Globaltrans Buying Metalloinvest Freight Unit for $540M

Moscow Times 28 April 2012 Freight firm Globaltrans Investment is buying the railcar unit of iron-ore miner Metalloinvest for $540 million, boosting its fleet to about 60,000 units, it said Friday, as it forecast more consolidation for the sector. As part of the deal,...

Barrick Gold Sells Stake in Russia’s Highland Gold

Reuters 27 April 2012 Canada’s Barrick Gold, the world’s largest gold producer, sold its 20.37 percent stake in Russia’s Highland Gold to institutional investors for £79.5 million ($128 million), Highland said Thursday. Barrick sold 66,235,264...

Nizhny Novgorod to create engineering companies with RUSNANO

Marchmont Innovation News 25 April 2012 Anatoly Chubais, the head of state-owned nanotechnological company RUSNANO, believes that Nizhny Novgorod region could create engineering companies to carry out innovative projects, VOLGA-Lentaregion reports. “Nizhny Novgorod...

VTB Invests in Online Start-Up FLV

Moscow Times 25 April 2012 Fast Lane Ventures, a backer of Russian online start-up firms, has raised $18 million from investors led by VTB Capital, signaling rising investor appetite for Russia’s Internet market. The cash will be used to develop FLV’s...