Correspondent, New York
Megan's Feed
Jan 29, 2013

Billionaire duo shortlisted for $4 billion Polyus stake

MOSCOW (Reuters) – Two Russian billionaires have been shortlisted to buy a stake in Polyus Gold (PGIL.L: Quote, Profile, Research, Stock Buzz), sources said, in a deal which could pave the way for a merger with rival Polymetal (POLYP.L: Quote, Profile, Research, Stock Buzz) to create a national gold mining champion.

Sources close to the matter said retail boss Zelimkhan Mutsoyev and fruit juice magnate Gavriil Yushvayev wanted to buy tycoon-turned-politician Mikhail Prokhorov’s $4 billion stake in London-listed Polyus Gold International Ltd.

Jan 29, 2013

Billionaire duo shortlisted for Polyus stake-sources

MOSCOW, Jan 29 (Reuters) – Two Russian billionaires have
been shortlisted to buy a stake in Polyus Gold, sources
said, in a deal which could pave the way for a merger with rival
Polymetal to create a national gold mining champion.

Three sources close to the matter said retail boss Zelimkhan
Mutsoyev and fruit juice magnate Gavriil Yushvayev wanted to buy
tycoon-turned-politician Mikhail Prokhorov’s $4 billion stake in
London-listed Polyus Gold International Ltd, Russia’s top gold
producer.

Jan 23, 2013

Russian tycoon Lebedev likens to trial to political witch-hunt

MOSCOW, Jan 23 (Reuters) – Russian banker and media magnate
Alexander Lebedev on Wednesday likened his trial for throwing a
punch during a television chat show to a political witch-hunt
and said the charge of hooliganism levelled against him was
baseless.

The backer of Britain’s Independent and London Evening
Standard newspapers was charged in September with hooliganism
motivated by religious, political, racial, ethnic or ideological
hatred, and could be jailed for up to five years if convicted.

Jan 21, 2013

Moscow Exchange to float, could raise $500 million

MOSCOW, Jan 21 (Reuters) – Moscow’s stock exchange plans to
float on its own platform, seeking to revitalise Russia’s
capital markets and convince companies to list domestically
rather than abroad.

Shareholders of the Moscow Exchange, Russia’s main venue for
trading in stocks, bonds, foreign exchange and derivatives, are
expected to sell stock worth at least $500 million, one source
familiar with the situation said on Monday.

Jan 16, 2013

Vimpelcom aims to boost cashflow by $2.9 billion over three years

MOSCOW (Reuters) – Telecoms group Vimpelcom (VIP.N: Quote, Profile, Research, Stock Buzz), with assets in Russia, Italy and various emerging markets, aims to deliver a major boost of up to $2.9 billion in annual cashflow by the end of 2015 to improve shareholder value.

In its first investor day since 2011, Vimpelcom pledged to pay dividends equivalent to a 7 percent yield as it vies for investor dollars with its Russia-focused rivals, New York-listed MTS (MBT.N: Quote, Profile, Research, Stock Buzz) and recently-floated MegaFon (MFON.MM: Quote, Profile, Research, Stock Buzz) (MFONq.L: Quote, Profile, Research, Stock Buzz).

Jan 16, 2013

Vimpelcom aims to boost cashflow by $2.9 bln over 3 yrs

MOSCOW, Jan 16 (Reuters) – Telecoms group Vimpelcom,
with assets in Russia, Italy and various emerging markets, aims
to deliver a major boost of up to $2.9 billion in annual
cashflow by the end of 2015 to improve shareholder value.

In its first investor day since 2011, Vimpelcom pledged to
pay dividends equivalent to a 7 percent yield as it vies for
investor dollars with its Russia-focused rivals, New York-listed
MTS and recently-floated MegaFon .

Jan 15, 2013

Russia’s NefteTransService plans London IPO

MOSCOW, Jan 15 (Reuters) – NefteTransService, one of
Russia’s biggest private freight rail operators, hopes to raise
around $500 million via a London listing, sources said, that it
will then use to expand into Ukraine and Kazakhstan as the
markets open up to competition.

Two sources with knowledge of the placement said the company
expected to offer around 25 percent of its shares. The company
confirmed its intention to float but did not disclose the amount
it aims to raise.

Jan 14, 2013

Shareholder calls for shake-up at Exillon Energy

LONDON/MOSCOW, Jan 14 (Reuters) – Russia-focused oil
producer Exillon Energy is to hold a shareholder
meeting to consider a proposal for a management shake-up at the
London-listed company by one of its biggest investors.

The shareholder, Worldview Capital Management, which said it
owns a 13 percent stake in Exillon, has called for a management
overhaul and strategic review amid what it described as “board
inexperience” and “significant underperformance”.

Jan 3, 2013

Putin makes French film star Depardieu a Russian

MOSCOW, Jan 3 (Reuters) – Russian President Vladimir Putin
has granted citizenship to Gerard Depardieu, the French movie
star whose decision to quit his homeland to avoid a tax hike
prompted accusations of national betrayal.

The “Cyrano de Bergerac” and “Green Card” actor bought a
house across the border in Belgium last year to avoid a new tax
rate for millionaires planned by France’s Socialist President
Francois Hollande, but said he could also seek tax exile
elsewhere.

Jan 3, 2013

Putin gives tax exile Depardieu Russian citizenship

MOSCOW (Reuters) – Russian President Vladimir Putin has granted citizenship to Gerard Depardieu, the French movie star who is quitting his homeland to avoid a tax hike on the rich, the Kremlin said on Thursday.

The “Cyrano de Bergerac” actor bought a house across the border in Belgium last year to avoid a new tax rate for millionaires in France planned by Socialist President Francois Hollande but said he could also seek tax exile elsewhere.