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  • Russia's planned $10 billion private equity fund will be mostly funded by foreign capital, says official

    According to Reuters, Russia’s planned $10 billion private equity fund is to be funded majorly by foreign capital, lured by targeted returns of up to 20 per cent from investing in industries such as technology and pharmaceuticals. Reuters quoted a senior Russian official speaking over the investment plans during the weekend. 

  • NIBE Industrier AB acquires remaining 25 per cent of Russian firm CJSC EVAN

    NIBE Industrier AB has, in accordance with previous plans, acquired the remaining 25 per cent of shares in the Russian company, CJSC EVAN, located in Nizhny Novgorod, 400 kilometers east of Moscow. As a result of this transaction, EVAN is now a wholly owned subsidiary of NIBE and forms part of the NIBE Energy Systems business area.

    NIBE acquired an initial 25 per cent stake in EVAN in 2007, followed by further tranches of 26 per cent and 24 per cent in 2008 and 2009 respectively.

  • Russian search engine company Yandex LLC to invest in domestic and foreign start ups

    Yandex has launched a startup investment program, Yandex.Factory. The program offers funding opportunities to Russian and international projects.

    Yandex will finance startup projects with demonstrated potential in their seed or early investment stage. The company is ready to fund a project’s technology or product development with up to hundreds of thousands US dollars.

  • International Paper affiliate acquires Russian logging company ZAO Tikhvinsky Komplexny Lespromkhoz

    UPM and International Paper have signed an agreement for the sale of UPM's ownership in the Russian logging company ZAO Tikhvinsky Komplexny Lespromkhoz. Under the agreement, the operations, permanent personnel and logging license covering 184,000 hectares of forest area in Tikhvin in the Leningrad oblast will transfer to International Paper Russia Holding B.V.

  • Beijing Automobile Works mulling investment of upwards of $100 million in Russia

    China’s foremost auto manufacturer Beijing Automobile Works is mulling the investment of upwards of $100 million in the Russian auto sector, indicated reports. Under the plans, the Chinese firm will undertake the investment via a joint manufacturing venture in Russia’s Ulyanovsk expanse.

  • Russian Helicopters to raise $500 million in a Moscow-London initial public offering

    The Financial Times (FT) Tuesday reported that Russian Helicopters is to raise $500 million in a Moscow-London initial public offering, as the Kremlin opens up state-controlled industries, including the defense sector, to foreign investment.

  • Russian entrepreneur Alexander Rodnyansky acquires 51% of A Company

    Russian film company AR Films, owned by the producer and media entrepreneur Alexander Rodnyansky, acquired 51% of A COMPANY Consulting & Licensing AG – one of the biggest film licensing and distribution corporations in Central and Eastern Europe.

  • Air Liquide Group signs new agreement with Russia’s leading steel producer, Severstal

    France based firm Air Liquide Group, announced last week the signing of a new long-term agreement with Severstal, Russia’s leading steel producer. Under the new agreement, Air Liquide will supply oxygen, nitrogen and argon to Severstal’s new steel plant in Balakovo, located in the region of Saratov (Volga Federal District).

  • Russia dissatisfied with level of US investment in the country, says Deputy PM

    Russian Deputy Prime Minister Sergei Ivanov said the level of US investment in Russia is dissatisfying, given the level of commitment Russia has shown towards tackling corruption and enforcing the rule of law. Sergei Ivanov was speaking in New York, at the Council on Foreign Relations, in which he reiterated Russia’s commitment to reinstituting improved economic ties with the US.

  • Mefro wheels acquires steel wheel production from Russia’s leading truck manufacturer KAMAZ

    Mefro wheels GmbH Thursday announced it has signed an agreement with Russia’s KAMAZ AG for the acquisition of the Russian firm’s steel wheel production business. Another Germany firm, Daimler AG currently holds an 11 per cent stake in KAMAZ. KAMAZ is Russia’s leading truck manufacturer.

  • Russia’s Sibur Holding picks up 26.3 per cent stake in Cherepovetsky Azot

    SIBUR has reached an agreement for the acquisition of a 26.3 per cent stake in Cherepovets "Azot" from a group of investors. The acquisition is aimed at improving the current capitalization of SIBUR business with respect to the production of mineral fertilizers.

    The company's strategy to phase out the non-core lines of the business through their sale or merger with other producers of nitrogen fertilizer has not been changed. The deal is expected to be concluded following the approval from the appropriate regulatory authorities.

  • Marfin Popular Bank fully acquires its Russian subsidiary OJSC RPB Holding

    The Financial Mirror reported that Marfin Popular Bank is to fully acquire its Russian subsidiary OJSC RPB Holding. The Marfin Popular Bank is the second largest lender in Cyprus. The Russian subsidiary is the owner of Rossiysky Promyishlenny Bank (Rosprombank) and OOO RPB Leasing. The investment is for a consideration of 51.6 million euros, around US$72.6 million.

  • MTS Group purchases 100 per cent of Inteleca Group of companies

    Mobile TeleSystems OJSC, the leading telecommunications provider in Russia and the CIS, announced that MTS Group has acquired 100% in Inteleca Group of companies. The Inteleca group of companies is an alternative operator in the cities of Barnaul and Biysk in Altai Krai of the Siberian Federal District. MTS Group will acquire the business from a group of private investors.

  • Russia's FAS approves $24 billion merger between major fertilizer producers Uralkali and Silvinit

    The Russian Federal Antimonopoly Service (FAS) has approved a $24 billion merger between major fertilizer producers Uralkali and Silvinit. The merger is currently frozen due to a court injunction. In a statement Monday, Uralkali said the merger had been approved after it fulfilled its competition requirements.

  • Ukraine’s leading poultry producer mulling purchase of assets in Russia

    Ukraine’s leading poultry producer Agroholding Mironovsky Hliboproduct (MHP) is mulling the purchase of Russian assets, reported According to Usapeec, Yuri Kosyuk, Chairman of the Board of MHP said the firm is currently on the lookout for potential acquisition investments in Russia.

  • IFC and European Bank for Reconstruction and Development to fund Russian agricultural sector

    International Finance Corporation (IFC), a member of the World Bank Group, and the European Bank for Reconstruction and Development (EBRD), are partnering to promote the introduction of new financial instruments that could boost Russia and Ukraine’s agricultural output and help reduce global food prices, announced the IFC.

  • Russia's leading integrated and diversified meat producer Cherkizovo Group to acquire Mosselprom

    OJSC Cherkizovo Group is to acquire 100 per cent of Mosselprom. Cherkizovo is one of Russia's leading integrated and diversified meat producers. The firm announced it has clinched a deal for the acquisition of 100% of Mosselprom, saying the investment is in line with its development strategy.

  • Russia's state-controlled oil pipeline monopoly Transneft to invest US$ 5.69 billion in new facilities

    Transneft, Russia's state controlled oil pipeline giant, said Monday it will invest an estimated 161.59 billion rubles, around US$5.69 billion in the establishment of new facilities in 2011, reported RIA Novosti. Transneft expects the investment to enable it construct an additional 6,266 kilometers of new pipelines in 2011, said a company statement. In an earlier statement, Nikolai Tokarev, Transneft Chief had stated that the oil pipeline operator plans to reduce its 2011 investment program to 170 billion rubles from 187 billion rubles in 2010.

  • RusForest acquires Nord Timber Group (NTG) to become one of Europe’s leading forestry companies

    In a move aimed at expanding its operations in the Russian Arkhangelsk region, RusForest has entered into a sale and purchase agreement with the shareholders of Clonri Holding Limited and Piatkowski Holdings Limited, which together with subsidiaries comprise the Nord Timber Group (NTG), regarding the purchase of shares in and receivables from NTG against payment in the form of newly issued shares in RusForest.

  • Russia’s Rosneft to forge ahead with its planned investment with BP despite unfavorable arbitration ruling

    Russia’s Rosneft has said it will forge ahead with a planed deal with BP despite unfavorable ruling by an arbitration panel. The Russian firm had gone into a strategic alliance with BP, but the move encountered opposition from BP’s partners in another joint venture, TNK-BP.

  • Kinross Gold Corp. receives pre-approval to increase Kupol ownership to 100 per cent from 75 per cent

    Canada’s Kinross Gold Corp. announced Friday that its Kupol Ventures Ltd division has obtained pre-approval from a Russian commission to buy the rest of Chukotka Mining and Geological Company. Kupol currently owns 75 per cent of Chukotka, which owns licenses for the Kupol Mine and Kupol East-West exploration.

  • NOVATEK executes call option agreement to buy remaining 25.1 per cent stake Yamal LNG

    OAO NOVATEK (NOVATEK) announced it has executed a call option agreement for the right to purchase the remaining 25.1 per cent stake in Yamal LNG. The transaction is for a consideration of US$526 million, which is valid until 1 July 2012. However, NOVATEK paid US$15 million for the call option, which is included in the option price.

  • 3M to invest at least $15 million in the construction of two local manufacturing facilities in Russia

    3M, an American conglomerate, has said it is mulling the construction of two local manufacturing plants in Russia. 3M’s Russia chief executive announced the firm is planning at least $15 million worth of investment, to be used for the construction of the two production plants. One production plant will be used for the manufacture of insulation material and the other to make glass bubbles used in the oil and gas industry.

  • Russia to create a $10 billion direct investment fund with foreign participation to invest in hi-tech and modernization projects

    The Kommersant business daily reported that Russia is planning to create a $10 billion direct investment fund with foreign participation to invest in hi-tech and modernization projects. The Kommersant business daily report indicated that Russia’s Economic Development Minister Elvira Nabiullina said the Russian government will contribute $1 billion to the fund in 2011 and its capitalization would increase to $10 billion in 2015-2016.

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