report indicated that Russia’s Economic Development Minister Elvira Nabiullina said the Russian government will contribute $1 billion to the fund in 2011 and its capitalization would increase to $10 billion in 2015-2016.
Russia’s JSC TransContainer (TRCN) has acquired more than 67% stake in JSC KedenTransService. TransContainer picked 20.1% of the stake directly and 46.9% stake indirectly through a subsidiary. KedenTransService is a leading private operator of cargo handling terminal facilities in Kazakhstan.
Russian power Generation Company TGK-9, an affiliate of Integrated Energy Systems (IES), has selected advanced gas turbine technology from General Electric (GE) for a combined-cycle plant that will supply heat and electricity for the residents of Berezniki, an industrial city in Russia’s Urals Federal District. The project supports the Russian government’s initiative to continue modernizing its energy infrastructure to meet the country’s growing power needs.
TMK, one of the world’s leading oil and gas steel pipe producers, has acquired a 25.5 per cent stake in the Volgograd River Port from the Russian State. TMK won an auction held by Russia’s Federal Property Management Agency on March 16, 2011.
OAO Volgograd River Port includes several ports along the Volga River. The transaction was valued at around 113 million Russian roubles, approximately USD 3.9 million.
Japanese car manufacturer Nissan Motor Co., with partner Renault SA, is reportedly in talks to acquire over 25 per cent stake in Russian carmaker AvtoVAZ, reported Bloomberg. Nissan is in talks with AvtoVAZ shareholders Troika Dialog and Russian Technologies Corp. to acquire the stake over several years, said Bloomberg.
Russian iron miner Metalloinvest has revived its plans for merger with Norilsk Nickel. Alisher Usmanov, the controlling shareholder in the Russian iron miner has revived a pre-crisis plan to merge his firm with Norilsk Nickel and RUSAL, Reuters reported.
According to Usmanov, it's an unavoidable process that Metalloinvest has to arrive at sooner or later, he said Monday.
Russian mobile operator MegaFon is interested in acquiring the regional mobile operator NTC, media reports indicated. However, the reports further indicated the firm is still wary of potential opposition from the Russian regulatory watchdog FAS. Even so, if MegaFon goes ahead with its plans, the successful acquisition of NTC will increase MegaFon’s market share to more than 50 per cent.
NTC operates in the Primorye region, with a subscriber base of 1.5 million. Korea Telecom, the owner of NTC, plans to sell the regional operator.
Turkish firm Boydak Holdings acquired two manufacturing plants, each in Russia and Ukraine, from Poland’s Fabryki Mebli Forte SA. Boydak acquired Fabryki Mebli Forte’s Russian furniture manufacturing plant in the city of Vladimir, and another in Artemovsk, Ukraine. Fabryki Mebli Forte SA is a leading Polish furniture manufacturer and the investment was for a consideration of $20 million.
Bloomberg reported that Russia’s second biggest bank, VTB Group, will likely increase its stake in TransCreditBank up to 75 per cent in the foreseeable future. Quoting VTB’s Deputy Chairman Herbert Moos, Bloomberg said VTB is keen on increasing the stake at the same price it had earlier agreed on with TransCreditBank in 2010.
Russia's leading steel producer, Magnitogorsk Iron and Steel Works or MMK announced it had signed a share purchase agreement to acquire 50 per cent minus one share of MMK-Atakas from the Atakas Family. Under the agreement, Magnitogorsk Iron will pay an estimated US$ 485 million. Thus, MMK will be able to consolidate 100% shares in the Company. The transaction is expected to be completed by November 01, 2011. The completion is subject to obtaining necessary permissions and approvals.
Russia’s largest bank Sberbank has acquired the country’s leading investment bank, Troika Dialog, in a move to expand into investment banking. This investment creates numerous benefits for international financial markets by bringing together the knowledge, expertise and resources of two leading Russian financial institutions.
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