May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 22 May 2013 Russneft CEO Mikhail Gutseriyev paid $20 million for 41 percent of Krasnaya Polyana, which is building a ski resort in Sochi, he said in an interview with the Dozhd television channel, Vedomosti reported Wednesday. He said a friend of his,...
May 23, 2013 | Africa, Central & Eastern Europe, MENA, News, Russia
Moscow Times 22 May 2013 VimpelCom’s talks to sell a controlling stake in its Algerian mobile business Djezzy to Algeria are at a delicate stage but have not failed, a source with knowledge of the discussions said on Wednesday. Algeria wants to nationalize...
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 21 May 2013 Russian cell phone retailer Svyaznoi plans to attract $200 million in a private placement organized by Sberbank CIB with businessman Leonard Blavatnik believed to be interested, a news report said Monday, citing a source close to the...
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 21 May 2013 The government’s stake in oil company Rosneft could be cut from 75 percent to 51 percent in the future, Prime Minister Dmitry Medvedev said. “We could bring the stake down to 51 percent,” Medvedev told reporters on Saturday....
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 22 May 2013 LONDON — The country’s second-largest bank VTB expects to close its $3.3 billion offering of new shares by the end of the week, with three sovereign wealth funds investing about $500 million each, chief executive Andrei Kostin said....
May 23, 2013 | Central & Eastern Europe, News, Russia
Moscow Times 22 May 2013 Igor Kim snapped up cast-off assets from foreign banks pulling out of Russia, and now the banker says he wants to expand into Europe. Kim, 47, emerged with his partners as an asset consolidator after the global crash of 2008 forced Western...
