Business in Brief
- By Unknown
- Jul. 11 2008 00:00
Wal-Mart, Carrefour Bids?
Global retail giants Wal-Mart and Carrefour, along with investment fund TPG Capital, plan to bid for control of Russian retailer Lenta, sources close to the sale said Thursday.
The privately owned St. Petersburg-based chain of hypermarkets is holding a tender for the sale of a controlling stake in two weeks. (Reuters)
Taiwan Investors in Tomsk
Taiwanese investors are looking to spend $250 million on solar-panel production in the Tomsk special economic zone, said Vladimir Prets, the regional head of the Federal Agency for Special Economic Zones, Interfax reported Thursday.
Prets said the first $10 million had already been received, Interfax reported. The investor was not identified. (MT)
Aeroflot Gets Superjet Delay
Aeroflot has been informed that plane maker Sukhoi will delay the first deliveries of its Superjet 100 aircraft for one year, Aeroflot deputy head Lev Koshlyakov said Thursday.
"We got a letter from [Sukhoi general director Mikhail] Pogosyan explaining that this is the case," Koshlyakov said. He added that Sukhoi, which is now testing the new passenger plane, has pledged to make the first deliveries in the third quarter of 2009. (Reuters)
NLMK to Get $1.6Bln Loan
LONDON -- Novolipetsk Steel will imminently sign a $1.6 billion syndicated loan, which was increased from $1.5 billion after raising an oversubscription, a banking source said Thursday.
The five-year amortizing pre-export financing pays a margin of 120 basis points over the London interbank offered rate and is secured by export contracts. (Reuters)
UAC Boosts Irkut Stake
ST. PETERSBURG -- State aerospace group United Aircraft Corporation said Thursday that it boosted its stake in Irkut to 80.9 percent after a mandatory offer to the warplane maker's minority shareholders.
UAC said in a statement that it paid 9.3 billion rubles ($297 million) for more than 417 million common and voting shares in Irkut, increasing its stake by 42.7 percent. UAC and "affiliated" companies now own 92.8 percent of Irkut, the statement said. (Bloomberg)
Strategic Sectors Body
ST. PETERSBURG -- The Federal Anti-Monopoly Service said Thursday that it created a division to control the implementation of a law governing foreign investment in strategic industries.
The new division will be headed by Svetlana Levchenko, formerly in charge of the anti-monopoly office in the Perm region, the service said. (Bloomberg)
For the Record
U.S. oil firm Vanco Energy said Thursday that it might appeal Ukraine's decision to revoke its exploration license should negotiations fail. (Bloomberg)
Yevroset and its president, Alexei Chuikin, will decide whether to extend his contract in three weeks, Chuikin said Thursday. (Bloomberg)
Baby-food maker Nutritek Group plans to buy Chinese factories to help boost sales in Asia as domestic growth slows. (Bloomberg)
The new oil-product terminal at Primorsk, opened by Prime Minister Vladimir Putin in May, stood idle for the past 1 1/2 months, Kommersant reported Thursday. (Bloomberg)