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  • 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.

  • VTB Capital announces completion of deal to acquire News Outdoor Russia

    VTB Capital, NOOH Investments Coöperatief and Marathon Outdoor Coöperatief have purchased a 79% stake in News Outdoor Russia belonging to News Corporation.

    News Outdoor Russia will interact with the federal and municipal authorities to implement programmes aimed at improving the appearance of cities and introduce the latest technological solutions for building advertising constructions.

    The Board of Directors has appointed Yevgeny Senderov of VTB Capital as president of News Outdoor Russia.

  • Stroytransgaz to purchase conglomerate of eight firms specializing in transport, industrial, and house construction

    Stroytransgaz has initiated the deal on acquisition of ARKS Group that comprises eight largest companies specializing in the transport, industrial, and house construction.

  • Somani Group to establish joint venture with Russia’s Mechel OAO

    Diversified company Somani Group Monday said it had set up a joint venture firm with Russian metals to mining major Mechel OAO to cater to the growing demand of coal in the country, reported the Press Trust of India (PTI).

    Somani Group's President Atul Verma told PTI that the JV, Mechel Somani Carbon, will source coal from Mechel's mines in Russia and other countries and process it in India to give just-in-time delivery as per the requirement.

  • NASDAQ OMX Group and RTS Stock Exchange reach business agreement

    The NASDAQ OMX Group, Inc. and RTS Stock Exchange have reached a partnership agreement that will facilitate RTS efforts to more quickly realize and maximize profits for their market data content.

    NASDAQ OMX will provide RTS, one of the major trading platforms in Russia and Eastern Europe, with a comprehensive suite of services to ensure compliance with RTS market data policies and best practices.

  • HMS Group to Acquire Pump Manufacturer Bobruisk Machine Building Plant

    HMS Group, the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announced Friday that it has entered into a share subscription agreement for an acquisition of a stake in Bobruisk Machine Building Plant.

  • Lipoxen in bid to transform Russian state-owned nanotechnology group

    Lipoxen Thursday announced an acquisition strategy and an agreement with the Russian state-owned nanotechnology investment company that will utterly transform the bio-pharmaceuticals group, reported Proactive Investors.

    Lipoxen is to buy German firm SymbioTec, which is developing a platform technology around highly alkaline proteins called histones to treat a broad spectrum of cancers. The all-paper deal values SymbioTec at £8.8 million. In addition, Lipoxen has brought on board a strategic investor with a very similar name, said the report.

  • EBRD invests in Russia’s power sector and for development of the country’s domestic capital market

    According to BSR Russia, the European Bank for Reconstruction and Development (EBRD) has bought 10 year maturity bonds worth 800 million roubles from Federal Grid Company (FGC) to demonstrate its commitment to the Russian power sector and in the development of the country’s domestic capital market.

  • CapMan Russia fund and Gimv NV invest in Russian-based Expert Photo

    The CapMan Russia fund, in collaboration with Belgian-based investment company Gimv NV, provided growth capital to Expert Photo, a leading provider of photo related services in Russia. The investment is made to strengthen the company’s position in the Russian market.

  • Strauss Coffee continues expansion in Russia and the CIS

    Strauss Coffee Friday continued its expansion in Russia and the CIS with the acquisition of the Ambassador Brands and products.

    Gadi Lesin, President & CEO of Strauss Group and Chairman of Strauss Coffee, and Todd Morgan, CEO of Strauss Coffee, announced the Continued Expansion of the Strauss Coffee Business in Russia, through the Acquisition of the Ambassador Brands and Products in CIS and Russia.

  • Russian investors to buy 79.4 percent of fertilizer firm Minudobreniya

    Vedomosti Business daily Friday reported that Russian businessmen Arkady and Boris Rotenberg will buy 79.4 percent of fertilizer firm Minudobreniya, part-owned by Norway's Yara International from Dmytro Firtash.

    Sources told Vedomosti daily that Ukrainian tycoon Firtash would sell his holdings for about $2 billion, though other people close to the various parties in the complex transaction did not provide any details on the price.

  • SIBUR acquires the only acrylic acid producer in Russia and the CIS Acrylate, ATEK Group

    SIBUR has bought JSC Acrylate - the only CIS-based producer of acrylic acid and its esters - from ATEK Group.

    JSC Acrylate’s production site is located in the eastern industrial area of Dzerzhinsk, Nizhny Novgorod Region, and is just 2km from SIBUR’s facility, which provides JSC Acrylate with its basic raw material – propylene.
    The production capacity of JSC Acrylate’s plant is 25 kta of ester grade acrylic acid, 36 kta of heavy esters (butyl acrylate) and 10 kta of light esters (methyl and ethyl acrylate).

  • Enel completely fulfills its investment obligations in Russia in terms of construction of new generation capacity

    Enel OGK-5 Tuesday successfully launched the new combined cycle gas turbines (CCGT) unit with installed capacity of 410 MW at Sredneuralskaya GRES near Yekaterinburg in the Urals Region.
    With the launch of the second new 410 MW CCGT Enel becomes the first power generating company to completely fulfill its investment obligations in Russia in terms of construction of new generation capacity. The project required an overall investment of approximately €380 million.

  • PPF Group enters the agriculture industry in Russia through its subsidiary

    PPF Group N.V.  announced Wednesday that through its subsidiary, Bavella B.V, it has acquired 100 per cent 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 per cent 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 already been approved by the appropriate Russian regulators.

  • Russia's second largest lender VTB may acquire up to a 10 percent stake in Home Credit BV

    The Vedomosti Business daily Tuesday reported that Russia's second largest lender VTB may acquire up to a 10 percent stake in Home Credit BV, which owns banks in Belarus, the Czech Republic, Kazakhstan, Russia and Slovakia.

    According to Vedomosti, a VTB source told the Newspaper that the aim of the deal was to raise funds in an upcoming Initial Public Offering for Home Credit BV scheduled for this fall. The deal is being prepared by VTB's investment vehicle VTB Capital.

  • Russia's Republic of Tatarstan and Wermuth Asset Management to set up a 200 million-euro clean technology fund

    Reuters Friday reported that Russia's Republic of Tatarstan and Wermuth Asset Management plan to set up a €200 million clean technology fund that aims to help the heavy oil producing region boost energy efficiency and manage industrial waste.
    Speaking to Reuters, Wermuth founder Jochen Wermuth said the company will invest in the world's best clean technology companies, help them enter the Russian market and, eventually, set up production in Russia.

  • Dr. Reddy’s buys prescription business of JB Chemicals & Pharmaceuticals in Russia & other CIS markets

    Dr. Reddy’s Laboratories announced Friday that it has entered into an agreement with JB Chemicals & Pharmaceuticals to acquire their pharmaceutical prescription portfolio in the Russia and other CIS regions.
    The agreement involves acquisition of 20 brands, key ones being Metrogyl and Jocet, for a consideration of US$34.85 million. Dr. Reddy’s has also entered into a supply agreement with JB Chemicals for the continued manufacturing and supply of these products associated with the acquired brands.

  • East Capital Explorer to acquire unlisted Russian fashion retailer Melon Fashion Group

    East Capital Explorer AB has agreed to acquire Swedfund International AB's approximately 15 per cent stake in Melon Fashion Group (MFG), the unlisted Russian fashion retailer with over 500 shops in Russia and Ukraine. The investment is for a consideration of approximately €14 million.

    Gert Tiivas, CEO of East Capital Explorer AB commented that MFG has grown very fast and remains one of the most exciting retail companies in East Capital’s investment universe with potential for further value growth.

  • France based Saint-Gobain expands its Insulation Business in Russia and Japan

    Saint-Gobain is expanding its operations in Russia and Japan as it seeks to better serve its clients in the regions. Saint-Gobain is pursuing its expansion in Russia with the acquisition of Russia’s Linerock, a company based in Tcheliabinsk.
    Linerock is the Ural region’s leading manufacturer of rock wool products, the most widely used insulation materials in the Commonwealth of Independent States (CIS). The company employs over 500 people and reported consolidated revenues of around €25 million in 2010.

  • 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”.

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