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  • VimpelCom Extends Value Sharing Agreement with Weather Investments II

    VimpelCom Ltd, a leading global provider of telecommunications services, Tuesday announced that it has agreed with Weather Investments II S.a.r.l. (Weather II) to extend to November 15, 2011 VimpelCom’s option to enter into the value sharing arrangement with Weather II with respect to Orascom Telecom Algerie.

  • Sberbank acquires 100 per cent stake of Insurance Company Allianz Life

    Sberbank of Russia Monday announced the signing of an agreement with the insurance company Allianz Life and ZAO “Insurance Shareholder Company “Allianz” for the acquisition of OOO “Insurance Company Allianz Life” (IC Allianz Life).

    The transaction involves acquisition of 100% of share capital in IC Allianz Life. The current shareholder of the Company is ISC “Allianz”.

    The parties agreed to close the transaction before the end of 2011. The price of the transaction is not disclosed.

  • MegaFon launches unique Content Delivery Network in Russia

    Russia’s major telecoms company, MegaFon, recently launched into operation a unique, one of its kind Russia network for content delivery. The company is targeting providing access to global content resources for the Russian market.
    According to MegaFon, one of the practical applications of the project rolled out on the base of CDNetworks solution will be live streaming of the 2014 Winter Olympic Games from Sochi to the rest of the world.

  • Unilever acquires majority stake in Russia’s leading beauty company

    Unilever Friday announced the acquisition of a majority, 82% stake in Russia’s leading beauty company, Concern Kalina. The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB 21.5 billion (€ 500 million). Unilever is one of the world’s leading consumer goods companies.

  • China Development Bank (CDB) agrees to $1.5 billion financing for Taishet aluminum smelter

    China Development Bank is to invest an estimated U.S. $1.5 billion financing for the first stage of Russia’s Taishet aluminum smelter in the Irkutsk Region. The Chinese bank reached a partnership agreement for the investment with Russia’s state owned Vnesheconombank (VEB).

    On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of CDB – by Executive Vice President Mr. Gao Jian.

  • China's sovereign-wealth fund to invest $1 billion in Russian Fund

    China Investment Corp., the Chinese sovereign wealth fund, is to invest around $1 billion in a Kremlin-backed Russian fund, the Wall Street Journal reported Wednesday. The Chinese will invest the amount in an existing Russian investment vehicle.

    The agreement was reached between Russia’s Prime Minister Vladimir Putin and China's Wen Jiabao during a meeting in Beijing. However, the countries are still engaged in long standing negotiations over planned natural gas pipelines, said the Dow Jones.

  • CapMan Russia picks up 29% stake in Lumex Instruments

    Russia’s foremost private equity fund managed by Capman, Capman Russia, has acquired a 29% share in a Russian laboratory analytical equipment manufacturer Lumex Instruments.

    With operations in Russia, the CIS, China, the European Union, the USA and Canada, the company aims at becoming the leading player in its field globally. In the coming years, CapMan will accelerate Lumex’s international expansion.

  • Elbrus Capital establishes Strela Telecom through acquisition of broadband and cable TV providers

    Elbrus Capital has established Strela Telecom through acquisition of 8 providers of broadband internet and cable TV in Russian regions.

    Strela Telecom focuses on smaller Russian regional cities with population between 100 and 600 thousand, particularly in Siberia and Far East. These markets are fragmented, significantly under penetrated and provide high growth potential as more consumers are demanding superior quality and high speed service, noted a company release.

  • Russian Helicopters reforms its acquisition activities to benefit subsidiaries and suppliers

    Russian Helicopters, the holding company controlling the Russian rotorcraft industry assets and a subsidiary of United Industrial Corporation Oboronprom, has started reforming its acquisition activities, including the processes leading to the rendering of services, delivery of equipment, materials, parts, and units – everything necessary for the business of the holding company.

  • Total S.A signs agreement to jointly develop the Yamal LNG project with Novatek

    Total Thursday signed with Novatek the final agreements to jointly develop the Yamal LNG project. The move makes Total the main international partner on this gas liquefaction project with a 20% share. Novatek intends to keep at least a 51% interest in the project.

  • WPP subsidiary agrees to acquire majority stake in Promo Digital, in Russia

    WPP announces that its wholly-owned operating company Ogilvy & Mather, the global marketing communications group, has agreed to acquire a majority stake in Promo Digital LLC in Russia (Promo), subject to obtaining regulatory approvals.
    Founded in 1997 and based in Moscow, Promo is a digital marketing services agency which specializes in creating internet, mobile and multimedia campaigns for a variety of clients in Russia. The agency employs 53 people and major clients include Gazprom, LG and MTS.

  • Integra Group completes acquisition of Russia’s SIAM Company

    Integra Group Tuesday announced that it has completed the deal for the acquisition of SIAM Company (SIAM), a leading Russian oilfield services company specializing in wireline and slickline services, production logging and testing.

    Integra paid RR2.2 billion (US$71 million) which was financed by a combination of internal cash resources and use of existing debt facilities. The Company has been acquired on a cash free and debt free basis.

  • IMG completes acquisition of a 27% stake in a large-scale residential project in Volgograd, Russia

    Investment Management Group (IMG) has completed the acquisition of a 27% stake in a large-scale residential project in Volgograd, Russia, on behalf of its Russia Development Fund.

    The residential project, located in the geographical center of Volgograd, was designed by the international architectural firm Nikken Sekkei and will introduce a unique mixed-use concept to the city. The project will consist of both business-class and affordable residential housing, with a gross building area of approximately 250,000 m² built on a 12.4 ha land plot.

  • Russia’s Yandex invests $15 million in US creator of the search engine

    Russia’s internet search giant Yandex Friday announced a $15 million investment in the U.S. company blekko, creator of the search engine

    Yandex’s investment was a part of a $30 million funding round, with Yandex as the lead investor. Also participating in the round were an Australian investor, MLC Private Equity, and existing investors U.S. Venture Partners, CMEA Capital and PivotNorth Capital. Along with the investment Yandex acquired a minority interest in the company.

  • Kinross Gold Corp. acquires White Bear Resources Inc.

    Kinross Gold Corporation announced Friday that it has subscribed for 2,350,000 units of White Bear Resources Inc. (White Bear) pursuant to a private placement. Each unit consists of one common share and one share purchase warrant.

  • Coca-Cola in new Russian investment program of US$3 billion over the next five years

    The Coca-Cola Company and its bottling partner, Coca-Cola Hellenic, announced a new Russian investment program of US$3 billion over the next five years, commencing 2012, as part of the official opening of a new Coca-Cola plant in Rostov region.

    Muhtar Kent, Chairman and CEO of The Coca-Cola Company, and George David, Chairman of Coca-Cola Hellenic Bottling Company, Tuesday officially opened Coca-Cola Hellenic’s newest plant in Europe, located in the Rostov region of Russia.

  • Germany’s BASF signs fertilizer supply contract with Russia’s EuroChem

    BASF has signed a contract with EuroChem, Moscow, Russia, to sell its fertilizer activities in Antwerp, Belgium. BASF also plans to sell its 50% share of the joint venture PEC-Rhin in Ottmarsheim, France, to EuroChem.

    The total transaction value is expected to be approximately €700 million. The divestments are subject to approval by the appropriate antitrust authorities. BASF plans to complete the transactions by the end of the first quarter of 2012.

  • Russia’s ABBYY in Fresh Reseller Agreement in North America

    ABBYY®, a leading provider of document recognition, data capture, and linguistic technologies and professional services, Tuesday announced that it has entered into a certified partner reseller agreement with Xerox Corporation.
    Under the new agreement, Xerox will resell ABBYY’s FlexiCapture and Recognition Server solutions to its United States, Canada and Mexico customer base as an offering for Xerox DocuShare, extending ABBYY’s reach in these key regions.

  • NMDC Limited to acquire a coking coal asset in Russia

    According to Mining Weekly, India’s largest iron-ore miner NMDC Limited is set to acquire a coking coal asset in Russia within the next fortnight.

    NMDC chairperson and MD Rana Som was quoted saying the company is looking at a coking coal asset of around 70-million tons that is small and manageable.

    According to Som, the company has sent a team for conducting due diligence and it will return on Sunday.

  • German’s SAP AG to invest a total of US$1.3 billion in its business in Russia and the CIS

    The Vedomosti Business Daily Friday reported that German software developer SAP AG, one of the world’s leading vendors of business management solutions, intends to invest a total of €1 billion (US$1.3 billion) in its business in Russia and other CIS countries by 2015.

  • Uralkali eyeing further expansion to benefit from rising prices and increased fertilizer demand from farmers

    Reuters Friday reported that Russia’s leading fertilizer manufacturer and the world’s number 2 is eyeing further expansion of its capacity. Urakali recently became the world’s second largest fertilizer producer after acquiring its domestic rival Silvinit.
    The expansion move is targeted at taking advantage of rising prices and increased demand from farmers.

  • Takedown Entertainment to acquire worldwide distribution rights to past and future MMA fights with Modern Pankration

    Takedown Entertainment Inc. (TKDN), an authority in the business of mixed martial arts, signed a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with Modern Pankration, plus certain brand and sponsorship rights.

    Founded in 2001 in Khabarovsk, Russia, Modern Pankration is the preeminent MMA fight promotion in Eastern Russia, and a branch of the World Council of Absolute Fights (WAFC).

  • Rockefeller keen to buy the gas assets of Russia's state diamond monopoly Alrosa

    The Kommersant business daily Wednesday reported that a private investment fund of Steven Clark, Rockefeller is keen to buy the gas assets of Russia's state diamond monopoly Alrosa.

    The Kommersant quoted Rockefeller’s Executive Chairman Dietrich von Erbach-Schonberg saying on Wednesday. The fund offered no less than $1 billion for the assets, according to a source close to VTB Capital which temporarily owns the assets, the paper says.

  • Gano Services Inc. acquires 23 per cent of the shares and 27 per cent of the votes in Ruric

    Gano Services Inc, incorporated in the British Virgin Islands, Tuesday announced the acquisition of 23 per cent of the shares and 27 per cent of the votes in Russian Real Estate Investment Company AB (Ruric).

    Further, Gano Services Inc. has requested that the Board of Directors of Ruric convenes an extraordinary general meeting of shareholders for the purpose of electing new Board members.

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