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Arysta LifeScience acquires a majority stake in Russia’s FES Group

Arysta LifeScience announced it has acquired a majority stake in Russia’s FES Group. Commenting on the acquisition, Wayne Hewett, President and CEO, Arysta LifeScience Corporation said Arysta LifeScience has evolved into a high-performance company by maintaining its focus on identifying innovative products and formulations and ensuring that customers in its targeted growth markets have access to these products.

Bombardier buys stake in Russia’s signaling equipment manufacturer United Electrical Engineering Plants, or Elteza

Bombardier has completed its acquisition of Russia’s signaling equipment manufacturer United Electrical Engineering Plants, known as Elteza. The move follows a share purchase agreement signed between the two firms last year December. The acquisition was undertaken by BT Signaling B.V.

BT Signaling B.V. purchased a 25 per cent stake in Elteza, a subsidiary of Russian Railways (RZD). Subject to further approval, BT Signaling B.V. could increase its stake to up to 50 per cent. Russian Railways will remain the majority shareholder.
 

French based Total SA to pay $4 billion for a minority stake in Russia's largest independent natural gas producer

French energy giant Total SA has signed an agreement with Russia’s Novatek for the acquisition of a minority stake in the Russian firm and its Arctic gas project. The agreement was signed between Total’s Christophe de Margerie and Novatek’s Leonid Mikhelson, in the presence of Russian Prime Minister Vladimir Putin. The transaction is expected to be closed by April 2011 and amounts to approximately $4 billion.

Russian grid firm FSK increases investment plans for 2011

In a bid to revamp its operations and upgrade, Russian grid firm FSK is mulling 2011 investments increase of almost 11 per cent. The move will see the energy firm hike its 2011 investment spending to $7.3 billion, as it prepares for a listing on the London Stock Exchange and its part-privatization. A company spokesperson confirmed the move to Reuters, reiterating FSK’s plans for major revamps and upgrades.

Russia telecoms firms sign agreement with Russian government to build next generation of mobile networks

Four of the biggest telecoms firms in Russia, together with Scartel, which trades under the Yota brand, signed an agreement Thursday with the Russian government for the construction of next generation mobile networks in the country. The companies will establish a joint venture to work together for the creation of the networks. The agreements were signed between the companies and Russian Prime Minister Vladimir Putin, together with the country’s Communications and Press Minister Igor Shchyogolev.

McDonald's Corp. plans additional Russia investments to expand its business

US based food retail giant McDonalds Corp. is planning additional investments in its Russian business as it seeks expansion. The investment, to be undertaken in the next one year, is targeted at increasing McDonalds’ Russian foot print, to position the firm to benefit from Russia’s growing fast-food restaurant market amid still sluggish competition.

Renco Group's subsidiary to acquire three steel companies controlled by Russia’s OAO Severstal

Renco Group Inc’s newly formed, wholly owned subsidiary, RG Steel LLC, is to acquire three steel companies currently controlled by Russian-based OAO Severstal through its U.S. subsidiary, Severstal US Holdings LLC. The transaction, estimated at $1.2 billion, will make RG Steel the fourth-largest flat rolled steel producer in the United States.

Eurasia to acquire the development and exploration drilling assets of Slavneft

Eurasia Drilling Company Limited is to purchase the development and exploration drilling assets of OAO NGK Slavneft (Slavneft) for a total consideration of US$150 million. The transaction is expected to close by mid 2011. Under the terms of the agreement, Eurasia Drilling will acquire Slavneft’s businesses operating in Western and Eastern Siberia.

They include Megionskoye Upravlenie Burovykh Rabot LLC, Ob geologia LLC, Megion geologia LLC and Baykitskaya Neftegazorazvedochnaya Ekspeditsia LLC.

Russia’s state development bank VTB ready to invest in joint venture between Sollers and Ford Motor Co.

CEO of Russia’s state development bank VEB, Vladimir Dmitriev, has said the bank may be ready to invest in a joint venture between a Russian and a US based auto maker. Speaking to journalists, the chief said VEB is ready to invest in the Sollers-Ford Motor Co. joint endeavor in Russia. However, Dmitriev clarified that VEB does not yet have a deal with the two auto makers.

Sistema JSFC subsidiary CJSC Sistema-Inventure acquires over 1% of ordinary shares of MGTS

Sistema Friday announced that CJSC Sistema-Inventure, a wholly-owned subsidiary of Sistema JSFC, acquired more than 1% of the ordinary shares of MGTS at a price of RUB 436.20 per share, for total cash consideration of RUB 370 million (approximately US$ 12.3 million). Sistema is the largest diversified public financial corporation in Russia and the CIS, and invests in, and is a major shareholder of, companies operating in different industries.

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