Business in Brief
- By Unknown
- Jul. 29 2008 00:00
Gazprombank Delays IPO
Gazprombank has delayed a public share sale until the market situation improves, deputy CEO Alexander Sobol said, Interfax reported Monday.
The bank will not hold an IPO this year, and whether it happens next year will depend on market conditions, Sobol said, Interfax reported. (Bloomberg)
Russia-Italy Nuclear Group
Russia and Italy plan to create a working group on nuclear energy, focusing on developing so-called third-generation atomic reactors, Italian Industry Minister Claudio Scajola said Monday, Interfax reported.
Scajola spoke at a meeting with Rosatom CEO Sergei Kiriyenko, Interfax said. Rosatom also signed a 72 million euro ($113 million) contract with Italian state-controlled shipbuilder Fincantieri Cantieri Navali Italiani, Scajola said. (Bloomberg)
RTM Says H1 Revenue Up
Real estate firm RTM, which raised $60 million in an IPO in May 2007, said Monday that its first-half revenue rose 43.6 percent to $35.87 million as it commissioned new sites.
"This growth in revenue is the result of commissioning new sites, as well as of consolidating 100 percent of shares in ReMa Immobilien, which owns 18 properties," RTM development director Vladimir Kireyenko said. (Reuters)
'08 Capital Inflows Forecast
The Central Bank expects capital inflows of $40 billion this year, first deputy chairman Alexei Ulyukayev said, Interfax reported Monday.
"Moderate" inflows will continue to the end of 2008, he said, the agency reported. (Bloomberg)
Sistema, the holding company of billionaire Vladimir Yevtushenkov, said Monday that it reorganized its structure, forming three new operating units.
Sistema created separate units to run its assets in telecoms, high-tech and the consumer sector, the company said. (Bloomberg)
BBC's Russia Internet Ads
The BBC signed an agreement with +SOL giving the advertising agency the rights to sell their advertising space to Russian companies, Maslov PR said in a statement Monday. The terms of the deal were not disclosed.
The BBC web site gets more than 5 million ad impressions in Russia per month, the statement said, with a monthly audience of more than 300,000 unique users. The broadcaster shows ads on its English-language pages for viewers outside of Britain. (MT)
$300M Film Studio Planned
Billionaire Nikolai Tsvetkov plans to build a $300 million film and television studio outside of Moscow, Kommersant reported Monday.
The project will include a shopping and entertainment center, residential buildings, a hotel and offices, the newspaper reported. Fyodor Bondarchuk, a Russian film director, will co-own the studio, the report said. (Bloomberg)
Fuel May Bankrupt Airlines
ST. PETERSBURG -- Rising jet-fuel costs may bankrupt some of Russia's airlines, said Yevgeny Bachurin, head of the Federal Air Transportation Agency, Vedomosti reported Monday.
The first bankruptcies may happen by next summer, and the total number of airlines in the country may be halved, VTB Group analyst Yelena Sakhnova said, the paper reported. (Bloomberg)