Apr 5, 2013 | Central & Eastern Europe, News, Russia
A group of e-commerce entrepreneurs from Rostov-on-Don in southern Russia has secured $300,000 in equity investment – including $200,000 from the Moscow Seed Fund and $100,000 from angel investor Andrei Golovin – to launch Sendmebox, a platform to help Russian online...
Apr 3, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, April 1 (Reuters) – LUKOIL, Russia’s second-largest crude oil producer, agreed to acquire small producer Samara-Nafta for $2.05 billion from Hess Corp as part of a long-term strategy to stabilise falling oil output. Samara-Nafta produces 50,000...
Apr 3, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, April 2 (Reuters) – Russian oil-to-telecoms conglomerate Sistema said on Tuesday its stake in Binnopharm decreased to 74 percent as the unit merged assets with infusion solutions and blood substitutes maker Alium. Sistema, which previously held 100...
Apr 3, 2013 | Central & Eastern Europe, France, News, Russia
Kima Ventures, the fund started by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, along with angel investors Fabrice Grinda, Jose Marin, and Alexander Aivazov, have teamed up to invest in Martmania, an online marketplace focused on trading...
Apr 3, 2013 | Central & Eastern Europe, News, Russia
Moscow April 2 (Reuters) – Russia’s largest steelmaker Evraz said on Tuesday it had acquired a controlling stake in an iron ore project in Russia’s far-Eastern Yakutia region for 4.95 billion roubles ($160 million). The company, controlled partly by...
Apr 1, 2013 | Central & Eastern Europe, MENA, News, Russia
(Reuters) – Egypt’s stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman’s Altimo had offered to buy 100 percent of Egypt’s Orascom Telecom. The $3.7 billion offer from a Cyprus-based firm owned by Altimo is at a...
