Emerging Markets, Emerging Russia, Emerging Views
By Jason Corcoran in Moscow
Russia’s RTS stock index has doubled in value since the beginning of the year, making it the best performing major world index, but foreign investors are still lukewarm on Russia’s investment case.
The benchmark RTS 50 Index hit 1,254 points at close of play today, which took its year-to-date gains to 100%. [...]
{ 0 comments }
By Ivan Anderzhanov in Moscow
Renaissance Group has announced the launch of Renaissance Private Banking to focus on high net worth clients and their family offices.
The move is aimed at countering Third Rome, the new fund management business set up by Andrei Movchan, who left Renaissance this year after a row over the running of Renaissance [...]
{ 0 comments }
By Ivan Anderzhanov in Moscow
Russian investment bank Troika Dialog has appointed Peter Ghavami as head of global markets in a shake-up of its senior team following the completion of the integration of Standard Bank’s operation in Moscow.
Insiders at Troika indicated Ghavami had been given the key role after the completion of [...]
{ 0 comments }
Jason Corcoran in Moscow
Prime Minister Vladimir Putin will today raise the curtain for the first time at a brokerage event when he addresses investors at VTB Capital’s Russia Calling three-day conference.
Over 300 Russian and international investors are anticipated at the event in the President Hotel, as well as 150 representatives from Russia’s leading companies.
Deputy Prime [...]
{ 0 comments }
By Jason Corcoran in Moscow
VTB Capital has spent “significantly less” than the $500m earmarked to build the business and had already repaid the original capital back to the parent, according to its global chief executive Yuri Soloviev.
Soloviev was brought on board from Deutsche Bank, where he had been first deputy chariman of the German bank [...]
{ 0 comments }
By Jason Corcoran in Moscow
VTB Capital, the investment banking subsidiary of the state-controlled VTB Bank, has swooped to hire one of the most senior bankers from Nomura Bank in Moscow.
Caroline Gibault, a managing director and head of equity derivatives at Nomura, is understood to have quite the Japanese bank to take up a similar role [...]
{ 0 comments }
By Jason Corcoran in Moscow
Scandinavian private equity firm Mint Capital has acquired a chain of Russian pub restaurants after the entrepreneurial owner put them up for sale via his Twitter social network site.
Vladimir Zaluzhsky, investor relations manager at Moscow-headquartered Mint said they monitored entrepenur Oleg Tinkov’s Twitter and Livejournal blog but didn’t rely on it [...]
{ 0 comments }
By Yevhen Hrebeniuk, Senior Equity Analyst at Troika Dialog Ukraine
Peter Tils, head of Deutsche Bank’s Central and Eastern European operations said on Friday that the bank’s Ukrainian subsidiary has received a banking license from the National Bank and will begin operating on September 30.
Tils said that despite Ukraine’s complicated economic situation, Deutsche Bank is optimistic [...]
{ 0 comments }
By Ivan Anderzhanov in Moscow
Renaissance Capital has acted as joint bookrunner for the placement of $27.5m in shares by Ireland-based oil company PetroNeft Resources from international institutional investors.
The company, which focues its activities on Siberia, will use the net proceeds of the placing to finance construction of a 70 km pipeline and related infrastructural expenditure, [...]
{ 0 comments }
By Ivan Anderzhanov in Moscow
Kazakhastan energy producer KazMunaiGaz is to acquire a 33% stake in PetroKazakhstan from its parent company KazMunaiGaz for $100.5mn and the assumption of $831mn of debt.
The board of of KMG received an opinion from Credit Suisse that the consideration to be paid for a stake in PetroKazakhstan is fair from the [...]
{ 0 comments }
By Ivan Anderzhanov
Swiss bank UBS has boosted its equity research team in Moscow with the hiring of Kirill Chuyko from KIT Finance as a senior metals and mining analyt
Prior to joining UBS Kirill covered Metals and Mining sector at Kit, URALSIB Capital and Generali PPF Asset Management.
He has PhD in Finance and Credit from the [...]
{ 0 comments }
By Jason Corcoran
Transaero, the airline which partners with British Midlands International (BMI) on the London-Moscow route, is looking at a 8-10% listing of its shares on the Micex bourse later this year or in 2010.
Prime Tass cited Alexander Pleshakov, chairman of the company’s board of directors, a saying that Transaero is likely to sell shares [...]
{ 2 comments }
