Apr 23, 2013 | Central & Eastern Europe, News
LONDON, April 23 (Reuters) – Private equity group Warburg Pincus has bought a stake of just under 50 percent in Polish cable operator INEA, providing funding to expand its network and make acquisitions. INEA, the fourth largest cable operator in Poland, said...
Apr 23, 2013 | Central & Eastern Europe, News, Russia
Moscow (Reuters) – Russia’s Otkritie Financial Corp, which is in the process of buying banking group Nomos, has dropped plans to merge Nomos with its Otkritie Bank and a third party in favour of a looser tie up. Alexey Karakhan, Otkritie Financial...
Apr 23, 2013 | Central & Eastern Europe, News, Russia
Peter Löscher, Siemens’ CEO and president, said at a press briefing earlier this month that his company is investing €40 million in Russia with plans to set up as many as 90 different R&D centers in tight cooperation with Skolkovo. It is the first German company...
Apr 23, 2013 | Central & Eastern Europe, News, Russia
In a controversial TV program aired yesterday, Ilya Shcherbovich, the president of the UCP fund, which has just acquired a 48% stake in Vkontakte, brought some clarity to his strategy as a major shareholder of Russia’s first social network. Shcherbovich...
Apr 23, 2013 | Central & Eastern Europe, News, Russia
Russian authorities have asked tycoon Vladimir Potanin to invest in Alrosa during the upcoming sale of a 14 percent government stake in the diamond producer, Kommersant reported Monday, citing sources. According to market participants, Suleiman Kerimov, Alfa Group and...
Apr 23, 2013 | Brazil, Central & Eastern Europe, Latin America, News, Russia, Southeast Asia
Brasilia (Reuters) – OGX Petroleo e Gas SA, the flagship of Brazilian billionaire Eike Batista’s troubled EBX group, is negotiating the sale of a 40 percent stake to Russia’s Lukoil in a rescue plan that also involves Malaysia’s Petronas, a...
