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17.10.03 |
www.2b.finam.ru
|
Absence of Majority Stake for Purchase Is Not an Obstacle
for ProfMedia to Obtain Leadership in Strategic Niche
New joint venture with Independent Media allows ProfMedia to increase
up to 75%
its share in free cash flow, which the leader in professional magazines will generate
for shareholders, without transfer of control over the joint business from the leader.
|
in Russian |
| 4.08.03 |
www.opec.ru
|
Russian Economy Offers Numerous Investment Opportunities
Why does much larger international capital seek opportunities in Russia now? Why have Russian investors spent considerable buying power on Western assets at the same time? How can investor perspective help the entrepreneur shape his/her project?
|
in Russian |
| 25.06.03 |
www.2b.finam.ru
|
Acquisition of Interpulp Trading and Lessons of Norilsk Nickel Restructuring
The record of drastic conflicts, which Ilim Pulp Group has gone through consolidating
assets into a single corporation with liquid shares, means that it is crucial for this company to formalize
all the claims of the insiders on its free cash flow before placing shares to investing public in the stock market.
|
in Russian |
| 29.05.03 |
www.2b.finam.ru
|
Synergies between Shipping Business and Wood&Paper Business in Russia?
Two leading shipping companies in Northern Russia
and a few lumber producers in Arkhangelsk region have been put under control of Sevmorput Capital.
Do the shipping assets enhance the lumber assets? Or is it more likely to be the-other-way-round?
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in Russian |
| 21.05.03 |
www.2b.finam.ru
|
Complicated way to simple ownership structure
Recent news on corporate restructuring of Ilim Pulp Enterprise demonstrate that the group
has been building a united corporation to tap capital markets with grave determination.
However the difficulties the group has overcome and is yet to overcome could probably have been avoided
if they had hired capable investment bankers for this restructuring from the start.
The restructuring will take at least two years more than it had been originally expected and sound corporate strategy
if funded by money from big capital markets would have offset bankers' fees by tens
and probably hundreds of million dollars in extra profits and capital gains.
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in Russian |
| 26.03.03 |
www.2b.finam.ru
|
MTS Buys Out other
Shareholders from Kuban GSM
MTS preferred buying out other shareholders to
increasing its share through new equity round. This is more direct and
efficient way to secure control while money for expansion can yield
better results in other projects of MTS.
|
in Russian |
| 26.03.03 |
www.2b.finam.ru |
Chasing Leaders
The Board Resolution of Vimpelcom that approve placement of new
equity to Alfa ahead of schedule was quick response to new
opportunities for speeding up the rollout of Beeline network in St.
Petersburg region.
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in Russian |
| 13.03.03 |
www.2b.finam.ru
|
Deutsche Telecom
Sells Call Option on 10-percent Stake in MTS to Sistema Telecom:
Underpinnings and Consequences
Restoring financial leverage to
normal level, Deutsche Telecom has to
recover cash from its investments outside its core market - Germany.
Yet the performance of MTS made DT to find a way to preserve sizable
stake in its prominent foreign investment. Sistema Telecom grabbed the
opportunity to secure control over MTS minimizing premium for
control.
|
in Russian |
|
04.03.03 |
www.2b.finam.ru
|
Deal Revealing New Opportunities
Acquisition of 45% stake in Independent Media by
Profmedia highlights recent improvements in investment quality of
Russian media assets.
|
in Russian |
| 28.02.03 |
www.2b.finam.ru
|
One Buyer - One
Seller
The competitive landscape in mobile telephony in
Republic of Tatarstan had made MTS the only reasonable buyer for TAIF-Telecom
and at the same time left MTS with this regional cellular operator as
the only viable alternative not to loose the promising market to the
nationwide competitors. The time was against both negotiating parties.
|
in Russian |
| 25.02.03 |
www.2b.finam.ru |
Sibirtelecom Will Have to Toil
Hard
Recent acquisitions of NMT-450 operators and D-AMPS operator
by Sibirtelecom involve tremendous efforts for integrating the
companies with deferent technology and corporate governance. Probably,
this has been done to "accumulate critical mass" for selling out to
future investor, who will assume the objectives of restructuring.
|
in Russian |
| 17.02.03 |
www.2b.finam.ru |
Timely Deal
This was the time to sell for the shareholders of "Tomsk Sotovaya
Svyaz". Vimpelcom is much better positioned to develop the company
further and if put to competition with the target Vimpelcom might have
slowed down the growth of the target to minimum.
|
in Russian |
| 03-09.02.03 |
"Promyshlenny Ezhenedelnk"
(weekly) |
Venture Capital in
Russian Realities
North American or European experience of VCs is
misleading in Russia, where the crucial deficit is management teams
and professionally organized companies and not the promising business
niches. The lack of organization and professional management is most
dangerous in innovative companies of TMT sector.
|
in Russian |
| 31.01.03 |
www.2b.finam.ru
|
Acquisition of
StavTeleSot - Mutually Beneficial Deal?
The shareholders of StavTeleSot had had clear
exit perspective ahead of them but they failed to capture growth
opportunities before their selling out to Vimpelcom due to numerous
unresolved contradictions among them.
|
in Russian |
|
30.01.03 |
www.2b.finam.ru
|
Demand for the Offered Stake in Magnitogorsk
Steel Mill? The 17% stake, which is going to be
offered by the state, hardly could be of interest to private equity
funds and there are not so many strategic acquirers ready to
capitalize on the opportunity significantly.
|
in Russian |
| 27.01.03 |
www.2b.finam.ru
|
Merges in
Telecoms Become More and More Predictable
Recent merger of Sovintel and Teleross is an
example of consolidation efforts by major telecom players, who have
started building nationwide operators in market segments other than
mobile telephony.
|
in Russian |
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