Business in Brief
- By Unknown
- Jul. 25 2008 00:00
UES Office Sold for $175M
The former headquarters of Unified Energy System has been sold for $175 million, Cushman & Wakefield said in a statement Thursday.
The 23-story building on Prospekt Vernadskogo was sold to Intercessia, a legal firm specializing in real estate, Newsru.com reported. It was built in 1996 "according to the highest technological specifications of the time," said Cushman & Wakefield, which acted as an agent on the sale. (MT)
Polyus Opens Pilot Plant
Polyus Gold opened a pilot plant Thursday at the Natalka deposit in the Far East, the latest step in the development of what could become the country's largest gold mine.
Polyus, which produces one-quarter of the country's gold, plans to start production at Natalka in 2012 or 2013. Annual output is set to reach 40 tons -- slightly more than the company's entire gold output last year. (Bloomberg)
Evraz Wins Rights to Mine
Evraz Group, the country's second-largest steelmaker by volume, on Thursday won the right to develop a coal field in Siberia, beating billionaire Oleg Deripaska's Basic Element among other contenders.
A unit of Evraz bid the most for the Mezhegeiskoye deposit, said Alexei Ivanov, head of investor relations at Evraz. (Bloomberg)
Comstar to Expand Services
Comstar United Telesystems, a telecommunications company owned by billionaire Vladimir Yevtushenkov, has received codes for long-distance calls that will allow it to expand the range of services.
Communications and Press Minister Igor Shchyogolev has signed off on the codes for Comstar, his spokeswoman, Yelena Lashkina, said Thursday. (Bloomberg)
Tatneft Seeks Refinery Stake
KIEV -- Tatneft is seeking to reclaim the right for an 18 percent stake in Ukrtatnafta, Ukraine's second-biggest oil refinery, Kommersant's Ukrainian edition reported Thursday, citing the country's anti-monopoly regulator.
Tatneft-controlled SeaGroup International and AmRuz Trading appealed a court ruling that the acquisition of an 18 percent stake in Ukrtatnafta was illegal, the newspaper said. (Bloomberg)
Banks Quizzed on Stress Test
The Central Bank has asked several lenders to disclose their internal "stress testing" procedures used to assess the ability to cope with an economic slowdown, Kommersant reported Thursday, citing bankers.
The Central Bank wants to create a single methodology for gauging potential risks and may require lenders to adopt it, said Vladimir Chubar, finance department chief at Credit Bank of Moscow, the paper said. (Bloomberg)
For the Record
Eurasian Development Bank said Thursday that it would open a 10-year credit line of $100 million to help finance the Superjet 100 project. (Reuters)
Kazakhstan may thwart a Russian plan to buy a stake in the Caspian Pipeline Consortium from Oman, Kommersant said Thursday. (Bloomberg)
The Federal Anti-Monopoly Service may question X5 Retail Group's purchase of superstore chain Karusel, said Timofei Nizhegorodtsev, head of the service's trade department RBC Daily reported Thursday. (Bloomberg)