Sistema Shares Rise on Bid for 25% of Freight One

Sep 25, 2012 | News

Bloomberg 25 September 2012 Billionaire Vladimir Evtushenkov’s AFK Sistema rose after saying it plans to compete for state-run OAO Russian Railways’ 25 percent stake in OAO Freight One in October. Sistema gained as much as 1.9 percent before closing up 0.4 percent at...

Promsvyazbank Goes Ahead With $500M IPO

Sep 25, 2012 | News

Moscow Times 25 September 2012 Promsvyazbank, one of Russia’s biggest privately owned lenders, announced Monday that it will proceed with a $500 million listing in London and Moscow. The move comes less than a week after market leader Sberbank’s $5.2...

ICVL to finalise overseas coal acquisition deal soon

Sep 23, 2012 | India, News

Business Line 21 September 2012 Hyderabad: International Coal Ventures Ltd, a joint venture company floated by five cash-rich state-owned companies to buy coal assets overseas, is likely to finalise at least one deal by the end of this fiscal. C.S. Verma, Chairman of...

Jhunjhunwala ups stake in Geometric

Sep 22, 2012 | India, News

Business Line 20 September 2012 Mumbai: Ace investor Rakesh Jhunjhunwala today purchased a 4.5 per cent stake in Godrej group firm Geometric Ltd from a foreign fund of Credit Suisse for about Rs 30 crore. With today’s purchase of 28.26 lakh shares, the cumulative...

BP may buy Rosneft stake as part of TNK-BP exit

Sep 22, 2012 | News

Reuters 21 September 2012 SOCHI, Russia, Sept 21 (Reuters) – British oil company BP wants to buy a stake in Russian state-controlled peer Rosneft, adding a new dimension to a long-running struggle for control of a big chunk of the country’s oil production....