Blackrock to invest in Russia’s MICEX

Investment Europe 28 September 2012 Leading investment firm Blackrock plans to invest in the Moscow MICEX-RTS stock exchange, marking its first direct investment into Russia, according to local news sources. Russia’s news provider Vedomosti said the investment...

TNK-BP co-owners to bid for entire BP stake

Reuters 26 September 2012 To make binding, all-cash offer by mid-October – source No price determined for 50 pct stake AAR had proposed $10 bln for 25 pct in TNK-BP Financing to come from borrowing against TNK-BP The billionaires who own half of Russian oil firm...

Megafon could acquire leading mobile phone retailer Euroset

East-West Digital News 26 September 2012 On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile...

Mechel Puts Multibillion-Dollar Assets Up for Sale

Moscow Times 27 September 2012 Coal and steel conglomerate Mechel announced it will sell its assets in eastern Europe and some Russian holdings and might also sell a 25 percent interest in its mining division, Mechel Mining. Mechel expects to raise $1.5 billion to $2...