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  • Basic Element, Sberbank Investments and Changi in JV to invest and develop Russian airports

    Basic Element Group, LLC Sberbank Investments, a subsidiary of Sberbank, and Changi Airports International (CAI) have signed a memorandum of understanding (MOU) to form a joint venture to invest in and develop airports in Russia, Sberbank announced Monday.

    Basic Element will hold 50% plus one share, CAI will hold 30% and LLC Sberbank Investments will hold 20% minus one share in the joint venture.

  • 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 per cent stake of Vincy Coal.

    A source close to the development told Times of India that NMDC will likely make its bid by November 1. Vincy Coal is estimated to have coking coal reserves of 70-100 million tones. The company’s board is expected to meet this week before the bid is made, said the report.

  • 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 needed industrial as well as radioactive isotopes used for medical diagnostic and therapeutic uses.

    With a broad base of clients worldwide, including key alliances and production capabilities, AMIC anticipates executing definitive documents prior to year-end.

  • 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 a hybrid engine.

    The project to develop Russia’s first hybrid locomotive is being undertaken by the engineering company Innovation Development Centre CTM, which is part of Sinara-Transport Machines.

  • 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 to sell Barclays retail and commercial banking operations in Russia.

  • 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 in the republic of Tatarstan with presence in 15 cities. This acquisition allows MTS to strengthen its leadership position in Tatarstan and enter the market of pay-TV, broadband and fixed telephony services in the region.

  • 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 of the Foreign Investment Advisory Council chaired by Russian Prime Minister Vladimir V. Putin.

  • 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, and has been paid in cash. The establishment of Nanostart Russia serves to fulfill the main regulatory conditions for Nanostart’s market entry in Russia as a fund manager in the area of venture capital. The company is domiciled in Moscow with an office in Perm.

  • 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 entities using the price formulas based on market markers.

    LUKOIL’s products will be used by GAZ Group in the first automobile priming in an assembly line and will be recommended for use with GAZ Group’s equipment in the automobile after-sales service.

  • 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 investment project in Russia so far.

    The factory uses advanced freeze-dry technology to make Nescafé coffee products for consumption in the Russian market and for export to other Commonwealth of Independent States (CIS) countries.

  • 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 with respect to Orascom Telecom Algerie.

  • Sberbank acquires 100 per cent stake of Insurance Company Allianz Life

    Sberbank of Russia Monday announced the signing of an agreement with the insurance company Allianz Life and ZAO “Insurance Shareholder Company “Allianz” for the acquisition of OOO “Insurance Company Allianz Life” (IC Allianz Life).

    The transaction involves acquisition of 100% of share capital in IC Allianz Life. The current shareholder of the Company is ISC “Allianz”.

    The parties agreed to close the transaction before the end of 2011. The price of the transaction is not disclosed.

  • MegaFon launches unique Content Delivery Network in Russia

    Russia’s major telecoms company, MegaFon, recently launched into operation a unique, one of its kind Russia network for content delivery. The company is targeting providing access to global content resources for the Russian market.
    According to MegaFon, one of the practical applications of the project rolled out on the base of CDNetworks solution will be live streaming of the 2014 Winter Olympic Games from Sochi to the rest of the world.

  • Unilever acquires majority stake in Russia’s leading beauty company

    Unilever Friday announced the acquisition of a majority, 82% stake in Russia’s leading beauty company, Concern Kalina. The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB 21.5 billion (€ 500 million). Unilever is one of the world’s leading consumer goods companies.

  • China Development Bank (CDB) agrees to $1.5 billion financing for Taishet aluminum smelter

    China Development Bank is to invest an estimated U.S. $1.5 billion financing for the first stage of Russia’s Taishet aluminum smelter in the Irkutsk Region. The Chinese bank reached a partnership agreement for the investment with Russia’s state owned Vnesheconombank (VEB).

    On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of CDB – by Executive Vice President Mr. Gao Jian.

  • China's sovereign-wealth fund to invest $1 billion in Russian Fund

    China Investment Corp., the Chinese sovereign wealth fund, is to invest around $1 billion in a Kremlin-backed Russian fund, the Wall Street Journal reported Wednesday. The Chinese will invest the amount in an existing Russian investment vehicle.

    The agreement was reached between Russia’s Prime Minister Vladimir Putin and China's Wen Jiabao during a meeting in Beijing. However, the countries are still engaged in long standing negotiations over planned natural gas pipelines, said the Dow Jones.

  • CapMan Russia picks up 29% stake in Lumex Instruments

    Russia’s foremost private equity fund managed by Capman, Capman Russia, has acquired a 29% share in a Russian laboratory analytical equipment manufacturer Lumex Instruments.

    With operations in Russia, the CIS, China, the European Union, the USA and Canada, the company aims at becoming the leading player in its field globally. In the coming years, CapMan will accelerate Lumex’s international expansion.

  • Elbrus Capital establishes Strela Telecom through acquisition of broadband and cable TV providers

    Elbrus Capital has established Strela Telecom through acquisition of 8 providers of broadband internet and cable TV in Russian regions.

    Strela Telecom focuses on smaller Russian regional cities with population between 100 and 600 thousand, particularly in Siberia and Far East. These markets are fragmented, significantly under penetrated and provide high growth potential as more consumers are demanding superior quality and high speed service, noted a company release.

  • Russian Helicopters reforms its acquisition activities to benefit subsidiaries and suppliers

    Russian Helicopters, the holding company controlling the Russian rotorcraft industry assets and a subsidiary of United Industrial Corporation Oboronprom, has started reforming its acquisition activities, including the processes leading to the rendering of services, delivery of equipment, materials, parts, and units – everything necessary for the business of the holding company.

  • Total S.A signs agreement to jointly develop the Yamal LNG project with Novatek

    Total Thursday signed with Novatek the final agreements to jointly develop the Yamal LNG project. The move makes Total the main international partner on this gas liquefaction project with a 20% share. Novatek intends to keep at least a 51% interest in the project.

  • WPP subsidiary agrees to acquire majority stake in Promo Digital, in Russia

    WPP announces that its wholly-owned operating company Ogilvy & Mather, the global marketing communications group, has agreed to acquire a majority stake in Promo Digital LLC in Russia (Promo), subject to obtaining regulatory approvals.
    Founded in 1997 and based in Moscow, Promo is a digital marketing services agency which specializes in creating internet, mobile and multimedia campaigns for a variety of clients in Russia. The agency employs 53 people and major clients include Gazprom, LG and MTS.

  • Integra Group completes acquisition of Russia’s SIAM Company

    Integra Group Tuesday announced that it has completed the deal for the acquisition of SIAM Company (SIAM), a leading Russian oilfield services company specializing in wireline and slickline services, production logging and testing.

    Integra paid RR2.2 billion (US$71 million) which was financed by a combination of internal cash resources and use of existing debt facilities. The Company has been acquired on a cash free and debt free basis.

  • IMG completes acquisition of a 27% stake in a large-scale residential project in Volgograd, Russia

    Investment Management Group (IMG) has completed the acquisition of a 27% stake in a large-scale residential project in Volgograd, Russia, on behalf of its Russia Development Fund.

    The residential project, located in the geographical center of Volgograd, was designed by the international architectural firm Nikken Sekkei and will introduce a unique mixed-use concept to the city. The project will consist of both business-class and affordable residential housing, with a gross building area of approximately 250,000 m² built on a 12.4 ha land plot.

  • Russia’s Yandex invests $15 million in US creator of the search engine

    Russia’s internet search giant Yandex Friday announced a $15 million investment in the U.S. company blekko, creator of the search engine

    Yandex’s investment was a part of a $30 million funding round, with Yandex as the lead investor. Also participating in the round were an Australian investor, MLC Private Equity, and existing investors U.S. Venture Partners, CMEA Capital and PivotNorth Capital. Along with the investment Yandex acquired a minority interest in the company.

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