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  • HMS Group to Acquire Pump Manufacturer Bobruisk Machine Building Plant

    HMS Group, the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, announced Friday that it has entered into a share subscription agreement for an acquisition of a stake in Bobruisk Machine Building Plant.

  • Lipoxen in bid to transform Russian state-owned nanotechnology group

    Lipoxen Thursday announced an acquisition strategy and an agreement with the Russian state-owned nanotechnology investment company that will utterly transform the bio-pharmaceuticals group, reported Proactive Investors.

    Lipoxen is to buy German firm SymbioTec, which is developing a platform technology around highly alkaline proteins called histones to treat a broad spectrum of cancers. The all-paper deal values SymbioTec at £8.8 million. In addition, Lipoxen has brought on board a strategic investor with a very similar name, said the report.

  • EBRD invests in Russia’s power sector and for development of the country’s domestic capital market

    According to BSR Russia, the European Bank for Reconstruction and Development (EBRD) has bought 10 year maturity bonds worth 800 million roubles from Federal Grid Company (FGC) to demonstrate its commitment to the Russian power sector and in the development of the country’s domestic capital market.

  • CapMan Russia fund and Gimv NV invest in Russian-based Expert Photo

    The CapMan Russia fund, in collaboration with Belgian-based investment company Gimv NV, provided growth capital to Expert Photo, a leading provider of photo related services in Russia. The investment is made to strengthen the company’s position in the Russian market.

  • Strauss Coffee continues expansion in Russia and the CIS

    Strauss Coffee Friday continued its expansion in Russia and the CIS with the acquisition of the Ambassador Brands and products.

    Gadi Lesin, President & CEO of Strauss Group and Chairman of Strauss Coffee, and Todd Morgan, CEO of Strauss Coffee, announced the Continued Expansion of the Strauss Coffee Business in Russia, through the Acquisition of the Ambassador Brands and Products in CIS and Russia.

  • Russian investors to buy 79.4 percent of fertilizer firm Minudobreniya

    Vedomosti Business daily Friday reported that Russian businessmen Arkady and Boris Rotenberg will buy 79.4 percent of fertilizer firm Minudobreniya, part-owned by Norway's Yara International from Dmytro Firtash.

    Sources told Vedomosti daily that Ukrainian tycoon Firtash would sell his holdings for about $2 billion, though other people close to the various parties in the complex transaction did not provide any details on the price.

  • SIBUR acquires the only acrylic acid producer in Russia and the CIS Acrylate, ATEK Group

    SIBUR has bought JSC Acrylate - the only CIS-based producer of acrylic acid and its esters - from ATEK Group.

    JSC Acrylate’s production site is located in the eastern industrial area of Dzerzhinsk, Nizhny Novgorod Region, and is just 2km from SIBUR’s facility, which provides JSC Acrylate with its basic raw material – propylene.
    The production capacity of JSC Acrylate’s plant is 25 kta of ester grade acrylic acid, 36 kta of heavy esters (butyl acrylate) and 10 kta of light esters (methyl and ethyl acrylate).

  • Enel completely fulfills its investment obligations in Russia in terms of construction of new generation capacity

    Enel OGK-5 Tuesday successfully launched the new combined cycle gas turbines (CCGT) unit with installed capacity of 410 MW at Sredneuralskaya GRES near Yekaterinburg in the Urals Region.
    With the launch of the second new 410 MW CCGT Enel becomes the first power generating company to completely fulfill its investment obligations in Russia in terms of construction of new generation capacity. The project required an overall investment of approximately €380 million.

  • PPF Group enters the agriculture industry in Russia through its subsidiary

    PPF Group N.V.  announced Wednesday that through its subsidiary, Bavella B.V, it has acquired 100 per cent of Russian agricultural holding company CJSC RAV Agro-Pro, based in Voronezh, Russia.
    International investment fund, RP Capital, contributed to the transaction as co-investor with a 20 per cent stake in Bavella B.V. The price, as well as further details of the transaction have not been disclosed, following the agreement between the two parties. The transaction has already been approved by the appropriate Russian regulators.

  • Russia's second largest lender VTB may acquire up to a 10 percent stake in Home Credit BV

    The Vedomosti Business daily Tuesday reported that Russia's second largest lender VTB may acquire up to a 10 percent stake in Home Credit BV, which owns banks in Belarus, the Czech Republic, Kazakhstan, Russia and Slovakia.

    According to Vedomosti, a VTB source told the Newspaper that the aim of the deal was to raise funds in an upcoming Initial Public Offering for Home Credit BV scheduled for this fall. The deal is being prepared by VTB's investment vehicle VTB Capital.

  • Russia's Republic of Tatarstan and Wermuth Asset Management to set up a 200 million-euro clean technology fund

    Reuters Friday reported that Russia's Republic of Tatarstan and Wermuth Asset Management plan to set up a €200 million clean technology fund that aims to help the heavy oil producing region boost energy efficiency and manage industrial waste.
    Speaking to Reuters, Wermuth founder Jochen Wermuth said the company will invest in the world's best clean technology companies, help them enter the Russian market and, eventually, set up production in Russia.

  • Dr. Reddy’s buys prescription business of JB Chemicals & Pharmaceuticals in Russia & other CIS markets

    Dr. Reddy’s Laboratories announced Friday that it has entered into an agreement with JB Chemicals & Pharmaceuticals to acquire their pharmaceutical prescription portfolio in the Russia and other CIS regions.
    The agreement involves acquisition of 20 brands, key ones being Metrogyl and Jocet, for a consideration of US$34.85 million. Dr. Reddy’s has also entered into a supply agreement with JB Chemicals for the continued manufacturing and supply of these products associated with the acquired brands.

  • East Capital Explorer to acquire unlisted Russian fashion retailer Melon Fashion Group

    East Capital Explorer AB has agreed to acquire Swedfund International AB's approximately 15 per cent stake in Melon Fashion Group (MFG), the unlisted Russian fashion retailer with over 500 shops in Russia and Ukraine. The investment is for a consideration of approximately €14 million.

    Gert Tiivas, CEO of East Capital Explorer AB commented that MFG has grown very fast and remains one of the most exciting retail companies in East Capital’s investment universe with potential for further value growth.

  • France based Saint-Gobain expands its Insulation Business in Russia and Japan

    Saint-Gobain is expanding its operations in Russia and Japan as it seeks to better serve its clients in the regions. Saint-Gobain is pursuing its expansion in Russia with the acquisition of Russia’s Linerock, a company based in Tcheliabinsk.
    Linerock is the Ural region’s leading manufacturer of rock wool products, the most widely used insulation materials in the Commonwealth of Independent States (CIS). The company employs over 500 people and reported consolidated revenues of around €25 million in 2010.

  • VTB Capital Acquires 4.35% strategic stake in En+ Group

    VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD$500 million. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital.

    Yuri Soloviev, First Deputy President - Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding companies Board of Directors, said, En+ Group is a company with deep expertise in consolidation and efficient management of assets in leading industries, and a strong track record of creating both national and global business leaders.

  • Czech investment firm KKCG Group Purchases an Oil Terminal in Russia

    KKCG SE has completed the acquisition of an oil terminal in Russia, thus becoming a 100% owner of the oil terminal near the town Oktyabrsk in the Samara Region, the Russian Federation.  The takeover by KKCG SE has already been approved by the Russian antimonopoly office.

    The oil terminal with an annual capacity of 3.4 million tons per year has been purchased by KKCG SE from the major Russian company OOO ITERA Holding, which belongs to the international group ITERA.

  • Tony Hayward fund Vallares in $12 billion bid for Bashneft, Russneft

    The Australian Monday reported that former BP chief Tony Hayward is keen on bidding for Russian oil producers once again, months after a previous bid flopped. According to the report, Tony Hayward is on a bid for oil producers Bashneft and Russneft, in a deal estimated at around £8 billion ($12 billion).

    Hayward is to undertake the investments via Vallares, the listed cash shell he co-founded with financier Nat Rothschild, reported the Australian. Mr Hayward is still a director of BP's troubled Russian joint venture TNK-BP.

  • GRUMA Announces the Acquisition of the Leading Tortilla Manufacturer in Russia

    GRUMA, S.A.B. de C.V., announced Friday the acquisition of Solntse Mexico, the leading tortilla manufacturer in Russia, for US$7 million.

    Based in Russia, Solntse Mexico is a tortilla company that manufactures and sells mainly wheat flour tortillas, corn tortillas and corn chips, among other products, under the brand “Delicados”.

  • Cilag GmbH International completes acquisition of OTC brands in Russia

    Cilag GmbH International Friday announced the completion of the acquisition of the over-the-counter (OTC) brands of J B Chemicals & Pharmaceuticals Limited for the equivalent of approximately U.S. $245 million in cash.

    The brands included in the acquisition are RINZA®, Russia’s leading multi-symptom cough and cold brand, and DOKTOR MOM®, Russia’s number two selling cough brand, as well as several other brands.

  • Investment fund Hybrid Investments Capital Corp. acquires 20% stake in Russia’s Pharmacy Chain 36.6

    The Kommersant business daily Wednesday reported that Investment fund Hybrid Investments Capital Corporation (Hi Capital), has acquired over 20 per cent in Russia’s Pharmacy Chain 36.6. The Chain announced the investment in a statement Wednesday.

    The stake was purchased from Russian pharmaceutical distributor SIA International. The value of the deal was however not provided.

  • Russia's state development bank VEB may buy majority stake in Coking coal miner

    Reuters Wednesday reported that Russia's state development bank VEB (Vnesheconombank) is set to acquire 80 per cent of coking coal miner Raspadskaya for $5.3 billion. Reuters quoted Russia’s Interfax news agency on Tuesday, citing unnamed sources.

    According to Reuters, a VEB spokesman and Raspadskaya's press office declined to comment. Reuters’ calculations estimate that Raspadskaya's market capitalization stands at more than $4.8 billion.

  • RUSNANO-cofinanced project to expand production of air purification systems gets underway

    A RUSNANO-cofinanced project to expand production of air purification systems that surpass current domestic and foreign competitors has gotten underway. The project has a total budget of 580 million rubles. RUSNANO will co-invest 261 million rubles in its realization.

  • The PALFINGER Group expands its business in Russia

    The PALFINGER Group is further expanding its business in Russia through the complete takeover of Russian crane producer INMAN (Ischimbajskie Neftianiye Manipuliatory, JSC).
    The company with its headquarters in Ishimbay in the Republic of Bashkortostan (Volga region) has since 1992 been a producer and distributor of hydraulic lifting and loading systems, in particular knuckle boom cranes.

  • PepsiCo to acquire remaining stake in Russia’s Wimm-Bill-Dann Foods

    PepsiCo, Inc. announced that it delivered a squeeze-out demand notice to Wimm-Bill-Dann Foods OJSC (WBD) on June 30, 2011. 

    Through the notice, PepsiCo has elected to exercise its right under Russian law to purchase all remaining WBD ordinary shares not already owned by PepsiCo, including those underlying WBD's American Depositary Shares (ADSs).  The acquisition process is expected to be concluded by mid September 2011.

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