Slavneft Sells Refinery

Aug 22, 2012 | News

Moscow Times 21 August 2012 Slavneft, a joint venture of TNK-BP and Gazprom Neft, has sold the Slavneft Yaroslavl-Mendeleyev Refinery, also known as Rusoil, for 21 million rubles ($657,000), the joint venture said in a financial statement, Interfax reported. Slavneft...

Tasting the Eastern promise: Top 10 VC companies investing in Russia

Aug 20, 2012 | News

Venture Village 8 August 2012 The growth of the internet in Russia to its current 60 million users, the strong technical background of Russian software engineers and the sound entrepreneurial skills of local managers have attracted major money to the market. According...

Russia-linked Company Invests in Asteroid Mining

Aug 20, 2012 | News

Moscow Times 17 August 2012 A Russia-linked company has invested in a space venture worthy of a science fiction novel, betting that asteroids could be mined for gold and platinum. The company, called I2BF Global Ventures, put its money on U.S.-based Planetary...

Carlyle buys 10% stake in Infotech

Aug 17, 2012 | India, News

IndiaPE.com Private equity giant Carlyle Group has acquired about 10% stake in Infotech Enterprises in a booster deal for India’s mid-tier IT services story. Carlyle picked up shares through stock exchange transactions on Wednesday, joining another private equity...

Maxis in talks to sell India unit to Sistema

Aug 17, 2012 | India, News

IndiaPE.com 21 July 2012 Malaysia’s Maxis Communications Bhd. has held preliminary discussions with bankers representing Sistema JSFC about the sale of its Indian unit Aircel Ltd. to the Russian firm, the Economic Times reported Wednesday, citing an executive close to...

Russian Railways Considers London IPO

Aug 16, 2012 | News

Moscow Times 16 August 2012 Russian Railways, which is now valued at 1.7 trillion rubles ($53 billion), is considering London as a possible venue for a flotation as part of the government’s privatization program for the period until 2016, said the...