Billionaires Gain Power in Deal for Hotels

May 22, 2012 | News

Moscow Times 22 May 2012 The $982.5 million sale of four development properties, including two luxury hotels, is moving Bidzina Ivanishvili a step closer to becoming a presidential candidate in Georgia and the Gutseriyev-Shishkhanov family closer to seizing the luxury...

VTB Capital buys stake in Siberian gold miner Zapadnaya

May 21, 2012 | News

Reuters 21 May 2012 VTB Capital, an investment arm of VTB (VTBR.MM), Russia’s No.2 lender, has acquired a minority stake in Siberian gold miner Zapadnaya Gold Mining, which tried unsuccessfully to list in London last year. VTB Capital did not disclose the size...

Summa Reported to Buy FESCO

May 21, 2012 | News

Reuters via Moscow Times 21 May Investment and trading group Summa has agreed with businessman Sergei Generalov to buy control of transportation group FESCO for about $1 billion, an industry source familiar with the deal said Friday. Summa, involved in renovating the...

Chinese Seeking ‘Beauty’ in Russian Investment

May 21, 2012 | News

Moscow Times 21 May 2102 Heavyweight Chinese infrastructure investors are moving toward putting their money into big projects across Russia, a market they described as “empty” during a presentation in Moscow Friday. Russian government officials are pushing...