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  • Sberbank in agreement to acquire 100% of Volksbank International AG

    Sberbank of Russia and the shareholders of Volksbank International AG (VBI) – Österreichische Volksbanken-AG (VBAG), BPCE S.A. (BPCE), DZ BANK AG (DZ BANK) and WGZ BANK AG (WGZ BANK) – have signed a definitive agreement for the acquisition of 100% of VBI by Sberbank.

    The transaction parameter does not include VB Romania, VBI’s banking subsidiary in Romania. The agreed deal price will be 1.0x VBI book value (excluding VB Romania) ranging from €585 million to €645 million depending on business performance of VBI in 2011.

  • Rosneft and ExxonMobil execute strategic cooperation agreement for investments in Russia

    Rosneft and ExxonMobil recently executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, USA and other countries throughout the world, and to commence technology and expertise sharing activities.

  • The EBRD acquires minority stake in Russian privately owned mining company, GV Gold

    The European Bank for Reconstruction and Development (EBRD) has agreed to acquire for 1.53 billion roubles a 5.26 per cent stake in GV Gold, a privately owned mining company that is one of Russia’s top 10 gold producers.

    The investment in the company is part of an ongoing EBRD strategy to support the fragmented Russian gold mining industry’s competitive position by encouraging consolidation and backing players committed to developing their business in an environmentally and socially responsible way.

  • Gazprom Neft acquires 100% of ZAO Centre of Science-Intensive Technologies

    Gazprom Neft has acquired 100 per cent of ZAO Centre of Science-Intensive Technologies, which holds exploration and production licences for hydrocarbons in the Tsarichanskoye field - the largest of those discovered in the Orenburg region in recent years.

    According to Gazprom Neft’s estimates, recoverable hydrocarbon reserves in the field may exceed 25 million tons. Gazprom Neft is familiarizing itself with a new territory – the Orenburg region, which will become, in the long run, another oil production center for the company.

  • Rostelecom hikes its Stake in CJSC Volgograd-GSM To 100 percent

    Rostelecom OJSC, Russia’s national telecommunications operator, Friday announced that it has acquired a 50% stake in CJSC Volgograd-GSM (Volgograd-GSM) from SMARTS Group for a total cash consideration of RUB 2,322 million (approximately US$ 80.5 million ). As a result, Rostelecom now holds a 100% stake in Volgograd-GSM.

  • Integra Group acquires leading specialized Russian oilfield services company SIAM

    Integra Group announced Wednesday that it has executed a purchase and sale agreement to acquire SIAM Company (SIAM), a leading Russian oilfield services company specializing in wireline and slickline services, production logging and testing.

    The transaction amount is RR2.2 billion (US$76 million). Integra Group anticipates that closing of the transaction will occur within the next two months. The transaction will be financed by a combination of internal cash resources and external borrowings.

  • PPF Group N.V. group subsidiary acquires Russian agricultural holding company CJSC RAV Agro-Pro

    PPF Group N.V.  announced that through its subsidiary, Bavella B.V., it has acquired 100% 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 with a 20% stake in Bavella B.V. The price, as well as further details of the transaction, have not been disclosed following the agreement between the two parties. The transaction has been already approved by the appropriate Russian regulators.

  • Brunswick Rail acquires rail operator Proftrans

    Brunswick Rail, Russia’s leading railcar operating lessor, announced today the purchase of the rail operator Proftrans.
     
    Proftrans specializes in the transportation of metal cargoes by rail. The company’s rail fleet consists of 1,647 gondolas with an average age of 3.5 years. This transaction both increases the lessor’s railcar fleet and widens the array of services that Brunswick Rail can offer.

  • Elbrus Capital has made an investment in Blesk InCare

    Elbrus Capital has invested into a significant stake in Blesk InCare, a leading player in industrial laundries, textile management and protective mats in Russia and Ukraine.

    Blesk InCare operates seven industrial laundries in Moscow, Russia and in Kiev, Ukraine with capacity to process 1.8 thousand tons of flat linen and over 300 thousand square meters of mats per month. Key sectors serviced by the company are business centers, horeca, medical, military and educational institutions.

  • Mobile TeleSystems acquires 100% stake in each of the four companies operating under the Altair brand

    Mobile TeleSystems OJSC (MTS), the leading telecommunications provider in Russia and the CIS, announced that the MTS Group acquired a 100% stake in each of the four companies operating under the Altair brand (Altair).

    Altair is the largest cable TV provider and leading broadband provider in Tula, the administrative center of the Tula region of the Central Federal District, from a group of private investors.

  • Nestlé to invest more than RUB 1.3 billion in Russia

    Nestlé Wednesday announced it will invest more than CHF 38 million (RUB 1.3 billion) to double pet food production at its Purina PetCare factory in Russia’s Kaluga region.

    The investment in the new manufacturing building at the factory - located in the village of Vorsino - follows the installation of a new production line earlier this year.

  • Aegis Group plc acquires 100% of Moscow based Master Ad

    Aegis Group plc, the marketing communications group, Wednesday announced that it has signed an agreement to acquire 100% of the share capital of the holding company of Master Ad LLC, a full-service out-of-home agency based in Moscow, Russia.

    Master Ad is the leading specialist in the Russian outdoor media market enjoying consistent growth since forming in 2004. In recent years, Aegis Media Russia has worked closely with Master Ad which has significant expertise in crafting and delivering innovative out-of-home solutions.

  • Sistema Finance acquires minority ordinary shares of its parent company

    Sistema, the largest diversified public financial corporation in Russia and the CIS, announced that OJSC Sistema Finance, its 100% owned subsidiary, has acquired 17,813,600 Sistema ordinary shares, equal to 0.18% of Sistema’s total share capital. The shares will be used for corporate purposes.

  • RusForest Magistralny receives priority investment project status and a new forest lease

    RusForest Magistralny has been granted priority investment project status by the Russian Minister of Industry and Trade, Mr. Victor Khristenko.

    As a result, RusForest Magistralny is now included on the List of priority investment projects within the forestry industry in Russia (the "List") in accordance with Russian Government Order No. 419, and has received an additional forest lease with an annual allowable cut (AAC) of 398,700 m3, stated a company release.

  • Heidelberg Cement opens new plant in Greater Moscow

    HeidelbergCement recently officially opened its newly built cement plant TulaCement, which is located approximately 150 km south of Moscow in the city of Novogurovsky, in the Tula region.

    The plant has a production capacity of 2 million tons of cement. Construction of the plant began in April 2009. The investment costs for the new plant, which employs around 400 people, amount to approximately EUR 300 million.

  • Russian pharmaceuticals giant, Protek Group, acquires AnviLab and its assets

    Protek Group, a leader of the Russian pharmaceutical market, announced last month the signing of an agreement to acquire 100% ownership of ??? AnviLab and its assets in a deal valued at around $60 million.

    OOO AnviLab holds the rights to prominent pharmaceutical brands such as Antigrippin-maximum, Gepaguard, Influnet, and others, and owns ANVI Laboratory registered trademark. The assets purchased in the deal will be managed by Protek Group’s Production Segment flagship, ZAO FarmFirma Sotex.

  • EBRD to invest significantly in Russia’s road building

    The European Bank for Reconstruction and Development (EBRD) and Avtodor, the Russian state company responsible for the development of the country’s motorway network, Thursday pledged to work on ways of making it easier to attract international financing and private sector involvement to such projects.

    In addition, this MoU commits the EBRD and Avtodor to explore co-financing opportunities and identify suitable financing instruments, which could be used to support road projects.

  • Boeing plans to invest about U.S. $27 billion in Russia

    Prime-Tass Thursday reported that U.S. aircraft manufacturer Boeing plans to invest about U.S. $27 billion in projects in Russia over the next 30 years.

    Prime quoted the company’s Vice President for the Civil Aviation Marketing Department, Randy Tinset, speaking to television channel Russia Today Wednesday.

    Of the total investments, Boeing plans to direct $18 billion at titanium-production related projects, $5 billion to engineering projects, with the remaining funds allocated to other projects, Tinset said.

  • Kernel Purchases Sunflower Seed Crusher in Russia

    Kernel Holding S.A. announced that, in line with its acquisition pipeline issued 30 March 2011, the Company acquired a 100% interest in Russian Oils, an oilseed crusher in Russia, for a US$60 million enterprise value and cash consideration in the range of US$15 million.

    While the transaction has already been approved by the Antimonopoly Committee of Russia and a share purchase agreement has been executed between the parties, remaining conditions precedent have to be fulfilled and completion of the transaction is expected to take place early September.

  • Russia offers Agricultural Land to South East Nations in bid to foster trade and investment ties

    The Moscow Times Tuesday reported that Russia is offering agricultural land to Southeast Asian nations to grow crops and help secure reliable food supplies, part of wider efforts to foster trade and investment ties in new markets.

    In an interview last week, Russian Deputy Economic Development Minister, Andrei Slepnyov, noted the state is keen on encouraging companies in the Asian region to enter the Russian market given its large scale and to establish themselves to produce food for [their] own supply.

  • Korean and Arab Funds likely to Invest in Russian Banks

    According to a report carried Monday by the Kommersant business daily, the Abu Dhabi Investment Authority may invest $100 million in Russian regional banks through a fund set up by the International Finance Corp. and VEB, Russia’s state-run development bank.

    Investment funds from South Korea have also expressed interest in the fund, which may invest as much as $1 billion, the newspaper reported, citing documents prepared for VEB’s supervisory board. No date has been set for the board’s next meeting, Kommersant said.

  • AR Games Acquires stake in Online Game Publisher Syncopate

    AR Games announced that it has acquired 25 percent of Syncopate, one of Russia’s largest online game publishers.

    Founded by famous Russian film producer and media entrepreneur, Alexander Rodnyansky, AR Games is expanding the scope of AR Films across new mediums. Syncopate, developer and operator of the GameNet platform, is one of the leading publishers Russian-speaking markets, with hit titles including Aika and Blood Rites.

  • Russia's second-biggest lender to provide financing for Urakali-Silvinit merger

    Reuters Friday reported that Russia's second-biggest lender, VTB, will provide a 5.7 billion rouble ($193 million) loan to Russian potash miner Uralkali, the bank's spokeswoman told Reuters on Friday.

    JSC VTB Bank entered into a RUB 5.7 billion loan agreement with JSC Uralkali, a global leader in potash fertilizer production. The loan facilities are offered for a year to finance current business activities.

  • AVentures Capital and other partners invest in Russia’s Divan.TV.

    AVentures Capital, along with several other private investors, is amongst the first firms to invest into Russian TV concept, Divan.TV.

    Divan.TV is a new concept in the television experience targeting the Central Eastern European area. Adventures Capital has stated that their investment, at this time, has not exceeded $1 million.

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