Emerging Markets, Emerging Russia, Emerging Views
From the category archives:
By Ivan Anderzhanov
East Capital is diversifying from its Russian and Eastern Europe focus by acquiring Asia Growth Investors (AGI), a fund management company focussed on China.
AGI, which is Swedish owned like East Capital, was founded in 2004 by fund manager Gustav Rhenman.
East Capital, which managed about $6 billion, said AGI’s investment [...]
{ 0 comments }
By Andrei Skvarsky
South Africa’s Standard Bank may acquire a controlling stake in Moscow investment bank Troika Dialog within the next year and a half, according to a report in RBC Daily today.
Having bought a blocking stake of 36.4% in Troika Dialog last year, Standard Bank is in talks with Troika to buy another 15% stake [...]
{ 0 comments }
By Ivan Anderzhanov
Russian gas giant Gazprom has mandated Gazprombank and Renaissance Capital to arrange a 300 billion roubles ($10.24bn)in bonds.
Rouble bonds have become popular on the local fixed-income market following the rapid rise of the ruble and as commodity prices have rallied. .
Gazprom plans to raise the sum in 13 issues [...]
{ 0 comments }
By Ivan Anderzhanov
The emerging markets investment house Ashmore today launched a Greater China Fund to invest in Chinese equities.
The fund has a US dollar base currency and will invest primarily in on-shore Renminbi denominated investments permitted under the country’s Qualified Foreign Institutional Investor (QFII) scheme.
Ashmore was granted a QFII licence by [...]
{ 0 comments }
By Andrei Skvarsky
Russian wealth manager Third Rome last month opened an office in Zurich, to be overseen by its founder Andrei Movchan.
Third Rome, set up in May 2009, has around $300 million of asset under management and plans to boost its asset base to $700 million by the end of the year.
Russian [...]
{ 0 comments }
By Andrei Skvarsky
Russia’s merger and acquisition activity is set to rebound 50% this year after a sharp decline last year, according to a KPMG report.
M&A collapsed in 2009 but corporate activity has been showing roots of recovery lately as confidence returns and prices fall, according to the report’s authors. KMPG [...]
{ 1 comment }
By Marcus Williams
Renaissance Capital, the fast growing emerging markets investment bank, is eyeing deals to buys brokerages in “five or six” African countries.
Speaking to the Financial Times, its bullish founder Stephen Jennings said the group expected to close deals within the next few months.
Rencap is expanding at breakneck speed [...]
{ 0 comments }
By Andrei Skvarsky
Société Générale Private Banking has set up a dedicated division to serve Russian high net-worth clients in Switzerland despite the trend of many leading banks to set up in Moscow.
The new unit of the French bank’s wealth management arm, which will offer offshore services to Russians, will be a [...]
{ 0 comments }
By Marcus Williams
TMK, Russia’s largest oil and gas pipe producer TMK, yesterday listed American Depositary Receipts (ADRs) on an over-the-counter(OTC) trading platform in the US.
Each TMK ADR, representing four ordinary shares, will trade on the OTCQX International Premier trading platform, the OTC market’s highest tier, under the symbol ‘TMKXY’.
Custodian Bank [...]
{ 0 comments }
By Ivan Anderzhanov in Moscow
Emerging markets investment bank Renaissance Capital has agreed on alliances with two investment firms in the Central Asian frontier of Mongolia.
The bank has signed deals with International Capital Corporation (MICC) and Monet following its recent joint venture agreements in Serbia, India and openings in South Africa and Belarus.
In [...]
{ 1 comment }
By Andrei Skvarsky
Russian railway monopoly RZD is planning to sell seven-year dollar bonds ahead of the state’s first foray into the sovereign eurobond market in over decade.
The state-owned railway monopoly is holding investor meetings in Europe this week organised by Barclays Capital, JPMorgan Chase and VTB Capital ahead of the sale, which will be benchmark in [...]
{ 0 comments }
By Ivan Anderzhanov
Management at Raiffeisen International‘s are pushing ahead with a merger with its unlisted Austrian parent RZB despite concern that minority shareholders may lose out in the deal.
The bank said they were intensively pursuing a merger, which would be put to shareholders at annual general meetings in July.
Analysts [...]
{ 0 comments }
