10 Updates

UPDATE 1-Russia's MegaFon gets nod for $2 bln IPO - sources

Source: Reuters, Nov 10 2012, 2:39pm CST

* UK regulator gives unofficial green light - sources MOSCOW, Nov 10 (Reuters) - Russia's No.2 mobile phone company, MegaFon, is likely to go ahead with its planned stock market float in London this year afte ...

Continue reading on: Reuters

 
 
Update
10

8 hours ago

Man detained for hurling rock at Brazil Embassy in Moscow

Source: Voice of Russia  |   May 18 2013, 8:06am CDT

A Russian defector, former Russian security officer and a body guard of Boris Berezovsky Alexander Litvinenko suddenly died in London in November 2006 with symptoms of what British forensic experts described as poisoning with radioactive pol ...

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Update
9

1 day ago

Formula One's $12bn IPO on track

Source: Guardian Unlimited  |   May 17 2013, 11:03am CDT

Private equity firm CVC Capital is targeting a $12bn (£7.8bn) market capitalisation for Formula One in its planned flotation on the Singapore stock exchange, according to a source close to the company. The initi ...

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Update
8

26 weeks ago


Quote:
"We intend to complete the IPO this year and that will be on the basis of an approved prospectus from the UKLA"


Source: Reuters

 

Latest Business News

 
Update
7

1 day ago

Vimpelcom plans to delist Orascom stock-sources

Source: Reuters  |   May 17 2013, 8:16am CDT

CAIRO/MOSCOW May 17 (Reuters) - Emerging markets telecoms group Vimpelcom wants to delist Cairo-based subsidiary Orascom Telecom Holding (OTH) from the Egyptian and London stock exchanges so it can manage it directly, two sources said on Friday. ...

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Update
6

2 days ago

Moscow

Source: Travel Blog  |   May 16 2013, 11:13am CDT

I pull out of Saint Petersburg on the evening express train and arrive at Moscow after 11 in the evening. I emerge from the train into light drizzle,the first unfrozen precipitation I've encountered on my trip。I dash out of the hulking train ...

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Update
5

2 days ago

Market Chatter-Corporate finance press digest

Source: Reuters  |   May 15 2013, 11:24pm CDT

May 16 (Reuters) - The following corporate finance-related stories were reported by media on Thursday: * Dish Network Corp has lined up four banks to finance its $25.5 billion bid for Sprint Nextel Corp, escalating the b ...

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Update
4

3 days ago

Carlyle-backed General Lighting Plans Saudi Share Sale-Sources

Source: PE Hub  |   May 15 2013, 11:45am CDT

Drop us a tip! General Lighting Co, a Saudi Arabian company part-owned by Carlyle Group, plans to sell its shares on the Saudi stock market, paving the way for the private equity firm to exit its stake, Reuters is re ...

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Update
3

3 days ago

UPDATE 2-MegaFon muscles ahead in Russian mobile market

Source: Reuters Mobile  |   May 15 2013, 8:49am CDT

* Lower costs propel margins ahead of competitors MOSCOW, May 15 (Reuters) - MegaFon has overtaken its main competitor in Russia's cut-throat mobile phone market, posting bumper earnings on Wednesday to help ...

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Update
2

3 days ago

UPDATE 1-MegaFon beats profit forecasts, raises guidance

Source: Reuters  |   May 15 2013, 2:33am CDT

MOSCOW, May 15 (Reuters) - Russia's No.2 mobile phone operator MegaFon raised its core profit margin guidance on Wednesday after beating earnings forecasts and announcing a lavish dividend, sending its shares 6 percent higher. The newly-li ...

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Update
1

3 days ago

Copyright Holders Will Define Details Of UK's Orphan Works Bill, But Not The Public

Source: Techdirt  |   May 15 2013, 2:02am CDT

The UK's new orphan works legislation allows works to be classed as orphans only after a "diligent search" has been conducted to find the owner. The fear expressed by some is that this "diligent" search won't be very diligent, allowing ...

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