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Baring Vostok Funds Pocket $327M From Yandex Stake Sale

Baring Vostok Funds Pocket $327M From Yandex Stake Sale

Sep 10, 2013 | Central & Eastern Europe, News, Russia

The Moscow Times Sept 11 Funds advised by private equity company Baring Vostok have made a huge profit after selling off a 3 percent stake in Yandex for $327 million, a move that reflects a growing trend among the search engine’s shareholders. A notification...
Report Says Kerimov Could Sell Uralkali Stake

Report Says Kerimov Could Sell Uralkali Stake

Sep 9, 2013 | Central & Eastern Europe, News, Russia

The Moscow Times Billionaire Suleiman Kerimov may sell his stake in Uralkali, the world’s largest potash miner by output, financial media reported on Monday citing sources. An offer has been made to the tycoon, who has been accused of abuse of power by Belarus...
Pharmstandard to Spin Off Over-the-Counter Business

Pharmstandard to Spin Off Over-the-Counter Business

Aug 30, 2013 | Central & Eastern Europe, News, Russia

The new company that is going to take over major drugmaker Pharmstandard’s over-the-counter business will assume the name OTCpharm, a news report said Thursday.

Russia’s Pharmacy Chain 36.6 sells Veropharm stake

Russia’s Pharmacy Chain 36.6 sells Veropharm stake

Aug 30, 2013 | Central & Eastern Europe, News, Russia

MOSCOW Aug 29 (Reuters) – Indebted Russian drug store chain Pharmacy Chain 36.6 is selling its stake in drug producing unit Veropharm for 5 billion roubles ($151 million) as part of a business restructuring. The company said in a statement it had agreed to sell...
Abramovich to buy Moscow office complex for up to $800 million

Abramovich to buy Moscow office complex for up to $800 million

Aug 29, 2013 | Central & Eastern Europe, News, Russia

(Reuters)MOSCOW Aug 27, 2013 Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia’s second-largest office deal, three sources told Reuters. White Gardens, a...
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