May 27, 2013 | Central & Eastern Europe, News, Russia
Rail freight operator Globaltrans denied Sunday that it was in merger talks with NefteTransService, Interfax reported. Industry sources said Friday that Globaltrans and NefteTransService were in talks on a merger that would create a business with sales of $2.7 billion...
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 21 May 2013 The government’s stake in oil company Rosneft could be cut from 75 percent to 51 percent in the future, Prime Minister Dmitry Medvedev said. “We could bring the stake down to 51 percent,” Medvedev told reporters on Saturday....
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 21 May 2013 Russian cell phone retailer Svyaznoi plans to attract $200 million in a private placement organized by Sberbank CIB with businessman Leonard Blavatnik believed to be interested, a news report said Monday, citing a source close to the...
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 22 May 2013 Igor Kim snapped up cast-off assets from foreign banks pulling out of Russia, and now the banker says he wants to expand into Europe. Kim, 47, emerged with his partners as an asset consolidator after the global crash of 2008 forced Western...
May 16, 2013 | Africa, News
Moscow Times 17 May 2013 Oil trader Gunvor, co-owned by businessman Gennady Timchenko, in January bought a 9.9-percent stake in Swedish oil and gas company PA Resources, a news report said Thursday, citing the company’s corporate materials. As a result of the...
