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  • Domestic oil companies plan to invest US$309 billion in Russia by 2020

    According to the Moscow Times, domestic oil companies plan to invest 8.6 trillion rubles ($309 billion) to 2020 in Russia. The Moscow Times quoted Prime Minister Vladimir Putin reiterating the plans. Of that, 5.9 trillion rubles will be spent developing fields and 780 billion rubles will be spent on modernizing refineries, Putin said.

  • NLMK completes its acquisition of additional 50% interest in Steel Invest and Finance

    NLMK, one of the world’s leading steel companies, announced Tuesday the completion of the previously announced deal to purchase the remaining 50 per cent interest in Steel Invest and Finance (SIF) from Duferco Group (Duferco).

    The transaction will result in SIF becoming a 100% owned indirect subsidiary of NLMK.  The cash consideration for the transaction is c.$600 million, payable in four equal annual installments. The Company will finance the transaction out of existing funds.

  • Continental invests in growth by building a new tyre plant in Kaluga, Russia

    Continental is investing in growth by building a new tyre plant in Kaluga, Russia. Following a phase of carefully assessing various sites in Russia, the corporation decided in favor of the city with just over 325,000 inhabitants that lies 170 km southwest of the capital Moscow.

  • IFC and Russian state owned development bank Vnesheconombank create investment fund

    IFC, a member of the World Bank Group, the Russian Federation, and state-owned development bank Vnesheconombank agreed to work together to create the Russian Banking Opportunity Fund. The fund will provide much-needed capital for banks in regions of Russia to finance small and medium enterprises, creating opportunities for businesses.

  • OAO Gazprom to increase spending by 52 per cent, and invest $44 billion

    According to Bloomberg, OAO Gazprom, Russia’s gas export monopoly, will increase spending by 52 per cent more than previously planned this year after unrest in the Middle East and the Japanese earthquake raised spot prices and European demand for pipeline supplies.

    Chief Financial Officer Andrey Kruglov told reporters Thursday in Moscow that Gazprom may invest a record 1.24 trillion rubles ($44 billion) this year compared with an approved budget of 816.4 billion rubles, reported Bloomberg.

  • RS Group shareholder in strategic partnership with Volga Resources to invest in Russia Sea Group

    Fish Information & Services (FIS) Wednesday reported that Russian leading fish and seafood company, Russian Sea Group, effected a change in the ownership of its major shareholder RS Group. The shareholder has formed a strategic partnership with the investment fund Volga Resources to invest in Russia Sea.

  • IFC in First Major Investment in the Russian District Heating Sector

    IFC, a member of the World Bank Group, is making an equity investment in Dalkia Eastern Europe, a new holding company created by leading energy and environmental management firm Dalkia, to help modernize the district heating sector in Russia and support environmental improvements in Lithuania.

  • VTB Bank to acquire additional 30% stake in Russia’s TransCreditBank by December

    RIA Novosti Monday reported that Russian state-controlled bank, VTB Bank plans to acquire about 30% stake in Russia’s TransCreditBank from state-owned railroad company Russian Railways by December 31, a source in one of the banks told the Newspaper.

    The deal would allow VTB Bank to increase its interest in TransCreditBank to over 70% from the current 43.2%.

  • 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.

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