Rostelecom Inks Deal to Buy Norilsk Telecom

Aug 24, 2012 | News

Moscow Times 24 August 2012 Rostelecom has signed a memorandum of intent to buy Norilsk Telecom from investment bank CIT Finance, two unidentified consultants said. The report was confirmed by sources close to Rostelecom and CIT Finance. Spokespeople for Rostelecom,...

L Capital backs Indian cinema operator PVR

Aug 22, 2012 | India, News

Asian Venture Capital Journal 3 August 2012 L Capital, the private equity arm of luxury group LVMH, will invest just under INR1.1 billion ($19.4 million) in cinema and entertainment company PVR for a 10% stake. As part of the deal, L Capital will set up a joint...

Telenor to auction India telecom business, Unitech opposes

Aug 22, 2012 | India, News

IBN Live 1 August 2012 New Delhi: Intensifying row with its minority stakeholder, Norway’s Telenor-controlled Indian venture Uninor on Wednesday put on auction its entire telecom business for a minimum of Rs 4,000 crore, a move opposed strongly by Unitech. The...

Slavneft Sells Refinery

Aug 22, 2012 | News

Moscow Times 21 August 2012 Slavneft, a joint venture of TNK-BP and Gazprom Neft, has sold the Slavneft Yaroslavl-Mendeleyev Refinery, also known as Rusoil, for 21 million rubles ($657,000), the joint venture said in a financial statement, Interfax reported. Slavneft...

Tasting the Eastern promise: Top 10 VC companies investing in Russia

Aug 20, 2012 | News

Venture Village 8 August 2012 The growth of the internet in Russia to its current 60 million users, the strong technical background of Russian software engineers and the sound entrepreneurial skills of local managers have attracted major money to the market. According...