Stock Market

Russian Restaurant Chain to Raise $125 million from IPO

Rosinter Restaurants Holding, a leading restaurant operator in Russia and other former Soviet republics, intends to raise about $125 million from an initial public offering.

Popularity: 3% [?]

June 1, 2007

VTB, Russia’s Second-Biggest Bank Raises $8 Billion in IPO

VTB Group, Russia’s second-biggest bank, raised $8 billion in the world’s largest initial public offering this year, as investors seek to benefit from a lending boom in the former Soviet republic, Bloomberg reported on May 11.

Popularity: 2% [?]

May 11, 2007

Russian Steelmaker MMK Announces IPO Plans

One of Russia’s largest steelmakers, Magnitogorsk Iron & Steel Works (MMK) plans to float shares in London and Moscow with ABN Amro, Morgan Stanley and Renaissance Capital acting as lead managers, the firm said on Monday, March 26.

Popularity: 3% [?]

March 26, 2007

U.S. Top Investor Warns of Russia Stock Bubble

Prominent emerging markets investor Jim Rogers said Russian equity markets were overvalued and could burst “sooner rather than later,” revealing the skeletons in the cupboard of its “outlaw capitalism,” the Reuters reports.

Popularity: 1% [?]

March 14, 2007

Russian Companies Need to Improve Corporate Governance for Better IPOs

Russian companies floating on international stock exchanges raise 20 percent less than Western counterparts because their standards of corporate governance are lower, claims new research whose results were published by British paper Telegraph.

Popularity: 1% [?]

Russian Stock Market in Danger After China Tumbledown

After Chinese stock market dropped by 9 percent on Tuesday, the suit was followed by the DJIA in the U.S. and by the European stock markets. Russian stock market is the next in line to undergo the test of what’s worth.

Popularity: 2% [?]

February 28, 2007

Merrill Lynch Buys $200M Stake in Russian Clean Energy Project

U.S. investment bank Merrill Lynch said it has bought a minority stake in clean energy project developers the Russian Carbon Fund in a financing package worth around $200 million.

Popularity: 2% [?]

February 26, 2007

Moody’s Upgrades Gazprom to A3

gazprom_rating.jpg

Moody’s Investors Service has upgraded the senior unsecured issuer and debt ratings of Gazprom from Baa1 to A3, the ratings agency said in a press release.

Popularity: 2% [?]

December 19, 2006

Evroset Planning IPO for 2008

evroset.jpg

Evroset, Russia’s largest mobile phone retailer, expects to sell about 20 percent of its shares in an initial public offering planned for 2008.

Popularity: 2% [?]

December 6, 2006

Peter Hambro Shares Drop for Second Day

Shares of Peter Hambro Mining Plc, Russia’s third-biggest gold miner, plunged for a second day after the government said the company may lose Siberian licenses and have its reserves reviewed.

Popularity: 2% [?]

November 30, 2006