Global Ports breaks Russian IPOs pricing curse
By Jason Bush
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
MOSCOW — Russian IPOs face a tough sell among international investors, who know from experience they tend to be over-priced. But the strong showing of the latest one, by Global Ports, suggests that Russian issuers may be getting the message at last: to overcome well-founded investor scepticism, Russian IPOs need be priced at an attractive discount.
TPG pays up to end ugly Russian conflict
– The author is a Reuters Breakingviews columnist. The opinions
– The author is a Reuters Breakingviews columnist. The opinions
expressed are his own –
By Jason Bush
MOSCOW, June 27 (Reuters Breakingviews)- One of Russia’s
most embarrassing corporate disputes may be on the brink of
resolution. Along with its Russian partner, VTB bank, U.S.
private equity group Texas Pacific Group (TPG) looks poised to
take control of the Russian supermarket chain Lenta, buying most
of the shares belonging to U.S. investor August Meyer. Although
the end of the conflict will be a relief for TPG, the ugly
dispute has damaged its reputation — and confirmed Russia’s.
Russia’s capital outflow should worry investors
By Jason Bush
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Russia seems unable to stem ever-increasing capital outflows. Official statistics show these amounted to $43 billion during the six months to March, and a further $7.8 billion in April. Officials are puzzled. They should be worried.
BP escapes Russian impasse — at a cost
By Jason Bush and Fiona Maharg Bravo
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
MOSCOW/MADRID — No compromise is pain free. But BP’s peace agreement with its oligarch partners could have been much more costly. The UK oil major seems to have killed their opposition to its Arctic exploration alliance with Russian energy giant Rosneft — but without resorting to penal concessions.
Medvedev takes on Putin over Libyan war
By Jason Bush
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
MOSCOW — The Libyan conflict has widened the rift between Dmitry Medvedev and Vladimir Putin in what could be a turning point for Russia’s political future.
Deripaska may not refuse new Norilsk buyout offer
– The author is a Reuters Breakingviews columnist. The opinions
– The author is a Reuters Breakingviews columnist. The opinions
expressed are his own –
By Jason Bush
MOSCOW, Feb 14 (Reuters Breakingviews) – The end of the
three-year long shareholder spat at Russian miner Norilsk Nickel
(GMKN.MM: Quote, Profile, Research) may be in sight. Oleg Deripaska, whose RUSAL (0486.HK: Quote, Profile, Research)
group owns a 25 percent stake in the Russian miner, has received
an offer even he must find hard to resist. Norilsk is offering
him $12.8 billion to buy four-fifths of his stake in the company
Moscow bombing hits out at worldwide interests
By Jason Bush
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
MOSCOW — A bomb attack on Moscow’s Domodedovo airport has killed dozens and injured many more. Although the precise details may not be known for some time, the attack represents a nasty development because it underscores an unpleasant truth. Security threats in Russia have become an international problem.
Norilsk’s dividend slash shows Deripaska the exit
– The author is a Reuters Breakingviews columnist. The opinions
– The author is a Reuters Breakingviews columnist. The opinions
expressed are his own –
By Jason Bush
MOSCOW, Jan 20 (Reuters Breakingviews) – In the long-running
shareholder row at Norilsk Nickel (GMKN.MM: Quote, Profile, Research), one of the
combatants may soon be ready to throw in the towel. Pressure is
mounting on Oleg Deripaska to sell the 25 percent Norilsk stake
owned by RUSAL (0486.HK: Quote, Profile, Research), the aluminium group he controls. In a
fresh blow to the Russian oligarch, Norilsk has hinted that it
may pay no dividends this year, even though the company sits on
piles of cash — it earned some $5 billion in post-tax profit
last year.
Why Medvedev will remain Russia’s president
By Jason Bush
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)
MOSCOW (Reuters Breakingviews) – The uncertainty of the 2012 presidential election will loom over Russia’s business climate in 2011. The government’s official candidate will win. But who will it be? Will reform-minded incumbent Dmitry Medvedev run for a second term? Or will his steely predecessor, current premier Vladimir Putin, stage a Kremlin come-back?
Norilsk war better than tentative peace dividends
– The author is a Reuters Breakingviews columnist. The opinions
– The author is a Reuters Breakingviews columnist. The opinions
expressed are his own –
By Jason Bush
MOSCOW, Dec 20 (Reuters Breakingviews) – RUSAL (0486.HK: Quote, Profile, Research),
the Russian aluminum group controlled by oligarch Oleg
Deripaska, has rejected a $12 billion offer from Norilsk
(GMKN.MM: Quote, Profile, Research) to buy its 25 percent stake in the nickel miner. That
has dashed investors’ hopes of a quick resolution to Norilsk’s
ongoing shareholder spat. But it’s not such a bad thing.
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