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Nestlé expands its soluble coffee factory in Timashevsk, Russia

Nestlé Tuesday announced it has completed a CHF 240 million expansion of its soluble coffee factory in Timashevsk, Russia. Located in the Krasnodar region, the site is Nestlé’s largest soluble coffee factory in Europe. It is also the company’s biggest investment project in Russia so far.

The factory uses advanced freeze-dry technology to make Nescafé coffee products for consumption in the Russian market and for export to other Commonwealth of Independent States (CIS) countries.

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.

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