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  • 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.

  • France and Russia to collaborate in an investment program to build ski resorts for 2014 Winter Olympics in Sochi

    According to Bloomberg, France and Russia are to embark on an investment program that will see the two countries jointly build ski resorts in the North Caucasus for the 2014 Winter Olympics in Sochi.

    Under the plans, Caisse des Depots et Consignations, the French state-owned bank, will partner with Russia’s state-run North Caucasus Resorts Co. to attract investors from both countries, according to a joint statement by Presidents Nicolas Sarkozy and Dmitry Medvedev at the Group of Eight summit in Deauville, France.

  • Travelmenu raises $1.6 million in growth capital from Almaz Capital Partners

    Travelmenu announced that it has raised $1.6 million in growth capital from Almaz Capital Partners, general partner of the Almaz Capital Russia Fund I (also known as the Almaz Capital/Cisco Russia Fund I) and Runa Capital, two leading venture capital firms in Russia. Travelmenu will use the funds to invest in a direct-to-consumer marketing campaign and build additional sales infrastructure.

  • JSC "Polymetal" acquires 100% interest in hard-rock gold exploration and mining license for Elmus property

    JSC "Polymetal" announced that it has acquired a 100% interest in a company holding the hard-rock gold exploration and mining license for Elmus property.

    The total enterprise value of the Transaction (comprising consideration payable in cash for the 100% interest in the acquired company and for the debt of the acquired company assigned to Polymetal) is approximately 33 million roubles, or US$1.2 million (on the basis of the Bank of Russia exchange rate as of May 27, 2011).

  • RusForest AB picks up minority stakes in subsidiaries through issue in kind

    RusForest AB has acquired the outstanding minority stakes in its Ust Ilimsk based subsidiaries LLC RusForest Ust Ilimsk and LLC PIK-2005. The acquisitions were carried out by way of an issue in kind of a total of 847,645 RusForest shares to the previous owner in accordance with the authorization to issue shares granted to the Board by the EGM held on 15 April 2011.

    The issue is subject to registration with the Swedish Companies and Registration Office.
     

  • China Investment Corporation keen on direct investments in Russia

    According to the Xinhua News Agency, China Investment Corporation (CIC) is keen on direct investment in Russia. China Investment Corporation is a Chinese sovereign fund.

    The $300 billion sovereign wealth fund’s chairman and chief executive Lou Jiwei, told Xinhua that Russia has huge development potential, given the size of its market and its wealth of resources. Jiwei was speaking during a visit to Moscow.

  • Johnson & Johnson acquires several over-the-counter medicines sold in Russia

    According to Reuters, Johnson & Johnson (J&J) agreed to buy several over-the-counter medicines sold in Russia from J B Chemicals and Pharmaceuticals Ltd for about $260 million as it expands into emerging markets.

    The brands included in the acquisition are Rinza, Russia's leading multi-symptom cough and cold brand, and Doktor Mom, Russia's No. 2 cough brand, J&J said in announcing the deal on Monday. Russia is the world's eighth-largest OTC market, J&J said. The deal is expected to close by the middle of the year, said Reuters.

  • ESAB completes acquisition of Russian electrode manufacturer, Sychevsky

    ESAB, one of the world's leading manufacturers of welding and cutting equipment and welding consumables, has completed the acquisition of Sychevsky, a Russian electrode manufacturer. Sychevsky manufactures welding electrodes for electric arc welding including electrodes for the nuclear industry and for welding alloy thermal steel and the plant. 

  • BP’s plan to gain a foothold in Russia’s offshore Arctic oilfields via JV with Rosneft collapses

    Reuters Friday reported that BP’s plan to gain a foothold in Russia’s offshore Arctic oilfields through a deal with Russia’s state-controlled Rosneft collapsed, after a deadline for the tie up passed Monday. The move now opens the way for other oil majors to try to fill its place, said Reuters.

    According to Reuters, the tie-up unraveled because BP failed to appease partners in its existing Russian venture TNK-BP. The billionaire partners argued BP had no right to strike a new deal in the country without them.

  • OJSC Pobeda LSR signs agreement with Germany firm to produce and supply equipment for new Plant

    OJSC Pobeda LSR, a subsidiary of LSR Group, signed contracts with Germany’s Händle and Lingl to produce and supply equipment for the new brick plant which is currently under construction in the Leningrad region. The annual production capacity of the plant is 220 million bricks. The total value of the contracts is €32.03 million (excluding VAT).

  • PetroKamchatka PLC in trading halt pending investment announcement

    PetroKamchatka Plc, an international junior oil exploration company incorporated in the Bailiwick of Jersey, announced that it has halted the trading of its stock pending an investment announcement.

    PetroKamchatka Plc has signed a non-binding agreement with Mr. Sergey Dokuchaev and Mr. Valery Garipov in respect of a proposed share exchange transaction. Pursuant to the agreement, PetroKamchatka would issue common shares in exchange for all the outstanding stock of Advastor Services Ltd.

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