News that Russian steel tycoon Alexey Mordashov agreed to buy a 42 percent stake in Russian food retailer Lenta at a premium to the market price, supported the company’s share price on Tuesday, Reuters reported.
Lenta's GDRs were up 2.8 percent at $3.475 per receipt in London on Tuesday.
Lenta...
The Russian offshoot of bookmaker Bwin is in active negotiations for a partnership with fellow Russia bookmakers, including Cyprus-registered Parimatch Holdings, Kommersant reported.
According to the business newspaper, the Russian partner with whom Austria-based GVC Holdings launched Bwin.ru back in November 2017, Digital Betting LLC, had been in negotiations...
The Moscow Exchange and corporate access technology platform Closir have announced they are entering a strategic partnership, Finextra reports.
MOEX will be using Closir’s technology to provide global investors with access to management of its listed companies during its well-established series of MOEX Forums in Moscow, London and New...
French lender Societe Generale has appointed Gianluca Soma as new country head for Russia, the bank said on Monday, according to Plusworld.ru.
Soma, who will take on the new job on July 1st, will replace Didier Hauguel, who is leaving the post, Societe Generale said.
Soma will keep his responsibility...
Russian steel tycoon Alexey Mordashov has agreed to buy a 41.9 percent stake in Russian food retailer Lenta, his firm said on Tuesday, according to RBC.
Mordashov is the main shareholder and chairman of Severstal, one of Russia’s biggest steel companies. His Severgroup will buy the stake from U.S.-based...
Alrosa, Russia’s state-owned diamond mining giant, raised $11.8-million in its first New York diamond auction of the year, as it seeks to increase its activity in the U.S., Investing News reports.
The company traditionally offered a range of special size rough diamonds (over 10.8 carats). Rebecca Foerster, president of Alrosa...
The Russia-Africa summit in Sochi, planned for October this year, is expected by Russian authorities to be a major event that will consolidate Moscow's presence on the continent in the political, economic, trade and military fields, Izvestya writes.
More than 50 African leaders have been invited to the event, a...
The Commercial Court of Amur Region has seized 9.99% of Vostochny Bank shares belonging to Cypriot company Evison Holdings Limited, through which Baring Vostok, the investment fund owned by jailed U.S. businessman Michael Calvey, and his partners control over 50% of the lender’s stock, the defendant’s lawyer Dmitry Savochkin...
Russia’s gross international reserves (GIR), including gold, continue to rise, reaching $487.1 billion as of late March – enough to cover Russia’s external debt dollar for dollar in cash, Intellinews reported.
As the government makes use of the windfall from rising oil prices and falling expenditures to pay off more...
The chairwoman and co-owner of Russia’s S7 Group, Natalia Fileva, has died in a plane crash in southwestern Germany, the company has announced, according to Bloomberg.
The S7 airline's press service said on Sunday that 55-year-old Fileva was aboard a private single-engine Epic-LT aircraft that crashed on approach to...
