General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.
Russia
Vimpelcom's third quarter earnings affected by regulatory pressures and fee mandates
Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.
First non Russian CEO appointed to Lada
Lada is set for major developments, such as the appointment of its first non Russian CEO. Bo Andersson was recently appointed by OAO AvtoVAZ as its new CEO.
Snowden will not be joining VKontakte- founder
Despite news of National Security Agency (NSA) whistleblower Edward Snowden accepting a job offer at the social networking site VKontakte, founder Pavel Durov said that no job offer or hiring of Snowden took place.
Wunderlist app maker raised USD30 million in Series B financing round
New investor Sequoia Capital and other existing investors had backed Berlin-based 6Wunderkinder's USD30 million Series B funding round.
Latest News
Russian state-owned diamond miner Alrosa had reduced its capital investment expectations for its planned IPO.
After the collapse of the Belarussian venture, Kerimov is considering offers from other parties as to his stake in potash producer Uralkali.
The size of the initial public offering of Tinkoff Credit Systems had been increased to USD1.25 billion, according to a financial market source.
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
Russian oil firm Rosneft signed an agreement with China National Petroleum Corp for the latter to purchase a 49% stake in the Russian oil producer's East Siberian venture.
Yury Kovalchuk's Bank Rossiya and his partners purchased a 50% stake in the Russian unit of Tele2.
In an announcement today, Russia's largest search engine company Yandex said it had acquired Kinopoisk, a movie review site, for an undisclosed amount.
TCS, a credit card business company in Russia, set its IPO price at USD14 to USD17.50 per share piece.
TCS Group priced the IPO of Tinkoff Credit Systems from USD 14 million to USD 17.50 for every global depositary receipt.
