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Russian Railways To Construct Russia's First Hybrid Locomotive Sinarahybrid

Russia Railways announced it had agreed terms for construction of the country’s first hybrid locomotive. Valentin Gapanovich, Senior Vice-President of Russian Railways, agreed the technical terms of reference during the development stage of the TEM9H SinaraHybrid, a shunting locomotive with a hybrid engine.

The project to develop Russia’s first hybrid locomotive is being undertaken by the engineering company Innovation Development Centre CTM, which is part of Sinara-Transport Machines.

Barclays Plc Sells Its Russian Retail and Commercial Banking Operations

Barclays Bank PLC announced Wednesday the sale of its Russian retail and commercial banking operations, Barclays Bank LLC, to investors including Igor Kim, one of Russia’s leading bankers.

The transaction follows Barclays announcement on 15 February 2011 of its intention to sell Barclays retail and commercial banking operations in Russia.

Mobile Telesystems Acquires Tatarstan’s Leading Provider of Cable TV and Fixed Broadband Services

Mobile TeleSystems OJSC (MBT), the leading telecommunications provider in Russia and the CIS, announced it has acquired 100% stake in OJSC “Teleradiokompania”TVT” (TVT) from a group of investors.

TVT is a leading provider of cable TV and fixed broadband services in the republic of Tatarstan with presence in 15 cities. This acquisition allows MTS to strengthen its leadership position in Tatarstan and enter the market of pay-TV, broadband and fixed telephony services in the region.
 

Siemens AG and partners to invest €1 billion in Russia

Siemens AG intends – together with its partners – plan to invest €1 billion in Russia over the next three years. The investment was announced in Moscow by Peter Löscher, President and CEO of Siemens AG at the annual meeting of the Foreign Investment Advisory Council chaired by Russian Prime Minister Vladimir V. Putin.

Nanostart AG Acquires Licensed Asset Management Company in Russia

Germany’s Frankfurt-based nanotechnology investment company Nanostart AG announced Friday it acquired a Russian licensed asset management company. The acquired firm will trade as Nanostart Russia Asset Management Ltd in future.
 
The purchase is for a price consideration of €2.4 million, and has been paid in cash. The establishment of Nanostart Russia serves to fulfill the main regulatory conditions for Nanostart’s market entry in Russia as a fund manager in the area of venture capital. The company is domiciled in Moscow with an office in Perm.

LUKOIL and GAZ Group Sign Cooperation Agreement

OAO LUKOIL and GAZ Group signed a co-operation agreement in Nizhny Novgorod that will see the companies jointly work on a number of issues.
 
Under the document, GAZ Group will purchase fuels, lubricants and petrochemicals manufactured by the LUKOIL Group entities using the price formulas based on market markers.

LUKOIL’s products will be used by GAZ Group in the first automobile priming in an assembly line and will be recommended for use with GAZ Group’s equipment in the automobile after-sales service.

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.

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