Russia 110328 Basic Political Developments

Sberbank Asks BNP as Partner on Express Credits, Kommersant Says

http://www.bloomberg.com/news/2011-03-28/sberbank-asks-bnp-as-partner-on-express-credits-kommersant-says.html
By Yuliya Fedorinova - Mar 28, 2011 7:27 AM GMT+0200

OAO Sberbank is seeking BNP Paribas (BNP) as a partner to set up an express-credit program, Kommersant said, citing people familiar with the matter.

To contact the reporter on this story: Yuliya Fedorinova at [e-mail]

To contact the editor responsible for this story: Torrey Clark at [e-mail]

Troika Not to Invest Client Money in Two Funds, Kommersant Says

http://www.bloomberg.com/news/2011-03-28/troika-not-to-invest-client-money-in-two-funds-kommersant-says.html
By Yuliya Fedorinova - Mar 28, 2011 7:41 AM GMT+0200

Troika Dialog was barred from investing clients’ money in two related offshore funds at the request of a group of investors, Kommersant said, citing Vladimir Milovidov, the head of the Federal Financial Markets Service.

To contact the reporter on this story: Yuliya Fedorinova at [e-mail]

To contact the editor responsible for this story: Torrey Clark at [e-mail]

March 28, 2011 10:51

RusHydro set to place 15 bln rubles worth of bonds soon

http://www.interfax.com/newsinf.asp?id=231903

MOSCOW. March 28 (Interfax) - OJSC RusHydro (RTS: HYDR), which operates the majority of Russia's hydroelectric power plants, is planning to raise 15 billion rubles - likely with Eurobonds - in the near future, company chief Yevgeny Dod told the press on Monday.

Asked how the money was to be raised, Dod responded, "Most likely with ruble-denominated Eurobonds." This is to be one 15-billion-ruble issue.

The company plans to finalize the selection of an issue-organizer on Monday, Dod said.

The company is also planning to raise another 15 billion rubles, Dod said. But he specified no timeframe for that.

Cf

Rusagro sets IPO price range at $14.5-18.25 per GDR

http://in.reuters.com/article/2011/03/28/rusasgro-ipo-idINLDE72R02420110328
10:34am IST

MOSCOW, March 28 (Reuters) - Russian sugar and pork producer Rusagro set the price range for its initial public offering (IPO) in London at $14.50-$18.25 per global depositary receipt (GDR), the company said in a statement on Monday.

Alfa Capital Markets, Credit Suisse and Renaissance Capital will act as organisers of the IPO, Rusagro said.

The company, which according to a source at one of the IPO organisers had been valued at $1.8 billion, seeks to raise $300 million. (Reporting by Andrey Ostroukh; Editing by Gleb Bryanski)

March 28, 2011 14:58 PM

Boeing To Study Titanium Valley Investment Potential

http://www.bernama.com/bernama/v5/newsindex.php?id=574229

YEKATERINBURG, Russia, March 28 (Bernama) -- The Russian special economic zone 'Titanium Valley' in central Russia will hold a presentation for a delegation of the Boeing Corporation here on Monday.

Governor of the Sverdlovsk Region Alexander Misharin will conduct the Titanium Valley presentation, Russian news agency, Itar-Tass, reported.

Top officials from Ural Boeing Manufacturing, the largest world titanium producer VSMPO-AVISMA, the Russian state corporation Rostechnologii, Boeing partners and the guest companies of the VSMPO-AVSIMA Corporation, namely Snecma, a major French manufacturer of the engines for commercial and military aircraft and for space vehicles, and MAG-IAS, which is a global machine tool manufacturer, will also attend in the Titanium Valley presentation, the information department of the Sverdlovsk regional governor told Itar-Tass on Sunday.

In 2009 the Boeing Corporation and the VSMPO-AVISMA Corporation launched the first titanium processing joint venture Ural Boeing Manufacturing.

The new plant is provided with the most advanced equipment and produces a new advanced titanium alloy for one of the most sophisticated civil aircraft Boeing-787 Dreamliner and Russian airliners.

The Titanium Valley includes several groups of projects. The special economic zone will develop the titanium resources at the Kachkanar iron ore deposit.

The Titanium Valley will focus on manufacturing high value added products, nuclear power industry, aviation and railway machine building and non-ferrous metallurgy.

Russian Prime Minister Vladimir Putin signed a decree to create the special economic zone Titanium Valley on December 16, 2010. -- BERNAMA

Rice Endorses Skolkovo

http://www.themoscowtimes.com/business/article/rice-endorses-skolkovo/433823.html
28 March 2011

The Moscow Times

Former U.S. Secretary of State Condoleezza Rice endorsed the Skolkovo innovation hub on Friday during a visit to the Moscow School of Management Skolkovo.

"I think that Skolkovo has a major role to play not just in the transformation of Russia — which would be important in its own right — but really in the transformation of the global environment and economy because Russia is a very important part of that global environment," Rice said during a round table entitled "modernization in the global historical context."

In attendance were students of the Skolkovo management school, Stanford University MBA students, Skolkovo business school president Ruben Vardanyan and Skolkovo Fund president Viktor Vekselberg.

Rice, who is now a Stanford University political economy professor, also said Russians are often pioneers of idea generation but lag behind in capitalizing on those ideas and bringing them to market.

Russian retailer Dixy Jan-Feb revenues up 21 pct

http://www.reuters.com/article/2011/03/28/russia-dixy-idUSLDE72R04B20110328
1:44am EDT

MOSCOW, March 28 (Reuters) - Russian food retailer Dixy (DIXY.MM: Quote, Profile, Research, Stock Buzz) on Monday reported a 21 percent rise in revenues in January-February, year-on-year to 11.7 billion roubles.

In dollar terms, revenues rose 22 percent to $393 million. (Writing by Toni Vorobyova; Editing by Andrey Ostroukh)