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  • 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.

  • X5 acquires 8.45% Stake in A5 Pharmacy Chain

    X5 Retail Group N.V., Russia's largest retailer in terms of sales Tuesday announced that it has completed the acquisition of 8.45% stake in A5 pharmacy chain, one of Russia’s leading pharmacy retailers. ?5 also retains the right to purchase up to 100% of the chain until the end of 2012.

    Andrei Gusev, X5 Retail Group CEO, commented that the Company’s number one priority is to strengthen X5 Retail Group’s core business efficiency. However, Gusev said the company has no plans to expand into new market segments at this time.

  • EBRD acquires a minority stake in Russia’s Hlebprom

    The EBRD, through a £10 million investment, acquired a minority stake in Hlebprom, a leading Russian cake and biscuit producer which has developed its own national distribution system. The funding will mainly be used to upgrade the privately-owned company’s existing plants so as to increase efficiency and productivity.

  • BP Plc in last-ditch talks to buy out the Russian partners in its joint venture TNK-BP Ltd

    According to the Wall Street Journal, British oil giant, BP Plc is in last-minute talks to buy out the Russian partners in its joint venture TNK-BP Ltd, in a deal that could be worth $30 billion (18 billion pounds) or more.

    A Wall Street Journal report on Sunday reiterated that the deal would salvage the British oil giant's efforts to reach a landmark Arctic alliance with Russian state oil company Rosneft. The Wall Street Journal quoted people familiar with the situation.

  • Russia's state controlled Sberbank in talks to acquire BNP Paribas' Russian retail business

    The Kommersant business daily Friday reported that Russia's top lender, state-controlled Sberbank, is in talks to buy BNP Paribas' Russian retail business. The Kommersant quoted two banking sources, without revealing their identities.
     
    Kommersant said France's biggest listed bank is the No.7 player on the Russian retail lending market, working under the Cetelem brand. A Sberbank source confirmed to Kommersant the talks were underway, while BNP Paribas declined to comment.

  • Federal Antimonopoly Service approves Victoria Group acquisition

    The Federal Antimonopoly Service (FAS) of the Russian Federation approved the DIXY Group and the DIXY Holding Limited request to acquire 100 per cent share of VICTORIA Group.

    FAS decided to approve the request on condition that before acquiring 100 per cent of the VICTORIA Group voting shares within the deal framework, the VICTORIA Group should discontinue using for the purposes of food retail operations trade objects located the town of Serpukhov of the Moscow Region and the Serpukhov municipal district of the Moscow Region.

  • Roca acquire Russia’s foremost company in furniture for the bathroom industry

    Roca has acquired Akvaton, the leading Russian company in furniture for the bathroom space. This acquisition marks an important step in Roca’s consolidation in this strategically important market, at the same time strengthening its leadership position worldwide.

  • Russian company INTER RAO UES to purchase the shares of Hrazdan's hydro-power plant

    According to Tert.am, the Public Services Regulatory Commission has permitted the Russian company INTER RAO UES to purchase the shares of Hrazdan's hydro-power plant.

    The plant had transferred 100% of its shares to the Russian Rosneftgaz in 2009. The deal, along with transfers from 78 other natural gas companies had helped the Russian government to increase the company's assets. The owner of the Hrazdan hydropower plant is the Russian Federal Agency for State Property, said the report.

  • CapMan Russia fund invests in Russia based Virial

    The CapMan Russia fund, in collaboration with the Moscow-based nanotechnology investment company RUSNANO, has invested in Virial. Virial is a Russian manufacturer of ceramic and cerametallic components used in a variety of industries. The investment will enable Virial to increase its production capacity in the St. Petersburg region and seek growth opportunities in new application areas.

  • Arbitration Court orders BP to include TNK-BP in Russian Offshore Oil-Drilling Venture

    According to a Reuters report, BP will include TNK-BP in the Arctic Ocean offshore oil-drilling venture in Russia after months of court battle. BP will finally allow TNK-BP a share in the Russian venture.

  • Vimpelcom subsidiary buying New Telephone Company for $420 million

    VimpelCom Ltd announced that its subsidiary OJSC VimpelCom reached final agreements and signed the required documents to acquire 100 per cent of the shares of the Open Joint-Stock Company “New Telephone Company” (NTC) from KT Corporation and Summit Telecom Global Management B.V., subsidiary of Sumitomo Corporation.

    The acquisition price for 100 per cent of NTC shares is based on Enterprise Value of US$ 420 million. Accordingly, VimpelCom expects to acquire 90 per cent of NTC shares within the following four weeks.

  • Hines Global REIT buys FM Logistic Industrial Park in Moscow

    The Moscow office of Hines, the international real estate firm, announced Thursday that Hines Global REIT has acquired FM Logistic Industrial Park from AIGEuropean Real Estate Partners, LP. The 750,000-square-foot industrial/warehouse complex is located two miles from Sheremetyevo Airport, one of two large international airports in Moscow and the primary hub for cargo transport in Russia.

  • Rosneft purchases 50 per cent of Ruhr Oel GmbH

    Rosneft announced that it has closed its acquisition of 50% of Ruhr Oel GmbH from the Venezuelan state oil company Petróleos de Venezuela S.A. (PDVSA). The European Commission approved acquisition by Rosneft of a 50% stake in Ruhr Oel on March 11, 2011.

  • China’s Winsway Coking Coal Holdings buys Russian deposit for $90 million

    Winsway Coking Coal Holdings, a Chinese importer of Mongolian coal listed in Hong Kong, said its holding company agreed to buy a Russian deposit for $90 million.

    The holding company aims to buy 60 percent of the Apsatskoye steelmaking coal deposit in East Siberia's Zabaikalsky region, about 1,000 kilometers from a rail link between Russia and China, Winsway said in a statement Tuesday. The deposit has an estimated 675 million metric tons of resources, it said.

  • JSC Polymetal completes acquisition of Kutyn Gold deposit

    JSC Polymetal announced Tuesday it has completed the acquisition of the Kutyn Gold deposit. Polymetal acquired a company holding the mining and exploration license for the Kutyn gold deposit.

    On Feb. 24, JSC Polymetal entered an acquisition agreement with Olsen Business Limited, under which Polymetal agreed to acquire a 100% interest in a company holding the mining and exploration license for Kutyn gold deposit, for a consideration of 3.5 million of the Company's ordinary shares.

  • LSR Group acquires 85.94% of OJSC Obukhov’s building materials and structures plant

    LSR Group’s subsidiary OJSC PO Barrikada announced it has acquired 85.94% of OJSC Obukhov plant of building materials and structures. 

    Established in 1973, OJSC Obukhov plant of building materials and structures is now one of the largest reinforced concrete producers in St. Petersburg. It produces a wide range of reinforced concrete items for residential, industrial, commercial and infrastructure construction.

  • Foreign auto manufacturers invest heavily in Russia

    In a report carried by The Telegraph, foreign car makers have invested heavily in Russia, bolstering the Russian car industry. The Telegraph quoted Russian paper, Rossiyskaya Gazeta (Russia). The Russian car manufacturing industry has been bolstered by major foreign investments in the sector.

  • Ericsson to play key role in Russia's Skolkovo Innovation Center

    A strategic agreement has been reached in Russia that will help drive innovation and development in the country's science and technology sectors. Under the agreement, Ericsson will play a key partner role with the non-profit Skolkovo Foundation in the development of the Skolkovo Innovation Center, a high-technology business park aimed at promoting the development of science and technology companies.

  • BP’s Russian oil venture to spend approx. US$1 billion in acquisitions

    According to a report carried by Bloomberg Wednesday, TNK-BP, the Russian oil venture owned by BP Plc and a group of billionaires, is planning to spend an estimated US$1 billion in acquisitions. The move comes amidst a running dispute with a group of billionaire shareholders. Bloomberg said TNK-BP is looking for opportunities in Africa, the Middle East and Latin America to diversify operations away from Russia.

  • Sweco acquires Russian infrastructure consulting companies OOO IKPT and ZAO NIPI

    Sweco has acquired the Russian infrastructure consulting companies OOO IKPT and ZAO NIPI, both leading engineering consultancies in the transport sector. Through the acquisitions, Sweco has significantly advanced its position in Russia and will have a total of 360 consultants in the country, stated a company press release.

    The acquisition represents a further step in Sweco's initiative to expand in Eastern Europe and Russia in the infrastructure, environmental and energy segments. Sweco now has close to 1,300 employees in Eastern Europe and Russia.

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