Oleg Deripaska's automaker GAZ Group is seeking to buy 25 percent of the Minsk Automobile Plant, known as MAZ, RIA-Novosti reported, citing Alexander Borovsky, head of the Belarussian truckmaker.
(Bloomberg)
United Company RusAl plans to increase output of high-purity aluminum used in computers and mobile phones by 13 percent this year, as demand rises in Asia and the United States, the company said Wednesday.
(Bloomberg)
Megafon has signed a deal with China Development Bank for two more credit facilities worth a total of $1 billion to buy equipment from Huawei, the cellular provider said in Wednesday.
(Interfax)
Basic Element's Russian Machines division plans to put 12.2 billion rubles ($420 million) into development this year and expects sales to reach 170 billion rubles, a company representative said Wednesday.
(Interfax)
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