According to Reuters citing head of Wal-Mart International Doug McMillan, Wal-Mart is holding negotiations with several potential partners in Russia regarding entering the Russian retail market. McMillan added that one of the most attractive entrance strategies would be acquiring an existing local retailer. As announced in May 2010, Wal-Mart is negotiating acquiring food retailer Lenta, however, it may take several months to one year until the deal is reached. |
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As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more
Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more
Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more