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  • VTB Capital Acquires 4.35% strategic stake in En+ Group

    VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD$500 million. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital.

    Yuri Soloviev, First Deputy President - Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding companies Board of Directors, said, En+ Group is a company with deep expertise in consolidation and efficient management of assets in leading industries, and a strong track record of creating both national and global business leaders.
     

  • Czech investment firm KKCG Group Purchases an Oil Terminal in Russia

    KKCG SE has completed the acquisition of an oil terminal in Russia, thus becoming a 100% owner of the oil terminal near the town Oktyabrsk in the Samara Region, the Russian Federation.  The takeover by KKCG SE has already been approved by the Russian antimonopoly office.

    The oil terminal with an annual capacity of 3.4 million tons per year has been purchased by KKCG SE from the major Russian company OOO ITERA Holding, which belongs to the international group ITERA.

  • Tony Hayward fund Vallares in $12 billion bid for Bashneft, Russneft

    The Australian Monday reported that former BP chief Tony Hayward is keen on bidding for Russian oil producers once again, months after a previous bid flopped. According to the report, Tony Hayward is on a bid for oil producers Bashneft and Russneft, in a deal estimated at around £8 billion ($12 billion).

    Hayward is to undertake the investments via Vallares, the listed cash shell he co-founded with financier Nat Rothschild, reported the Australian. Mr Hayward is still a director of BP's troubled Russian joint venture TNK-BP.

  • GRUMA Announces the Acquisition of the Leading Tortilla Manufacturer in Russia

    GRUMA, S.A.B. de C.V., announced Friday the acquisition of Solntse Mexico, the leading tortilla manufacturer in Russia, for US$7 million.

    Based in Russia, Solntse Mexico is a tortilla company that manufactures and sells mainly wheat flour tortillas, corn tortillas and corn chips, among other products, under the brand “Delicados”.

  • Cilag GmbH International completes acquisition of OTC brands in Russia

    Cilag GmbH International Friday announced the completion of the acquisition of the over-the-counter (OTC) brands of J B Chemicals & Pharmaceuticals Limited for the equivalent of approximately U.S. $245 million in cash.

    The brands included in the acquisition are RINZA®, Russia’s leading multi-symptom cough and cold brand, and DOKTOR MOM®, Russia’s number two selling cough brand, as well as several other brands.

  • Investment fund Hybrid Investments Capital Corp. acquires 20% stake in Russia’s Pharmacy Chain 36.6

    The Kommersant business daily Wednesday reported that Investment fund Hybrid Investments Capital Corporation (Hi Capital), has acquired over 20 per cent in Russia’s Pharmacy Chain 36.6. The Chain announced the investment in a statement Wednesday.

    The stake was purchased from Russian pharmaceutical distributor SIA International. The value of the deal was however not provided.

  • Russia's state development bank VEB may buy majority stake in Coking coal miner

    Reuters Wednesday reported that Russia's state development bank VEB (Vnesheconombank) is set to acquire 80 per cent of coking coal miner Raspadskaya for $5.3 billion. Reuters quoted Russia’s Interfax news agency on Tuesday, citing unnamed sources.

    According to Reuters, a VEB spokesman and Raspadskaya's press office declined to comment. Reuters’ calculations estimate that Raspadskaya's market capitalization stands at more than $4.8 billion.
     

  • RUSNANO-cofinanced project to expand production of air purification systems gets underway

    A RUSNANO-cofinanced project to expand production of air purification systems that surpass current domestic and foreign competitors has gotten underway. The project has a total budget of 580 million rubles. RUSNANO will co-invest 261 million rubles in its realization.

  • The PALFINGER Group expands its business in Russia

    The PALFINGER Group is further expanding its business in Russia through the complete takeover of Russian crane producer INMAN (Ischimbajskie Neftianiye Manipuliatory, JSC).
     
    The company with its headquarters in Ishimbay in the Republic of Bashkortostan (Volga region) has since 1992 been a producer and distributor of hydraulic lifting and loading systems, in particular knuckle boom cranes.

  • PepsiCo to acquire remaining stake in Russia’s Wimm-Bill-Dann Foods

    PepsiCo, Inc. announced that it delivered a squeeze-out demand notice to Wimm-Bill-Dann Foods OJSC (WBD) on June 30, 2011. 

    Through the notice, PepsiCo has elected to exercise its right under Russian law to purchase all remaining WBD ordinary shares not already owned by PepsiCo, including those underlying WBD's American Depositary Shares (ADSs).  The acquisition process is expected to be concluded by mid September 2011.

  • Federal Grid Company and Cisco in agreement for continued development of smart grid in Russia

    Federal Grid Company and Cisco signed a memorandum of understanding focused on the continued development of smart grid in Russia. The agreement was signed between the Chairman of Federal Grid Company Oleg Budargin and Cisco Chairman and CEO, John Chambers. The signing was done during at the International Economic Forum in St. Petersburg.

  • DGHG acquires majority stake in Russia’s online marketing firm Miralab LLC

    Diversified Global Holdings Group Inc. (DGHG), a rapidly growing international holding company, Wednesday announced that it has completed the acquisition of a 51 per cent majority ownership stake in Miralab LLC.  This acquisition signifies Diversified Global Holdings Group's entry into the online marketing and social media sector.

  • 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.

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