Follow Us On

  • Facebook


Invest In Russia News

  • TENEX signs long term contract with US based Exelon Generation Company LLC

    Russian owned Joint-Stock Company, Techsnabexport, (TENEX), a Rosatom enterprise, and the largest US nuclear generator Exelon Generation Company LLC signed another long-term contract for supply of enrichment services.

    The contract was signed by Mr. Alexei Grigoriev, General Director of TENEX, and Mr. Christopher Crane, President and Chief Operating Officer of Exelon Corporation and President of Exelon Generation.

  • General Electric expands presence in Russia’s healthcare and energy markets

    GE Friday expanded its position in one of the world's fastest growing markets by finalizing agreements to set up two new joint ventures in Russia which could drive $10 - $15 billion in sales.

    Under the new JVs, GE anticipate orders of energy-efficient heavy-duty gas-fired power generation turbines with total capacity of up to 5 gigawatts of power as well as thousands of high-tech medical diagnostic units in Russia.

  • Swissôtel Hotels & Resorts to add another Russian hotel to its portfolio

    Swissôtel Hotels & Resorts is to add another Russian hotel to its portfolio. The international hotel chain has signed a management contract for a hotel in the Russian year-round mountain resort Gorky-Gorod, in the city of Sochi.

    The deluxe hotel will be part of the Krasnaya Polyana winter sports area, which is due to be completed in time for the 2014 Winter Olympics. By then, 59 ski lifts should be up and running, providing access to around 200 kilometers of ski pistes.

  • Mobile TeleSystems OJSC board approves acquisition of 100% stake in Sistema Inventure

    Mobile TeleSystems OJSC (MTS), the leading telecommunications provider in Russia and the CIS, announced Thursday that MTS Board of Directors has approved the acquisition by MTS subsidiaries of a 100% stake in Sistema Inventure which directly owns 29% of the voting stock of Moscow City Telephone Network (MGTS).

    Under the proposed terms, subsidiaries of MTS would acquire for RUB 10.56 billion a 100% stake in wholly owned JSFC Sistema’s subsidiary Sistema Inventure, which in addition to its stake in MGTS has RUB 10.44 billion1 of debt owed to Sistema.

  • Rolls-Royce and Russia’s Rosatom to Collaborate in Civil Nuclear Market

    Rolls-Royce, the global power systems company, will collaborate with Russian state-owned atomic energy corporation, Rosatom, in the area of civil nuclear power.

    The agreement between the two companies follows a joint announcement by UK Prime Minister, David Cameron, and Russian President, Dmitry Medvedev, in which the two countries pledged to work more closely in a number of areas, including civil nuclear power.

  • CapMan Russia invests in Siberian Networks

    CapMan Russia, a fund managed by CapMan, has invested in Siberian Networks. The company is a fast growing Internet Service Provider (ISP) operating in the Siberian Federal District (SFD) of Russia. Siberian Networks aims to further expand its operations in its primary market area with considerable growth opportunities. CapMan will support the company in achieving its targets.

  • Leading biotech companies from Russia and the UK meet to Explore Joint Projects in the International Biotech Sector

    Human Stem Cell Institute and Xenetic Biosciences, leading biotech companies from Russia and the UK, met to discuss opportunities for further collaboration and investment in the international biotech sector. The meeting comes on the eve of UK Prime Minister David Cameron's official visit to Russia.

  • Multinational Search engine Yandex opens Data center in Russia and CIS

    Yandex last week opened the first data center in Russia and the CIS that uses a special energy-efficient server cooling system.

    The cooling system in the new data center uses ambient outside air. Average temperatures in the Moscow region during the year are typically low enough to ensure required temperature conditions in the data center.

  • Sberbank in agreement to acquire 100% of Volksbank International AG

    Sberbank of Russia and the shareholders of Volksbank International AG (VBI) – Österreichische Volksbanken-AG (VBAG), BPCE S.A. (BPCE), DZ BANK AG (DZ BANK) and WGZ BANK AG (WGZ BANK) – have signed a definitive agreement for the acquisition of 100% of VBI by Sberbank.

    The transaction parameter does not include VB Romania, VBI’s banking subsidiary in Romania. The agreed deal price will be 1.0x VBI book value (excluding VB Romania) ranging from €585 million to €645 million depending on business performance of VBI in 2011.

  • Rosneft and ExxonMobil execute strategic cooperation agreement for investments in Russia

    Rosneft and ExxonMobil recently executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, USA and other countries throughout the world, and to commence technology and expertise sharing activities.

  • The EBRD acquires minority stake in Russian privately owned mining company, GV Gold

    The European Bank for Reconstruction and Development (EBRD) has agreed to acquire for 1.53 billion roubles a 5.26 per cent stake in GV Gold, a privately owned mining company that is one of Russia’s top 10 gold producers.

    The investment in the company is part of an ongoing EBRD strategy to support the fragmented Russian gold mining industry’s competitive position by encouraging consolidation and backing players committed to developing their business in an environmentally and socially responsible way.

  • Gazprom Neft acquires 100% of ZAO Centre of Science-Intensive Technologies

    Gazprom Neft has acquired 100 per cent of ZAO Centre of Science-Intensive Technologies, which holds exploration and production licences for hydrocarbons in the Tsarichanskoye field - the largest of those discovered in the Orenburg region in recent years.

    According to Gazprom Neft’s estimates, recoverable hydrocarbon reserves in the field may exceed 25 million tons. Gazprom Neft is familiarizing itself with a new territory – the Orenburg region, which will become, in the long run, another oil production center for the company.

  • Rostelecom hikes its Stake in CJSC Volgograd-GSM To 100 percent

    Rostelecom OJSC, Russia’s national telecommunications operator, Friday announced that it has acquired a 50% stake in CJSC Volgograd-GSM (Volgograd-GSM) from SMARTS Group for a total cash consideration of RUB 2,322 million (approximately US$ 80.5 million ). As a result, Rostelecom now holds a 100% stake in Volgograd-GSM.

  • Integra Group acquires leading specialized Russian oilfield services company SIAM

    Integra Group announced Wednesday that it has executed a purchase and sale agreement to acquire SIAM Company (SIAM), a leading Russian oilfield services company specializing in wireline and slickline services, production logging and testing.

    The transaction amount is RR2.2 billion (US$76 million). Integra Group anticipates that closing of the transaction will occur within the next two months. The transaction will be financed by a combination of internal cash resources and external borrowings.

  • PPF Group N.V. group subsidiary acquires Russian agricultural holding company CJSC RAV Agro-Pro

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

  • Brunswick Rail acquires rail operator Proftrans

    Brunswick Rail, Russia’s leading railcar operating lessor, announced today the purchase of the rail operator Proftrans.
    Proftrans specializes in the transportation of metal cargoes by rail. The company’s rail fleet consists of 1,647 gondolas with an average age of 3.5 years. This transaction both increases the lessor’s railcar fleet and widens the array of services that Brunswick Rail can offer.

  • Elbrus Capital has made an investment in Blesk InCare

    Elbrus Capital has invested into a significant stake in Blesk InCare, a leading player in industrial laundries, textile management and protective mats in Russia and Ukraine.

    Blesk InCare operates seven industrial laundries in Moscow, Russia and in Kiev, Ukraine with capacity to process 1.8 thousand tons of flat linen and over 300 thousand square meters of mats per month. Key sectors serviced by the company are business centers, horeca, medical, military and educational institutions.

  • Mobile TeleSystems acquires 100% stake in each of the four companies operating under the Altair brand

    Mobile TeleSystems OJSC (MTS), the leading telecommunications provider in Russia and the CIS, announced that the MTS Group acquired a 100% stake in each of the four companies operating under the Altair brand (Altair).

    Altair is the largest cable TV provider and leading broadband provider in Tula, the administrative center of the Tula region of the Central Federal District, from a group of private investors.

  • Nestlé to invest more than RUB 1.3 billion in Russia

    Nestlé Wednesday announced it will invest more than CHF 38 million (RUB 1.3 billion) to double pet food production at its Purina PetCare factory in Russia’s Kaluga region.

    The investment in the new manufacturing building at the factory - located in the village of Vorsino - follows the installation of a new production line earlier this year.

  • Aegis Group plc acquires 100% of Moscow based Master Ad

    Aegis Group plc, the marketing communications group, Wednesday announced that it has signed an agreement to acquire 100% of the share capital of the holding company of Master Ad LLC, a full-service out-of-home agency based in Moscow, Russia.

    Master Ad is the leading specialist in the Russian outdoor media market enjoying consistent growth since forming in 2004. In recent years, Aegis Media Russia has worked closely with Master Ad which has significant expertise in crafting and delivering innovative out-of-home solutions.

  • Sistema Finance acquires minority ordinary shares of its parent company

    Sistema, the largest diversified public financial corporation in Russia and the CIS, announced that OJSC Sistema Finance, its 100% owned subsidiary, has acquired 17,813,600 Sistema ordinary shares, equal to 0.18% of Sistema’s total share capital. The shares will be used for corporate purposes.

  • RusForest Magistralny receives priority investment project status and a new forest lease

    RusForest Magistralny has been granted priority investment project status by the Russian Minister of Industry and Trade, Mr. Victor Khristenko.

    As a result, RusForest Magistralny is now included on the List of priority investment projects within the forestry industry in Russia (the "List") in accordance with Russian Government Order No. 419, and has received an additional forest lease with an annual allowable cut (AAC) of 398,700 m3, stated a company release.

  • Heidelberg Cement opens new plant in Greater Moscow

    HeidelbergCement recently officially opened its newly built cement plant TulaCement, which is located approximately 150 km south of Moscow in the city of Novogurovsky, in the Tula region.

    The plant has a production capacity of 2 million tons of cement. Construction of the plant began in April 2009. The investment costs for the new plant, which employs around 400 people, amount to approximately EUR 300 million.

  • Russian pharmaceuticals giant, Protek Group, acquires AnviLab and its assets

    Protek Group, a leader of the Russian pharmaceutical market, announced last month the signing of an agreement to acquire 100% ownership of ??? AnviLab and its assets in a deal valued at around $60 million.

    OOO AnviLab holds the rights to prominent pharmaceutical brands such as Antigrippin-maximum, Gepaguard, Influnet, and others, and owns ANVI Laboratory registered trademark. The assets purchased in the deal will be managed by Protek Group’s Production Segment flagship, ZAO FarmFirma Sotex.

© Copyright 2010-16 Invest in Russia Hanko Hackberry Group All rights reserved.