Deals

By Ivan Anderzhanov.
Investment banks Goldman Sachs, JP Morgan and Morgan Stanley have placed a $5bn to $6bn price tag on Digital Sky Technologies Russian Unit, according to a Kommersant report.
Digital Sky is the internet company part-owned by Russian billionaire Alisher Usmanov and African media company Naspers. The firm led by former banker Yuri Milner, also has a stake in Facebook, the global social [...]

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By Ivan Anderzhanov
Bulge bracket investment banks Goldman Sachs and Credit Suisse have acquired 3.88 percent and 2.77 percent stakes respectively in the Bank of Moscow, a top ten lender.
Goldman’s stake in the state-controlled bank is worth about $200m and Credit Suisses’s around $14m at the current market price.
The Moscow government has been the bank’s [...]

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By Andrei Skvarsky
Ruben Vardanian, founder and chief executive of Troika Dialog, is considering selling out of the Moscow-based firm with chances that the oldest brokerage in Russia will slip under Russian state control, according to RBC Daily.
Sberbank and VTB, two state-controlled heavyweights in Russia’s  banking sector, are among potential buyers of Vardanian’s 39.22% stake. Others [...]

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By Ivan Anderzhanov.
Only one tenth of the total of the 79 IPOs scheduled this year for Russia, Ukraine and Kazakhstan have been carried out, according to public relations firm PBN Company.
The seven IPOs in H1 2010 were valued at more than $3 billion, with RUSAL’s $2.24 billion Hong Kong float [...]

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By Marcus Williams
Storm Real Estate, a Norwegian fund which invests in Russian real estate, listed 23.5 million shares on the Oslo Stock Exchange in an IPO yesterday.
Morten Astrup, chief executive of managing company Storm Capital Management,  said the firm is hoping to attract Russian investors.
Storm Real Estate owns the business [...]

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By Ivan Anderzhanov
Russia’s second largest lender VTB is attempting to acquire TransCreditBank in a bid to expand its share of corporate and retails clients.
TransCreditBank, a subsidiary of the Russian Railways monopoly, has about $10bn in assets, which is about 9% of VTB’s assets.  The bank serves corporate and retail clients [...]

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By Ivan Anderzhanov
US banking giant Morgan Stanley has offloaded its mortgage unit in Russia more than two years after first putting it on the block.
The bank had been looking to dispose of its City Mortgage Bank since 2008 after the global credit crunch wreaked havoc on the countrys’ property sector [...]

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By Andrei Skvarsky
MICEX this week launched a process expected to resuscitate a plan to set up a central national depository that has been in limbo for several years.
The annual shareholders’ meeting of one of Eastern Europe’s biggest stock exchanges voted for merging the MICEX Clearing Chamber with the National Depository Centre, [...]

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