UMMC to Buy Czech Aircraft Manufacturer
Ural Mining and Metallurgical Company will become the full owner of Czech aircraft manufacturer LET after putting a deal in place to buy Pamco’s 49-percent stake in the company, a news report said Friday.
Prostor Capital plans to launch new $60 million fund
East-West Digital News The dramatic growth of the Russian venture industry – which was virtually inexistent just 5 years ago – was illustrated earlier this month by Prostor Capital’s announcement of plans to create a second, $60 million fund. With $20 million...
MegaFon announces over $200 million investment for 2014 Sochi Olympics
East-West Digital News MegaFon, a leading Russian mobile operator, has announced a $130 million commitment to building and upgrading the 2014 Sochi Winter Olympics’ telecommunications infrastructure. In an exchange last week with the Russian news agency 1Prime, Tigran...
Morgan Stanley Sells Half of Metropolis Mall
The Moscow Times Morgan Stanley sold a 50 percent stake in Moscow’s Metropolis shopping mall to a joint venture of U.S. real estate firm Hines and a California pensions managing agency in a deal which might be valued at over $600 million, a media report said....
Russian Startups Tune Mission and Gain Experience in Boston
Moscow Times BOSTON — In the city where the American revolution began in the 1770s and the east coast dot-com revolution was launched more than 200 years later, four teams of young Russian entrepreneurs are working to revolutionize the way the world sees high-tech...