Russia’s Mostotrest to buy stake in road building firm

Reuters 12 November 2012 Russia’s largest bridge builder Mostotrest has agreed to buy a 50 percent stake in North-West Concession Company (NWCC) for 7.8 billion roubles ($245 million) to diversify its operations, the company said on Monday. Mostotrest said that...

UTAir Mulls Foreign IPO to Raise Up to $350M

Moscow Times 13 November 2012 UTAir, Russia’s third-biggest airline, is considering raising $100 million to $350 million via a share float abroad. Igor Petrov, the company’s financial director, said UTAir’s controlling shareholders would decide about...

Sistema Inks Deal to Take Over Agros Group

Moscow Times 31 October 2012 AFK Sistema has signed a non-binding agreement to buy 100 percent in Argos Group, the largest independent group in the Western European downstream oil market. “The contemplated transaction is subject to completion of due diligence...

Online Medical Startup Attracts $2M in Investment

Moscow Times 31 October 2012 A Russian venture-capital fund and an American investor have agreed to invest $2 million in VitaPortal, an online medical startup aiming to improve Russians’ access to information on doctors, medicine and healthy living. The...

KupiVip raises $12 million from Polish investor

East-West Digital News 25 October 2012 KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $12 million from Warsaw-headquartered MCI Management, a multi-stage technology private equity group operating in Central and Eastern...