Alexander Lebedev, who owns 15 percent in Aeroflot, may sell his stake to finance the purchase of 44 Tu-204SM jets for his Red Wings airline. (Interfax)
The RTS stock exchange is planning an IPO this year, with its timing depending on market conditions, chairman Roman Goryunov told a conference in London on Friday. (Bloomberg)
Russia’s economy may grow 5 percent this year, fueled by domestic consumption, construction and capital inflows, Yaroslav Lissovolik, Deutsche Bank chief Moscow economist, told a conference in London on Friday. (Bloomberg)
Evraz Group said Friday that it would relocate its North American headquarters to Chicago. (Bloomberg)
Russia probably won’t resume grain exports, banned through July 1, before October, UkrAgroConsult said Friday, citing Russian Grain Union vice president Alexander Korbut’s comments at a conference in Berlin. (Bloomberg)
VimpelCom has appointed Barclays Bank, BNP Paribas, Citigroup Global Markets and Royal Bank of Scotland Group as lead managers to raise financing, which may be used to fund the cash portion for the purchase of Naguib Sawiris’ Wind Telecom, the company said in a statement Friday. (Bloomberg)
Nitrogen fertilizer maker Acron said output of all its products increased 8.3 percent last year to 5.75 million tons.
(Bloomberg)The Georgian government plans to sell the Sairme resort, known for its mineral water cures, to a local investor, Economy and Sustainable Development Minister Vera Kobalia said in an interview Friday, without naming the buyer, who has agreed to invest $10 million to upgrade the resort and will continue to sell bottled Sairme mineral water. (Bloomberg)
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