Correspondent, New York
Megan's Feed
Nov 27, 2012

MegaFon IPO seen pricing at lower end: sources

MOSCOW (Reuters) – Russia’s No.2 mobile phone firm MegaFon MGFON.UL is likely to price its stock market float towards the lower end of its guided range, sources said, in an offering expected to see the company raise less than $2 billion.

MegaFon, controlled by Russia’s richest man, Alisher Usmanov, is selling global depositary receipts (GDRs) in London and Moscow, offering an alternative to New York-listed Russia market players MTS (MBT.N: Quote, Profile, Research, Stock Buzz) and Vimpelcom Ltd (VIP.N: Quote, Profile, Research, Stock Buzz).

Nov 21, 2012

Russia’s NTS plans further buys after Evraztrans

MOSCOW (Reuters) – NefteTransService (NTS), one of Russia’s largest private rail operators, is already in talks on a further acquisition after agreeing to buy rail operator Evraztrans from steelmaker Evraz (EVRE.L: Quote, Profile, Research, Stock Buzz).

“Our strategy calls for M&A (merger and acquisition) deals … We have plans to increase the company’s scale,” board member Alexey Likhtenfeld told Reuters.

Nov 15, 2012

Russia’s MegaFon seeks around $2 billion in IPO

MOSCOW (Reuters) – MegaFon MGFON.UL, Russia’s No.2 mobile phone operator, hopes to raise around $2 billion in an initial public offering, it said on Thursday, launching a marketing drive to investors with a pledge to pay an attractive dividend.

MegaFon, controlled since April by Russia’s richest man Alisher Usmanov, is focused almost exclusively on Russia and is outpacing bigger rival MTS (MBT.N: Quote, Profile, Research, Stock Buzz) and smaller Vimpelcom (VIP.N: Quote, Profile, Research, Stock Buzz) in a maturing, though still lucrative, mobile market.

Nov 15, 2012

MegaFon looking to raise $1.7-$2.3 bln from IPO

MOSCOW, Nov 15 (Reuters) – MegaFon, Russia’s No.
2 mobile phone operator, wants to raise $1.7-$2.3 billion from a
planned share listing in London and Moscow, it said as it kicked
off an investor roadshow in New York.

MegaFon, controlled since April by Russia’s richest man -
Alisher Usmanov, also gave an indicated range of $20-$25 per
share on Thursday for its initial public offering, valuing it at
$11.2-$14.0 billion.

Nov 14, 2012

Renaissance founder Jennings retreats from Russia

MOSCOW, Nov 14 (Reuters) – Veteran banker Stephen Jennings
is selling out of the Russia-focused investment bank he founded
to focus on running his Renaissance Group’s African business and
its asset management operations, the company said on Wednesday.

It is the end of an era for Jennings, a tall, dark-haired
New Zealander, who came to Moscow aged 32 with Credit Suisse
First Boston. He went on to found Renaissance in 1995 where he
made his name and fortune as a risk taker and deal maker.

Nov 10, 2012

Russia’s MegaFon gets nod for $2 billion IPO: sources

MOSCOW (Reuters) – Russia’s No.2 mobile phone company, MegaFon MGFON.UL, is likely to go ahead with its planned stock market float in London this year after receiving an unofficial green light from the UK regulator, sources familiar with the matter said.‬

MegaFon had aimed to raise around $2 billion from its initial public offering this year, but several sources have said it would have to delay the share sale until 2013 if it did not get the nod from the UK Listing Authority (UKLA) in time.

Nov 7, 2012

MegaFon to post results as awaits IPO approval -sources

MOSCOW/LONDON, Nov 7 (Reuters) – MegaFon is due to announce
third-quarter results on Thursday, sources said, moving a step
closer to a planned listing, but it may still not have
everything in place to complete the sale this year.

The Russian mobile operator plans to raise around $2 billion
from an initial public offering (IPO) this year, but several
sources familiar with the matter said it may still have to delay
the sale until next year if it does not get the green light from
UK regulators soon.

Nov 5, 2012

Kcell plans London listing – sources

LONDON/MOSCOW, Nov 5 (Reuters) – Kcell, Kazakhstan’s biggest
mobile operator, plans to list in Kazakhstan and London by the
end of the year and has appointed banks to run the process,
sources close to the deal said.

Nordic telecoms group TeliaSonera agreed last year
to buy a 49 percent stake in Kcell for $1.52 billion and said it
planned to float a quarter of the company’s shares.

Oct 28, 2012

Prokhorov reassures investors as he focuses on politics

MOSCOW, Oct 28 (Reuters) – Russian billionaire Mikhail
Prokhorov’s assets will continue to be well managed by his
partners after his announcement that he is stepping back from
his businesses in order to dedicate himself to politics, his
spokeswoman said on Sunday.

Prokhorov, who challenged Vladimir Putin in last year’s
presidential elections, said on Saturday that he will hand over
the management of his business assets to partners and focus on

Oct 19, 2012

BP board considers Rosneft bid for TNK-BP

LONDON/MOSCOW, Oct 19 (Reuters) – Rosneft is
poised to secure a tighter grip on Russia’s oil industry by
buying BP’s 50 percent stake in TNK-BP, the
country’s third largest producing company.

The British oil company’s board will meet on Friday to
consider a cash and stock offer worth over $25 billion. It is
not tied to asset deals or exploration tie-ups with Rosneft
although those may come in the future, sources said.