Abrau Durso begins public flotation

Just-Drinks 11 April 2012 Abrau Durso has floated on the Moscow Stock exchange today (11 April). Shares in Russia’s oldest sparkling wine house are being offered at RUB5,324 (US$179.34) each. Speaking to just-drinks, company director Pavel Titov said that the...

Daily deal site Kupikupon.ru aquires beauty salon booking service

East-West Digital News 10 April 2012 Kupikupon.ru, a major daily deal site, has acquired Moresalonov.ru, an online booking service for beauty salons, for an undisclosed amount, reported Unova, a Russian site dedicated to high tech and venture news. The clients of...

TeliaSonera Says It’s in Talks on MegaFon

Bloomberg via Moscow Times 12 April 2012 HELSINKI — TeliaSonera, Sweden’s biggest phone company, said it’s negotiating with investment partners Altimo and AF Telecom on the future of MegaFon, Russia’s second-largest mobile operator. “The three...

VSMPO Share on the Block

Moscow Times 11 April 2012 Russian Technologies may sell a 45 percent stake in VSMPO-Avisma, the titanium producer that supplies the metal to companies including Boeing, Kommersant reported, citing people familiar with the plan. Russian Technologies has begun talks on...

Report: Usmanov May Swap Part of MegaFon Stake for Yota

Reuters via Moscow Times 10 April 2012 Russian billionaire Alisher Usmanov may trade a part of his stake in the country’s No.2 mobile phone operator MegaFon for control in next-generation telecoms provider Yota, business daily Vedomosti reported on Tuesday. The...

Russian DTH platform Orion Express looking for a strategic investor

East-West Digital News 10 April 2012 Vedomosti reports that Orion Express has approached MTS, VimpelCom and Megafon and that Fund Service Bank-backed STK Soyuz, a 50% shareholder in the platform, has held talks with all three. However, according to Yuri Khitrov, the...