Eastern Europe / News

Mystery buyer snaps up 3.6% of Gazprom with discount in second SPO this year

bne IntelliNews November 22, 2019

Russian natural gas giant Gazprom sold 3.59% of its quasi-treasury shares at RUB220.7 per share, making a sizable 13% discount to market. Notably, the buyer of the stake is not disclosed, making it the second mystery SPO this year in Russia's largest

Russian Rosatom nuclear agency eyes maritime shipping market

bne IntelliNews November 22, 2019

Russian state nuclear power agency Rosatom is planning a massive expansion in the maritime shipping market with an investment of up to $7bn

Baring Vostok cancels plans for $1.3bn sixth fund

Ben Aris in Berlin November 22, 2019

Leading Russian fund Baring Vostok has cancelled plans to raise a sixth fund that could have been worth $1.3bn, as five of its senior managers face fraud changes and three of them languish in prison.

Russians involved in large-scale intelligence operation in Serbia, President Vucic says

Denitsa Koseva in Sofia November 22, 2019

Vucic says “no logic” to spy affair that surfaced days before his visit to Moscow, given warm relations between two states.

Putin says humanity will end up in caves if it abandons hydrocarbons

bne IntelliNews November 21, 2019

If humanity completely abandons hydrocarbons in the energy sector it will “end up in caves”, Russian President Vladimir Putin told delegates at the VTB Russia Calling investment summit.

EU brands Belarus parliamentary elections "lost opportunity", Lukashenko's girlfriend becomes MP

bne IntelliNews November 20, 2019

The European Union has joined the chorus of critics of the November 17 elections in the lower chamber of parliament in Belarus, which are widely believed to be rubber-stamped by the nation's authorities.

Hungarian government acknowledges delay at Paks nuclear power plant

Tamas Szilagyi in Budapest November 20, 2019

Budapest seeks to delay repayment of Russian loan for nuclear power plant expansion as new units now not expected to be up and running before 2030.

Russia's Sberbank accepts Yandex restructuring, to sell golden share for €1

bne IntelliNews November 20, 2019

Russia's largest bank Sberbank will sell the "golden share" in the internet major Yandex for €1, Vedomosti and RBC business portal reported on November 19 citing the announcement of the bank.

Markets react positively to Yandex' change of governance rules

bne IntelliNews November 18, 2019

Changes at the Russian internet giant were intended to allay the state’s fears that a “strategically important” technology company will fall under the control of foreign powers.

Veteran Russian tour operator Intourist reportedly considers IPO

bne IntelliNews November 18, 2019

Russia’s oldest and largest tour operator Intourist is planning an IPO, after Anex Tour owner Neşet Koçkar completes a buyout of its shares from troubled Thomas Cook.

Russia's billionaire car salesman, owner of Rolf to sell up

bne IntelliNews November 15, 2019

The owners of the largest car dealer in Russia Rolf are looking for buyers for 100% in the company, Vedomosti daily reported on November 14 citing the founder of the dealer Sergei Petrov.