ADM Capital’s funds, KCRF and KGF, members of a group of funds with the participation of Kazyna Capital Management JSC (owned by National Management Holding “Baiterek” JSC) and the European Bank for Reconstruction and Development (EBRD) announce completion of the acquisition of the controlling stake in Chaplin Cinemas network.
Runa Capital, a Moscow-based global tech-focused venture capital firm, announced yesterday the first closing of its new fund, Runa Capital II. With a target size of $200 million, the firm will continue investing in tech-based companies worldwide, focusing especially on Europe. The amount of the first closing has not been disclosed.
Utinet.ru, e96.ru and Sotmarket, three major Russian e-commerce companies, announced yesterday the completion of their merger process – started last year – into an integrated company, christened “Platform Utinet.Ru.” Part of the company’s stock is being floated on the Moscow exchange following Utinet’s IPO in 2011. Continue reading
The European Bank for Reconstruction and Development (EBRD) has participated in a bond issuance by Kazakhstan’s national railway company, Kazakhstan Temir Zholy (KTZ). The Bank participated in the longer-term tranche of the Eurobond.
Russia’s Far East occupies one-third of the country’s territory and accounts for more than nine percent of the world’s forests. Forestry there thus plays a crucial role, locally and further afield, supplying livelihoods for millions of people and a valuable habitat for flora and fauna, including the endangered Amur tiger.
Perhaps inspired by the success of Ozon Travel, Ulmart, Russia’s leading online retailer, has officially announced its entry into a new field of activity: Ulmart Travel.
Source - marchmontnews.com
Moscow Seed Fund, an institutional early-stage investor, and AddVenture, another Russian VC fund supporting Internet projects, are investing $347,000 in Chefmarket, an innovative Russian hybrid of a grocery store and a restaurant, the RVC web-site reported.
ADM Capital’s funds, KCRF and KGF, members of a group of funds with the participation of Kazyna Capital Management JSC (owned by National Management Holding “Baiterek” JSC) and the European Bank for Reconstruction and Development (EBRD) announce completion of the acquisition of the controlling stake in Chaplin Cinemas network. Investments of the Funds will be aimed at expanding the project as well as developing the competitive and transparent film-distributing industry in Kazakhstan.
Macroscop, a Russian startup developing software for IP videocameras, signed earlier this month one of its first international contracts with Bahrain’s MHS-Technologies.
The European Bank for Reconstruction and Development (EBRD) has invested over RON 320 million (equivalent to €75 million) for an 8.6 per cent stake in Romania’s electricity distribution company S.C. Electrica S.A., as the firm moves towards privatisation in the country’s largest-ever IPO. Continue reading
The European Bank for Reconstruction and Development (EBRD) is organising a financing programme of up to €7.1 million to construct and bring into operation a 2.25 MW biogas plant, adjacent to Rokytne sugar mill in the Kiev region. The plant, which will be the largest facility of this type in the country, will generate electricity to be sold to the national grid at the agreed “green” tariff. Continue reading
Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik.
Middle Eastern investors are expected to spend US$180 billion in commercial real estate markets outside of their own region over the next decade, according to the latest research from global property advisor CBRE.
The Asian Development Bank (ADB) has approved a $300 million loan to help India’s northeastern Assam state continue its drive to eliminate power sector inefficiencies that are hurting its consumers, its world-famous tea industry, and its environment. Continue reading