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  • US based PepsiCo Inc gains approval for the acquisition of Russia’s Wimm-Bill-Dann Foods OJSC

    US based Soft drink and snacks maker PepsiCo Inc announced it has gained approval from Russia’s Federal Antimonopoly Service for PepsiCo's previously announced acquisition of Wimm-Bill-Dann Foods OJSC. Wimm-Bill-Dann Foods OJSC is Russia's leading branded food-and-beverage company. Subsequently, PepsiCo has received all regulatory approvals required as conditions to completing the acquisition. 

  • US-based ExxonMobil in deal with Russian state oil firm Rosneft, Exxon to offer $1 bilion funding

    US oil major Exxon Mobil is to invest $1 billion in Russian state owned oil firm Rosneft for the development of more than a billion tons of Black Sea oil. ExxonMobil is the biggest privately-controlled oil company in the world. The investment comes as Exxon’s first venture in Russia in more than a decade.  The move follows Moscow’s attempts to thaw its frosty investor climate and keep its oil flowing.

  • Kuwait Energy concludes acquisition of Pechora Energy Company LLC and OJSC VIK, owners of two oil fields in Russia

    Kuwait Energy Company KSCC announced it has completed the acquisition of two oil fields in Russia owned by Pechora Energy Company LLC and OJSC VIK. The Kuwait energy firm acquired the two Russian firms, gaining exclusive control of their operations, inclusive of the oil fields.

    Kuwait Energy is one of the fastest growing independent oil and gas exploration and production companies in the Middle East. The acquired oil fields are Luzskoye, run by Pechora and Chikshina, run by OJSC, from Concorde Oil and Gas Limited.

  • Russia’s foremost search engine Yandex acquires startup Loginza

    Yandex, Russia’s foremost search engine and internet portal, acquired Loginza, a domestic startup for an undisclosed amount. Loginza’s services enable developers implement user authentication through sites such as Facebook, Twitter or OpenID-supported sites, minus additional registration.

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