MOSCOW China's Chengtong Holdings Group [SASACA.UL], a state-owned investment and asset-operating company, is in talks with Russian real estate developer Hals Development to buy the Peking Hotel in central Moscow, three sources familiar with the talks said.
MOSCOW/SEVASTOPOL, Crimea U.S. firm Best Western Hotels & Resorts, the last Western hotel chain still in Crimea, has pulled out because of sanctions imposed after Russia annexed the region from Ukraine, two hotel employees said.
MOSCOW The management of Russian homebuilder Etalon is looking at buying a stake from the company's founder Vyacheslav Zarenkov, the company told Reuters on Wednesday.
MOSCOW, July 25 The management of Russian
homebuilder Etalon is looking at buying a stake from
the company's founder Vyacheslav Zarenkov, the company, and
three sources familiar with the talks, told Reuters on
(In a June 5 article, corrects Serebrennikov's role in the production in paragraph 2 and corrects reference to his replacement's role in paragraph 3.) | Video
MOSCOW O'Key hopes its Russian discounters can mirror the rise in Europe of German-owned chains Lidl and Aldi as Russian consumers count their pennies, its chief executive said.
MOSCOW Russian businessman Boris Mints wants to sell the country's third-largest pension fund, Budushchee, after two banks in its portfolio were bailed out, potentially triggering up to $370 million in losses, five people familiar with the matter said.
Russia's electrical goods retailer M.Video and rival Eldorado, both owned by Safmar Group, have been merged in a 45.5 billion rouble ($798 million) long-expected deal.
MOSCOW U.S. pizza brand Sbarro is re-entering the Russian market, encouraged by a nascent economic recovery but wary of taking aggressive steps after its long-time franchisee fell prey to a downturn.
MOSCOW Billionaire businessman Mikhail Fridman, a member of the supervisory board of Russian food retailer X5 , said it was difficult to predict how his inclusion on an "oligarchs' list" by the United States would affect his business empire.