Feb 27, 2013 | Central & Eastern Europe, News, Russia
Russian telecom operator TTK has announced the completion of an across-the-board buyout of 18 regional subsidiaries previously owned by Russian Railways, the national rail operator and TTK’s sole shareholder. To accomplish the task, TTK in December sold 1.069 billion...
Feb 26, 2013 | Events, News, Western Europe
Feb 26 (Reuters) – European investors gathered in Berlin for the annual SuperReturn conference are reluctant to toast the return of big-ticket takeovers in 2013, even though U.S. peers have long since popped the champagne corks. Buy-out houses, which buy and...
Feb 26, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, Feb 27 (Reuters) – Russia is pushing ahead with plans to sell stakes in diamond miner Alrosa and port operator Novorossiisk Commercial Sea Port as part of a privatisation drive, the State Property Agency said on Wednesday. Novorossiisk port stake to go...
Feb 26, 2013 | Central & Eastern Europe, News, Russia
DUBAI/LONDON, Feb 26 (Reuters) – Qatar’s sovereign wealth fund has hired UBS to advise on a possible $3 billion investment in Russian state-controlled bank VTB, three people with direct knowledge of the matter said. VTB has been working on a capital...
Feb 26, 2013 | News, Russia
Moscow Times 26 February 2013 Russian-focused Renaissance Capital will strip itself down to a pure-play investment bank and sell all noncore assets after its business divorce from founder Stephen Jennings, its CEOs said.
