Emerging Markets, Emerging Russia, Emerging Views
From the category archives:
By Marcus Williams
Russian investment bank Troika Dialog has offloaded a 17.1 stake in truck maker KamAZ for $428m.
Troika received about $428 million from Russian Technologies, a state holding company, from Daimler AG and from the European Bank for Reconstruction and Development, according to a report today by Vedomosti.
Bosses at Troika had been looking to rid [...]
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By Ivan Anzerzhanov
Britain’s Royal Bank of Scotland sold its Kazakhstan business to HSBC for $52 million (£35m) in its third emerging market disposal.
RBS Kazakhstan includes four branches, two support offices, 490 staff and personal customer loan and credit card portfolios. HSBC has been operating in Kazakhstan since 1998 and has 250 [...]
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By Andrei Skvarsky
Stockholm-based investment company East Capital Explorer has decided to close its real estate fund for Russia as the unit has received no investments since it opened in July 2008.
When the global financial crisis broke out, the company, whose area of operations is Eastern Europe, decided to keep its [...]
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By Ivan Anderzhanov
East Capital has completed the acquisition of Asia Growth Investors (AGI), a fund management company focussed on China.
The deal marks diversification for the Swedish investment firm focussed on Russia and Eastern Europe.
AGI, which is Swedish owned like East Capital, was founded in 2004 by fund manager Gustav Rhenman.
East [...]
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By Andrei Skvarsky
Russia’s biggest lender Sberbank has set up two offices in Moscow to serve the wealthy and is in talks about providing these customers access to foreign securities.
The state-controlled bank, which has recently been aggressively expanding into brokering, debt capital markets and asset management, is developing a product line [...]
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By Andrei Skvarsky
TransCreditBank, a bank controlled by state rail transport monopoly Russian Railways (RZD), has bought out Russian investment bank KIT Finance.
A TransCreditBank spokeswoman has confirmed to EmergingMarkets.me that the bank had taken over KIT Finance in a recent series of internal structural developments in which the institution has, among other [...]
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By Ivan Anderzhanov
Russia’s biggest lender Sberbank has registered two new companies to carry out brokerage and asset management activities.
The move will bring the bank in direct competition with VTB which already has a successful investment banking arm VTB Capital and asset management businesses.
Sberbank Capital is already involved in private equity [...]
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By Ivan Anderzhanov
US private equity fund Siguler Gruff is investing $250m in a high-tech hub dubbed Russia’s ‘answer to Silicon Valley’.
Siguler Guff, which has over $8.5bn in assets under management, made the investment public after meeting with Russian leader Dmitry Medvedev.
Medvedev has been on a charm offensive with foreign fund managers and venture capitalists in [...]
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By Ivan Anderzahnov
UK bank Barclays may offload its Russian regional retail banking network to a unit of Renaissance Group.
Barclays is in talks about selling 12 regional branches to Renaissance Credit, the consumer finance arm of the investment banking group Renaissance, according to Russian daily Kommersant.
The British giant acquired Russian lender Expobank in March 2008 for [...]
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By Ivan Anderzhanov
Mid-sized Russian bank Orient Express plans to launch Russia’s first initial public offering in the banking sector since the financial crisis rocked the markets almost two years ago.
Sergei Vlasov, chief executive, told Reuters it didn’t make sense to tap the market for less than $200 million. Vlasov is reported to own a 15.6 [...]
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By Andrei Skvarsky
VTB Capital has acquired Capital Plaza, an office block where the investment bank had its headquarters before moving less than a year ago to Moscow City, the emerging Presnensky business district three kilometres west of the Kremlin.
Capital Plaza, a 14-storey business centre with floor space of 50,000 square [...]
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By Marcus Williams
The European Bank of Reconstruction and Development will commit up to $50 million to a new private equity fund-of-funds which will mainly focus on investing in existing equity funds covering Russia, the CIS and Turkey.
The fund, Alpha Russia & CIS Secondary L.P., aims to raise up to $300 [...]
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