Nov 28, 2013 | Central & Eastern Europe, News, Russia
Reuters – Russian drugstore company Pharmacy Chain 36.6 is to merge with rival chain A.V.E. and issue additional shares, in a step to consolidate a fragmented sector, the company said in a statement on Thursday. Pharmacy Chain 36.6, with a market value of $68...
Nov 25, 2013 | Central & Eastern Europe, News, North America, Russia
MOSCOW, Nov 21 (Reuters) – Veteran emerging markets investor Mark Mobius said on Thursday he had sold his fund’s stake in Russia’s TNK-BP Holding, walking away from his attempt to get a better buyout deal from the firm’s new owner, Rosneft. *...
Nov 24, 2013 | Central & Eastern Europe, News, North America, Russia
The Moscow Times U.S. asset management giant BlackRock pulled more than $100 million from its Russian investments over a seven-day period beginning last week, Prime reported Friday.The amount is about a third of the investment that BlackRock, the world’s largest...
Nov 24, 2013 | Central & Eastern Europe, News, Russia
Reuters – Russian investment bank VTB Capital raised $95.2 million from the sale of its stake in software developer Luxoft through a secondary public offering on Friday. The sale of 2.8 million shares, or around 9 percent, was priced at $34 per share, Luxoft...
Nov 24, 2013 | Central & Eastern Europe, News, Russia, Western Europe
MILAN/MOSCOW, Nov 20 (Reuters) – Russia’s Novatek and Gazprom Neft agreed to pay $2.94 billion for Italian oil and gas group Eni’s stake in gas producer SeverEnergia, clashing with Kremlin-controlled Rosneft as domestic gas reform looms. * Italian...
