Inter RAO Lietuva plans Warsaw IPO – shareholder

Reuters 2 October 2012 Inter RAO Lietuva, a Baltic electricity trader 51 percent owned by Russia’s Inter RAO, plans to hold an initial public offering in Warsaw at the end of 2012 or the beginning of 2013, an Inter RAO official said. Ilnar Mirsiyapov, a board...

Sonata to sell 50.1% stake in TUI InfoTec for up to $15M

VCCircle 1 October 2012 The IT consulting and software services firm has sold its stake in the loss making JV for less than what it acquired it for six years ago. Sonata Software’s wholly owned subsidiary Sonata Europe has struck a deal to sell its 50.1 per cent stake...

Narr8 raises $4 million to animate Russian and US tablets

East-West Digital News 28 September 2012 Igor Matsanyuk, a prominent figure in the Russian Internet and online game industry, and now the owner of Imi.vc, a Russian venture capital firm that funds innovative mobile apps, has invested $4 million in Narr8, Russian IT...

Anywayanyday seeks to raise $40 million ahead of possible IPO

East-West Digital News 26 September 2012 Anywayanyday.com, a popular Russian online retailer of air tickets, has mandated Merrill Lynch to secure a $40 million round of financing, the Russian business daily Kommersant reported yesterday, citing unnamed sources. The...