Apr 3, 2013 | Central & Eastern Europe, News, Russia
Moscow April 2 (Reuters) – Russia’s largest steelmaker Evraz said on Tuesday it had acquired a controlling stake in an iron ore project in Russia’s far-Eastern Yakutia region for 4.95 billion roubles ($160 million). The company, controlled partly by...
Apr 1, 2013 | Central & Eastern Europe, MENA, News, Russia
(Reuters) – Egypt’s stock exchange said on Sunday a subsidiary of Russian billionaire Mikhail Fridman’s Altimo had offered to buy 100 percent of Egypt’s Orascom Telecom. The $3.7 billion offer from a Cyprus-based firm owned by Altimo is at a...
Mar 31, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, March 29 (Reuters) – Russia’s top mobile phone operator MTS said on Friday it has acquired a 25.1 percent stake in MTS Bank for 5.1 billion roubles ($164 million) by buying additional shares issued by the bank. The deal was concluded in accordance...
Mar 29, 2013 | Central & Eastern Europe, News, North America, Russia
RVC USA, the Boston-based representative office of the Russian state-owned fund of funds RVC, is raising a new venture fund to back US startups with connections to Russia and help Russian startups enter the US market. While the Russian government might raise $20...
Mar 29, 2013 | Central & Eastern Europe, News, Russia
Leading Russian payment operator Qiwi filed a registration statement with the U.S. regulator, the SEC (Securities & Exchange Commission) on Wednesday, to raise up to $100 million from an initial public offering. J.P. Morgan and Credit Suisse will act as joint...
Mar 29, 2013 | Central & Eastern Europe, News, Russia
Two major Russian Internet groups – Rambler-Afisha and SUP Media – have announced plans to merge, creating an entity that will have a combined audience of 35 million users. The two firms claim they will have the third-largest Internet audience in Russia after the...
