Sberbank to Sign DenizBank Deal

Reuters via Moscow Times 4 June 2012 Sberbank is set to sign a preliminary agreement next week to buy failed Franco-Belgian lender Dexia’s Turkish unit DenizBank, a source close to the negotiations said Friday. “An agreement is planned to be signed June...

BP Confirms Effort to Sell its TNK-BP Stake

Moscow Times 4 June 2012 BP has agreed to consider quitting its Russian joint venture in a move that could strip the British company of almost a third of its output and reverse the biggest investment in the Russian oil industry. If BP sells its 50 percent share in...

New Specialty Ingot Steel and Forged and Cast Steel Products Plant

Invest in the only integrated producer of specialty steel parts with added value in southeastern EuropeThe BusinessThe Company is in the final phase of opening a recently refurbished and upgraded plant for the manufacture of forged and cast steel products based upon...