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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.

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