May 27, 2013 | Central & Eastern Europe, News, Russia
Rail freight operator Globaltrans denied Sunday that it was in merger talks with NefteTransService, Interfax reported. Industry sources said Friday that Globaltrans and NefteTransService were in talks on a merger that would create a business with sales of $2.7 billion...
May 27, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 27 May 2013 RT-Invest, the investment arm of the Russian Technologies State Corporation, has launched a closed private equity fund called “RT-Invest Global Technology I”. The new fund is in fact a sub-fund of the $400 million Global...
May 26, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 24 May 2013 May 24 (Reuters) – Onexim, an investment vehicle of Russian billionaire Mikhail Prokhorov, has sold a 6.5 percent stake in Renaissance Credit bank, the newspaper Vedomosti reported, citing the bank’s CEO Alexei Levchenko....
May 24, 2013 | Central & Eastern Europe, News, North America, Russia
East-West Digital News 23 May 2013 The Grishin Robotics investment company, established by Mail.ru Group CEO Dmitry Grishin, announced yesterday that it has invested $500,000 in Swivl, a robotic video platform for iOS devices. This funding round brings the total...
May 24, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 24 May 2013 Luxoft, a major offshore software developer headquartered in Moscow, announced today that it has filed a registration statement for a proposed initial public offering of its Class A ordinary shares. The book-running managers in the...
May 24, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News 24 May 2013 Rosinfocominvest, a government fund set up to invest in IT and telecom projects, is shortly expected to recommence its operations as a co-investor in IT startups, after six years of virtual inactivity, the Russian Ministry of Telecom...
