Jun 3, 2013 | Central & Eastern Europe, MENA, News, Russia
(Reuters) – Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in Egypt’s Orascom Telecom after the Egyptian regulator rejected its attempt to reopen its earlier tender. Orascom Telecom, a heavyweight...
May 31, 2013 | Central & Eastern Europe, News, Russia
May 31 (Reuters) – PIK Group, one of Russia’s largest home builders, said on Friday it would raise $275 million through a share issue to reduce debt and fund investments. The company, in which Suleiman Kerimov’s investment vehicle Nafta Moskva owns a...
May 30, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 30 May 2013 Billionaire Mikhail Prokhorov’s Onexim group bought a stake in state bank VTB worth more than $400 million in a share offering earlier this month, a news report said Wednesday. Another billionaire, Suleiman Kerimov, also increased his...
May 29, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 29 May 2013 National air carrier Aeroflot could soon take over one of three of its main competitors, Transaero, UtAir, or Sibir, a news report said Tuesday. No specific decisions have been made yet, but according to a government source, Aeroflot’s...
May 26, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 24 May 2013 May 24 (Reuters) – Onexim, an investment vehicle of Russian billionaire Mikhail Prokhorov, has sold a 6.5 percent stake in Renaissance Credit bank, the newspaper Vedomosti reported, citing the bank’s CEO Alexei Levchenko....
