Megafon and Yota consider merger

Vedomosti via East-West Digital News 3 May 2012 Last week, the Russian business daily Vedomosti reported that the Federal Antimonopoly Service (FAS) received a joint request from mobile operator Megafon and WiMAx operator Scartel, which operates under the Yota brand,...

Nationwide Hunt Begins for Business Angels

Moscow Times 4 May 2012 This week’s $75 million injection into classifieds advertising site Avito.ru is further proof of the investment attractiveness of Russian startups, which are a key element in the government’s push for diversifying the country’s energy-dependent...

O1 Sets London IPO Range

Moscow Times 2 May 2012 Real estate investment company O1 Properties said it aims to raise about $425 million from a London stock market listing to invest in Moscow’s booming commercial property market. O1 Properties, set up by former directors at Moscow...

Globaltrans Buying Metalloinvest Freight Unit for $540M

Moscow Times 28 April 2012 Freight firm Globaltrans Investment is buying the railcar unit of iron-ore miner Metalloinvest for $540 million, boosting its fleet to about 60,000 units, it said Friday, as it forecast more consolidation for the sector. As part of the deal,...