For the Record
- Jun. 28 2013 00:00
- Last edited 21:05
Bashneft IPO Delayed
Bashneft is technically nowhere near ready for an initial public offering this year, although there is a possibility that there will be an offering next year, the company's President Alexander Korsik said at a shareholder meeting, Interfax reported. (MT)
Tilson to Head GM-AvtoVAZ
Gary Alan Tilson, after sales service director at GM International Operations, will become the Managing Director of GM-AvtoVAZ, replacing Jeffery Glover, who, after three and a half years running the joint company, is to take up a new post in Germany, the company said in a press release, Interfax reported. (MT)
Evonik to Invest $8Bln
Germany's Evonik Industries, a leading specialty chemicals manufacturer, plans to invest about 6 billion euros ($8 billion) in the next few years, including in Russia, Patrick Volhauser, a member of the company's executive board, said at the groundbreaking ceremony for an amino acid plant in Volgodonsk, in the Rostov region, Interfax reported.