Jun 4, 2013 | Central & Eastern Europe, News, Russia
MOSCOW May 30 (Reuters) – The naming of a former chief executive of Russia’s state-controlled telecoms company Rostelecom to run Tele2-Russia has increased expectations of a merger between the pair, analysts said on Thursday. Such a deal would create a...
Jun 4, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 4 June 2013 Treolan, a dynamic, Moscow-based distributor of hardware and software products, announced last week the takeover of Safeline, a leading, six-year-old, multivendor distributor of IT security solutions in Russia and the former USSR....
Jun 3, 2013 | Central & Eastern Europe, News, Russia
Prostor Capital announced yesterday that it has purchased a 25% stake in online ad management startup CPAExchange in a seed funding round. Neither the exact amount of the investment nor the company’s valuation have been disclosed. Founded in 2012, CPAExchange is a...
Jun 3, 2013 | Central & Eastern Europe, MENA, News, Russia
(Reuters) – Russian firm Altimo said on Sunday it had no plans to launch a new offer to buy out minority shareholders in Egypt’s Orascom Telecom after the Egyptian regulator rejected its attempt to reopen its earlier tender. Orascom Telecom, a heavyweight...
May 31, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, May 29 (Reuters) – Russia’s Tinkoff Credit Systems (TCS), which has Wall Street bank Goldman Sachs as a backer, is talking to banks ahead of a possible initial public offering (IPO), sources said on Wednesday. The credit card supplier, founded and...
May 31, 2013 | Central & Eastern Europe, News, Russia
May 31 (Reuters) – PIK Group, one of Russia’s largest home builders, said on Friday it would raise $275 million through a share issue to reduce debt and fund investments. The company, in which Suleiman Kerimov’s investment vehicle Nafta Moskva owns a...
