Summa Reported to Buy FESCO

Reuters via Moscow Times 21 May Investment and trading group Summa has agreed with businessman Sergei Generalov to buy control of transportation group FESCO for about $1 billion, an industry source familiar with the deal said Friday. Summa, involved in renovating the...

Chinese Seeking ‘Beauty’ in Russian Investment

Moscow Times 21 May 2102 Heavyweight Chinese infrastructure investors are moving toward putting their money into big projects across Russia, a market they described as “empty” during a presentation in Moscow Friday. Russian government officials are pushing...