Aug 24, 2012 | News
Moscow Times 24 August 2012 RTI, a subsidiary of AFK Sistema, has acquired full control of technology company Sitronics, AFK Sistema said in a statement, Interfax reported. RTI bought global depositary receipts for 0.52 percent of Sitronics’ shares, increasing...
Aug 24, 2012 | News
Moscow Times 24 August 2012 Rostelecom has signed a memorandum of intent to buy Norilsk Telecom from investment bank CIT Finance, two unidentified consultants said. The report was confirmed by sources close to Rostelecom and CIT Finance. Spokespeople for Rostelecom,...
Aug 22, 2012 | News
Asian Venture Capital Journal 3 August 2012 L Capital, the private equity arm of luxury group LVMH, will invest just under INR1.1 billion ($19.4 million) in cinema and entertainment company PVR for a 10% stake. As part of the deal, L Capital will set up a joint...
Aug 22, 2012 | News
IBN Live 1 August 2012 New Delhi: Intensifying row with its minority stakeholder, Norway’s Telenor-controlled Indian venture Uninor on Wednesday put on auction its entire telecom business for a minimum of Rs 4,000 crore, a move opposed strongly by Unitech. The...
Aug 22, 2012 | News
Moscow Times 21 August 2012 Slavneft, a joint venture of TNK-BP and Gazprom Neft, has sold the Slavneft Yaroslavl-Mendeleyev Refinery, also known as Rusoil, for 21 million rubles ($657,000), the joint venture said in a financial statement, Interfax reported. Slavneft...
Aug 20, 2012 | News
Venture Village 8 August 2012 The growth of the internet in Russia to its current 60 million users, the strong technical background of Russian software engineers and the sound entrepreneurial skills of local managers have attracted major money to the market. According...
