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VTB decided to increase dividends 13 December 2007 VTB chairman Andrey Kostin announced that bank decided to spend up to 40% of its 2007 year profit for dividends. Lukoil published results for the 3rd quarter and first 9 months of 2007 13 December 2007 On Wednesday Lukoil, Russia's second largest oil company, published results for 3rd quarter and first 9 months of 2007. Renault bought 25% stake in AVTOVAZ 10 December 2007 French car maker Renault decided to buy 25% of Russia's biggest auto maker, AvtoVAZ, aiming to revive the faded Lada brand and strengthen its hold on what will soon be Europe's largest car market. Sergey Chemezov, Head of Russian Technologies, Chairman of the Board of AvtoVAZ, Serguei Skvortsov, President of Troika Capital Partners and Carlos Ghosn, President and CEO of Renault signed an MOU on 8th December in Togliatti, aimed at giving Renault a 25% stake in AvtoVaz as a strategic partner. VTB reports high net profit 10 December 2007 According to preliminary data, VTB Bank's net profit under IFRS grew 28.8% to $1.051 billion during the first nine months of 2007 compared to the $816 million posted for the same period a year earlier, the Russian bank announced in a press release today. X5 Retail Group announces that it does not now expect to undertake SPO this year 25 September 2007 X5 Retail Group has postponed issuing $1 billion in additional shares this year. UTair Aviation shows strong growth 19 September 2007 During January-July 2007, the company carried 1,593,598 passengers, up 20.8 percent from the same period in 2006. In the same period, mail and cargo volume carried by the airline’s transport aircraft went up by 57.6 percent and 31.3 percent respectively. Sibirtelecom is one of the most perspective telecom operators 19 September 2007 Sibirtelecom is the leading fixed-line telecommunications service provider in the Siberian region of Russia. Company operates in Siberia (30% of Russia’s territory and 14% of Russia’s population). |
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