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SEA Change

Milan offers a majority stake in its airport authority

Due to financial distress, the municipality of Milan is preparing to sell its majority stake in the Malpensa and Linate airports authority, SEA. The idea is to sell a 50% stake, which could fetch at least €750 million ($927 million).

Just at the end of last year, the city sold a 29.7% stake to Italian investment fund F2I for €385 million.

Milan has faced strong pressure to sell some assets to reduce its heavy debt. The city considered an initial public offering of SEA shares after the European financial meltdown last

Continue reading SEA Change

Owners of Beeline captured the largest Sotovik Turkey

 Photo source:radikal.ru

"Alfa Group", one of the largest shareholders of "VimpelCom", has made the Caribbean Court of recognition of their rights to a controlling stake in Turkey’s largest mobile operator Turkcell. The court ordered the Turkish Cukurova to transfer the shares in Turkcell as the repayment of $ 1.45 billion

The Eastern Caribbean Supreme Court upheld an appeal belonging to "Alfa Group" offshore Alfa Telecom Turkey on the judgment of the BVI, failed last year, the Russians claim against the Turkish group Cukurova (in the person of offshore Cukurova Finance International). According to the information included in

Continue reading Owners of Beeline captured the largest Sotovik Turkey

In the world there was oil monster …

…Russia and the monster. "Rosneft" has officially bought the "TNK-BP", increasing its annual production of black gold to the level of Iran. Thus, the Russian oil giant is the world’s largest oil and gas

Rosneft acquires 100% stake in TNK-BP, a consortium AAR and the British oil company BP. The signing of the agreement on Monday the head of Rosneft, Igor Sechin at a meeting with President Vladimir Putin. The total amount of the transaction Sechin estimated at 61 billion dollars.

"At the end of last week and early this week we completed the main negotiations,

Continue reading In the world there was oil monster …

KAMAZ and MAZ agreed to establish a joint venture on a parity basis

"Russian Technologies" and the Belarusian authorities after one and a half years of negotiations reached an "agreement in principle" on the merger of KAMAZ and MAZ. About this newspaper "Kommersant" said CEO KAMAZ Sergey Kogoghin, adding clarifying talks are ongoing.

According to him, most likely in the joint venture "Rosbelavto" the government of Belarus will make 75% minus 1 share of MAZ, and the "Russian Technologies" — 49.9% stake in KAMAZ. "Probably the first joint venture will still be created on an equal footing, but because KamAZ objectively worth more MAZ, will be provided an option to buy 25%

Continue reading KAMAZ and MAZ agreed to establish a joint venture on a parity basis

Russia and Belarus have agreed on merger terms KAMAZ and MAZ

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Belarusian and Russian sides have agreed in principle merger terms of "MAZ" and "KAMAZ" in holding "Rosbelavto," Chairman of the State Property Committee of Belarus Georgy Kuznetsov at a press conference in Minsk today, February 19.

"We agreed with the assessment of" KAMAZ ", the Russians — with a rating of" MAZ ", we bring into holding a 75% stake," MAZ ", subject to a blocking stake" — said Kuznetsov.

The head of the State Property Committee added that "Belarus will have a 50% stake in the holding company, it will be established on a

Continue reading Russia and Belarus have agreed on merger terms KAMAZ and MAZ

KAMAZ and MAZ agreed to establish a joint venture on a parity basis

"Russian Technologies" and the Belarusian authorities after one and a half years of negotiations reached an "agreement in principle" on the merger of KAMAZ and MAZ. About this newspaper "Kommersant" said CEO KAMAZ Sergey Kogoghin, adding clarifying talks are ongoing.

According to him, most likely in the joint venture "Rosbelavto" the government of Belarus will make 75% minus 1 share of MAZ, and the "Russian Technologies" — 49.9% stake in KAMAZ. "Probably the first joint venture will still be created on an equal footing, but because KamAZ objectively worth more MAZ, will be provided an option to buy

Continue reading KAMAZ and MAZ agreed to establish a joint venture on a parity basis

Owners of Beeline captured the largest Sotovik Turkey

 Photo source:radikal.ru

"Alfa Group", one of the largest shareholders of "VimpelCom", has made the Caribbean Court of recognition of their rights to a controlling stake in Turkey's largest mobile operator Turkcell. The court ordered the Turkish Cukurova to transfer the shares in Turkcell as the repayment of $ 1.45 billion

The Eastern Caribbean Supreme Court upheld an appeal belonging to "Alfa Group" offshore Alfa Telecom Turkey on the judgment of the BVI, failed last year, the Russians claim against the Turkish group Cukurova (in the person of offshore Cukurova Finance International). According to the information included in

Continue reading Owners of Beeline captured the largest Sotovik Turkey

In the world there was oil monster …

…Russia and the monster. "Rosneft" has officially bought the "TNK-BP", increasing its annual production of black gold to the level of Iran. Thus, the Russian oil giant is the world's largest oil and gas

Rosneft acquires 100% stake in TNK-BP, a consortium AAR and the British oil company BP. The signing of the agreement on Monday the head of Rosneft, Igor Sechin at a meeting with President Vladimir Putin. The total amount of the transaction Sechin estimated at 61 billion dollars.

"At the end of last week and early this week we completed the main negotiations,

Continue reading In the world there was oil monster …

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