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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 a source close to Rosneft confirmed that the oil company was holding negotiations on the issue but declined to give any details about the price or the size of the share package, the paper said.

  • 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 economy ministry said on Wednesday.

    According to AFP, the Russian economy ministry signed an agreement with the Japanese company earlier this week under which the carmaker will produce between 25,000 and 50,000 cars per year.

  • $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 considering investing with the $10 billion direct investment fund Russia launched over the weekend as the country increases its efforts to boost foreign investment. Russian officials are preparing to unveil the line-up of the fund’s international advisory board soon.

  • 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 UES and Yuri Soloviev the First Deputy President and Chairman of the Management Board of VTB Bank, Chairman of the Board of Directors of VTB Capital holding companies.

  • 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 press briefing.

    The executive said that 182 billion roubles of this amount has already been invested. Gazprom plans to achieve nine gigawatts of capacity by 2016.

  • 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 to exceed 1.2-1.3 times the book value of the unit, suggesting an acquisition price of around $250 million.

  • 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 attractive portfolio of development opportunities, including existing brown field and green field development projects, will enjoy a global sales reach and benefit from a cost structure that is amongst the lowest in the potash industry.

  • 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, Voronezh, Kursk, Lipetsk, and Orlov regions.

  • Renault-Nissan alliance likely to take few months to seal deal with Russian automaker

    According to Reuters, talks over the Renault-Nissan alliance's plan to take a majority stake in top Russian automaker AvtoVAZ are likely to take a few more months, a source familiar with the discussions said.

  • LSR Group secures raw materials deposits for cement production in the Central region of Russia

    OOO Cement (a subsidiary of LSR Group) signed a contract to acquire OOO Kazinskoe kar’eroupravlenie.

    Through this acquisition LSR Group will obtain licenses for clay and limestone deposits in the Ryazan region with total estimated reserves of 240 million tons. LSR Group will also obtain freehold rights for 273 hectares of land and leasehold rights for 18 hectares, the latter to be used for cement plant construction.
     

  • LSR Group acquires majority stake in OJSC Pavlovskaya Keramika

    LSR Group acquired 93.44% of one of the largest facing bricks manufacturers in Russia - OJSC Pavlovskaya Keramika. The contract value is RUB 1.238 billion.

    Pavlovskaya Keramika is one of the most advanced brick manufactures in Russia. The plant produces facing bricks since 1970 and was significantly modernized in 2006-2008: obsolete buildings were substituted with new workshops, fully automated manufacturing process was implemented as new engineering systems and equipment by Keller HCW (Germany) and Bedeschi S.p.A. (Italy) were installed.

  • International luxury group LVMH reinforces its Russian presence

    The international luxury group Moet Hennessy Louis Vuitton  (LVMH) has bought 65 percent stake of Russian beauty products retailer Ile de Beaute, in which it first acquired a minority stake in 2008, reported Cosmetics Business.

    LVMH is seeking to expand its exposure to the Russian beauty market and the company hopes that Ile de Beaute, claimed to be Russia's second-largest beauty products retailer with 125 stores nationwide, will accelerate this move, said the report.

  • Ford Motor Company and Sollers OJSC complete agreements to set up 50/50 JV in Russia

    Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. The new business, named Ford Sollers is scheduled to start operations later this year.

    Stephen Odell, chairman and CEO of Ford of Europe, and Vadim Shvetsov, general director of Sollers, signed the final agreement papers at a ceremony Friday last week, held in Moscow with Russian Prime Minister Vladimir Putin.

  • Ebiquity expands its presence in emerging markets with new Russia office

    Media and marketing insights business, Ebiquity, Friday expanded its presence through the acquisition of a majority stake in its Russian media practice partner, the Joined Up Media Company (JUMC). The move effectively opens up a new office in Moscow, Russia and is in line with Ebiquity’s strategy for expansion in emerging markets.

  • RusForest AB acquires ZAO ADAR and OOO LP LDK Kansky in the Krasnoyarsk region

    RusForest AB has entered into an agreement to acquire ZAO ADAR (Adar) and OOO LP LDK Kansky (Kansky) in the Krasnoyarsk region. The two companies hold forest leases with a combined Annual Allowable Cut (AAC) of 470,600 m3. The acquisitions are conditioned upon, inter alia, the two companies having settled certain debts.

    Adar holds a pine-dominated forest lease located approximately 110 km north of the Boguchansky LPK sawmill, with an AAC of 262,700 m3 and covering an area of 110,343 hectares. The remaining term of the forest lease is 44 years.

  • Intel Capital invests in two Russian firms

    Intel Capital, Intel Corporation’s global investment organization, Thursday announced two new investments in Russian companies as part of its ongoing commitment to support technological innovation in the country.
     
    According to the Intel Capital announcement, the company has led a round of investment in AlterGeo, geo-location social networks in Russia with underlined location identification technology.

  • VimpelCom completes acquisition of 90% of New Telephone Company, a mobile operator in the Far East of Russia

    VimpelCom Ltd announced that its subsidiary OJSC VimpelCom acquired 90% of shares of Open Joint-Stock Company “New Telephone Company” (NTC).

    In line with the earlier announcement regarding the acquisition of NTC, VimpelCom has acquired 90% of NTC shares. VimpelCom will launch a mandatory tender offer under Russian law to acquire the remaining 10% of the outstanding NTC shares. Completion of the tender offer is expected to occur in the third quarter of 2011. 

  • Systemair buys Russian ventilation supplier

    Systemair has reached an agreement to acquire the Russian ventilation supplier Ventrade. Ventrade markets products for ventilation and air conditioning and is since many years one of Systemair's biggest customers in Russia. The company is headquartered in Moscow and has sales offices and warehouses in 11 cities.

  • EBRD & IFC may buy part of the Russian central bank's stake in the MICEX

    According to a Vedomosti report carried Monday, the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) may buy part of the Russian central bank's stake in the MICEX, Russia's largest stock exchange after its merger with the rival RTS.

  • Geomage Corporation buys Petro Trace Services

    According to Oil Voices, Geomage Corporation has acquired Petro Trace Services ('PTS). The combination of PTS with Geomage current activity in Russia will likely form one of the largest Geophysical Service Providers in Russia.

    PTS has 40 employees, an established reputation, years of experience, extensive knowledge and one of the largest storage and computer clusters in Russia with customers in over 15 countries.

  • Russian wireless carrier Centertelecom buys telecom holding Akado

    According to a Kommersant report carried Thursday, Russian wireless carrier Centertelecom, a subsidiary of telecom holding company Svyazinvest, is expected to close the buy of broadband and cable TV operator Akado.

    Akado had 670,000 broadband and 446,000 pay-TV subscribers, the vast majority of which (600,000 and 423,000 respectively) were in the capital itself, as of Q1 this year. Its analogue (‘social TV’) subscriber base meanwhile stood at 985,000.

  • Fiat SpA to invest $1.1 billion and build 120,000 cars a year in Russia

    According to Reuters, Italian carmaker Fiat SpA will invest $1.1 billion and build 120,000 cars a year in Russia to take advantage of state investment incentives and a recovering car industry. Reuters quoted the Russia's Economy Ministry revealing the plans.

  • KBC Bank buys part of International Finance Corp’s stake in Absolut Bank (Russia)

    KBC Bank and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, signed an agreement last month through which KBC Bank now has acquired a large part of IFC’s current 5% stake in Absolut Bank (Russia).

    The investment is for a total consideration of US$66,806,770. The sale is the result of the exercise by IFC of its put option it had agreed with KBC Bank on 16 May 2007. The transaction was finalized Tuesday. As a result KBC Bank now holds a 99% stake in Absolut Bank, while IFC maintains a 1% share.

  • OVL keen on acquiring 15 per cent stake in Russia's Yamal LNG project

    According to the Times of India, ONGC Videsh Ltd (OVL) is considering forming a consortium with four other state-run oil firms to acquire a 25% equity in an entity that is proposed to be formed by pooling assets of its subsidiary Imperial Energy and those owned by Russian oil-to-telecom group Sistema's holding in Russneft and Bashneft.

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