FAS approves Rosneft purchase of 51% of Itera

FinancePlus by Charles Borden 12 April 2012 RIA Novosti reports that Russia’s Federal Anti-monopoly Service (FAS) has approved a petition by Russian oil company Rosneft to buy 51% of Itera. In February, Rosneft and Itera inked a strategic cooperation agreement...

Avito.ru revenues up 8-fold – but valuation target still far

East-West Digital News 11 April 2012 The 2011 valuation of Avito.ru, Russia’s leading classifieds site by brand awareness and number of users, amounted to $158.73 million, according the annual report issued by minority shareholder Vostok Nafta earlier this month....

Biglion buys major Belorussian daily deal site

East-West Digital News 11 April 2012 Just two months after it began serving Kazakhstan, Biglion, the leading Russian daily deal site, has acquired Bongo.by, a Belorussian analog. The transaction was announced yesterday by Biglion’s Development Director Oleg Savtsov in...

Environmental Services for the Oil/Gas/Petroleum Industry

Invest in an important service for the oil and gas industry that creates significant environmental and worker safety improvementsThe BusinessThe Company specializes the refinishing of drilling tools, components, refinery parts and offshore equipment through the use of...

Abrau Durso begins public flotation

Just-Drinks 11 April 2012 Abrau Durso has floated on the Moscow Stock exchange today (11 April). Shares in Russia’s oldest sparkling wine house are being offered at RUB5,324 (US$179.34) each. Speaking to just-drinks, company director Pavel Titov said that the...