Edition:
United Kingdom

Olga Popova

Russia's X5 retailer focuses on growing demand for convenience foods

15 Aug 2019

MOSCOW Russia's top food retailer X5 is gearing up to compete with burgeoning online players to meet growing demand for convenience foods from time- and price-conscious consumers, Chief Executive Officer Igor Shekhterman told Reuters.

Russia's Gazprom sells discounted 2.9% stake to one bidder, raises $2.2 billion

26 Jul 2019

MOSCOW Russia's Gazprom, the world's largest conventional gas producer, has raised about $2.20 billion from selling a 2.9% stake to a single buyer at a large discount to the market price.

UPDATE 2-Russia's Gazprom sells discounted 2.9% stake to one bidder, raises $2.2 bln

26 Jul 2019

* Gazprom says there was one buyer (Adds details, background)

Russia's Gazprom to sell 3% of own shares, bids exceeded $3 billion

25 Jul 2019

MOSCOW Russia's Gazprom , the world's largest conventional gas producer, has received bids worth $3.15 billion for 3 percent of its own shares that it decided to sell after the stock hit its highest level in more than a decade.

Russia's Sberbank in talks to buy retailer O'Key: sources

11 Apr 2019

MOSCOW Russia's largest lender Sberbank is in talks to buy mid-sized food retailer O'Key, six industry sources told Reuters.

Russia's Sberbank in talks to buy retailer O'Key - sources

11 Apr 2019

MOSCOW, April 11 Russia's largest lender Sberbank is in talks to buy mid-sized food retailer O'Key, six industry sources told Reuters.

Russian poultry group Cherkizovo in talks to buy rival Prioskolie- sources

02 Apr 2019

MOSCOW, April 2 Russian poultry producer Cherkizovo Group is in talks to buy major local rival Prioskolie, two industry sources and an official in Belgorod, one of the country's leading agricultural regions, told Reuters.

Russia's Sibur's IPO won't take place before autumn -bankers

15 Mar 2019

MOSCOW, March 15 Russia's largest petrochemicals company, Sibur, does not plan to conduct its initial public offering (IPO) before this autumn, as it is waiting for its huge new plant in western Siberia to be launched first, four banking sources close to the deal said.

Russian stake sales continue with TCS founder's $150 million deal

14 Mar 2019

MOSCOW The founder of Russian lender TCS Group sold $150 million of its global depository receipts (GDRs) on Thursday, the second time this week that a Russian billionaire has cashed in on an investment amid favourable market conditions.

Bankers suggest Russian firms delist as sanctions uncertainty bites

07 Feb 2019

MOSCOW Uncertainty caused by the expansion of U.S. sanctions on Russia last year has pushed companies' share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges.

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