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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 usapeec.kz. 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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