Kcell and Megafon shrug aside Goldman Sachs effect November 29, 2012 In the end, the decision by Goldman Sachs to extricate itself from a leading position on the syndicate of banks advising Russia’s leading mobile telecoms group Megafon on its £7bn London and Moscow flotation didn’t turn out to be fatal. And although Goldman didn’t advise on the London flotation of Kazakhstan-based telecoms group Kcell, fears [...]
Great Scot! It’s Aberdeen Asset’s Caledonian awards November 28, 2012 TO Ranald MacDonald’s Boisdale restaurant for the Aberdeen Asset Management Great Scot Awards 2012. Bagpipes were blaring to welcome tartan–clad guests to the patriotic dinner, held in association with City A.M. and Johnnie Walker Blue Label. Winners included Lord Steel of Aikwood, fashion designer Pam Hogg, actor Jamie Sives and Olympic gold medallist Tim Baillie [...]
MegaFon prices London IPO at bottom of range November 28, 2012 Russian telephone network MegaFon this morning priced its London flotation at the bottom of a $20-$25 range, valuing the firm at $11.1bn (£6.9bn). The business is controlled by Russia’s richest man Alisher Usmanov, the part-owner of Arsenal football club. The float will raise $1.7bn with an initial free float of 15.2 per cent of shares. [...]
Usmanov seals London float as price struck low November 27, 2012 BANK advisers to Alisher Usmanov’s mobile telecoms group Megafon were last night expected to price the group’s shares at the bottom of a guided range, valuing it at around £7bn, in what is one of the largest share issues this year on the London market. Megafon is Russia’s second largest mobile phone group, controlled by [...]
Megafon set to float in London as investors line up for shares November 26, 2012 ALISHER Usmanov’s Russian telecoms group Megafon appeared to be on track to successfully pull off its £1bn plus flotation yesterday, with banks saying the controversial share sale had attracted sufficient investor demand. The listing of Russia’s second-largest mobile phone firm was nearly killed at its inception when the intention to float announcement was accompanied by [...]
Rosneft may use TNK-BP cash and loans to fund takeover November 26, 2012 ROSNEFT may dig deeper into its pockets and raise funds from TNK-BP to help finance its $55bn (£34.3bn) takeover of the Anglo-Russian oil firm that will make it the world’s largest listed oil firm by output. Rosneft said in a Eurobond prospectus, dated 23 November, that it may use its and TNK-BP’s existing cash – [...]
BP eyes a stake in new gas pipe link with Russia November 25, 2012 BP is in talks to invest in the key gas pipeline between Russia and Europe, sources said yesterday. The oil major is having preliminary discussions about taking a stake in a project to extend the Nord Stream pipeline into the UK. Nord Stream currently runs pipes from Vyborg in Russia to the German town of [...]
Benitez: Being Chelsea boss is easier than Liverpool job November 22, 2012 NEW Chelsea manager Rafael Benitez brushed off concerns over interference from Blues owner Roman Abramovich last night, insisting the Stamford Bridge job will prove easier than managing Liverpool. Benitez said Abramovich would not be involved on a day-to-day basis and that working with the Russian was preferable to his last days at Anfield under warring [...]
BP formalises tie-up terms November 22, 2012 OIL MAJOR BP, Rosneft and its parent Rosneftgaz yesterday formalised terms for their tie-up. The deal, announced last month, involves BP selling its 50 per cent stake in TNK-BP to Kremlin-controlled Rosneft, in exchange for $12.3bn (£7.7bn) and a 18.5 per cent stake in the state-backed producer. The Russian government approved BP’s purchase from Rosneftgaz [...]
City to stop Benitez beginning Bridge reign with a bang November 22, 2012 CHELSEA vs MANCHESTER CITY Sunday 4.00pm ROMAN Abramovich’s revolving door just keeps on revolving. Before Rafael Benitez had even been confirmed as his ninth appointment since 2003 than speculation began on Pep Guardiola replacing him next summer. Only a major trophy is likely to see Benitez remain in the hottest of hot seats beyond May, [...]