RUSSIA > Austria based Hawle is set to expand operations in Russia

Hawle logo Hawle, the Austrian company which is producing high- technology shutoff valves, is set to expand operations in Russia at the company’s production site in Lipetsk Region in Russia. Hawle has been operating in the region since 2011. The agreement of cooperation and interaction which was signed between the administration of the Lipetsk Region and Hawle was singed during the visit More …

RUSSIA > Germany based DMK Group is set to acquire 100% of Russia based RichArt Group

DMK logo Germany’s largest dairy cooperative, DMK Group is set to acquire the remaining 40% shares of Russia based IKAM Richart Holding GmbH which makes DMK the sole shareholder of the Russian cheese manufacturer RichArt Group . RichArt Group is based in the Voronezh region, Russia. According to Ingo Müller, CEO of the DMK Group: “In focusing our business and expanding further More …

RUSSIA > China based CEFC to acquire 14.2% stake in Rosneft from Glencore and QIA Consortium for about $9 billion

CEFC logo photoshop CEFC, a Chinese oil company, is set to buy 14.2% stake in Rosneft from Glencore Plc and Qatar’s sovereign wealth fund with the companies only retaining 0.5 % and 4.7% of their stake respectively. Glencore and Qatar SWF will pay their debt for buying their initial stake for about $12 billion. This deal is a departure from trend in China More …

RUSSIA > Germany’s Daimler to build car plant in Russia for Mercedes-Benz with $264.04Mn investment

Unternehmenszeichen_Abb_03 Germany based Daimler is set to invest €250Mn ($264.04Mn) in new car plant for Mercedes-Benz in Russia creating more than 1000 jobs. The plant is planned to be built at Esipovo Industrial Park, about 40 kilometers northwest of Moscow. Daimler expects its first cars to leave the assembly line in 2019.   About Mercedes-BenzMercedes-Benz is a global automobile manufacturer and a More …

RUSSIA > Israel’s Frutarom Industries becomes sole owner of PTI after acquiring remaining 25% of the company for $40MN

Frutarom-Logo-sent Israel based flavor company, Frutarom Industries becomes sole owner of Russia based Protein Technologies Ingredients (PTI) after exercising its clause to take remaining 25% of the company. But 25% of the company came with hefty sum of $40 million while 75% of the company was acquires for $50 million back in 2013. PTI currently has one R&D and marketing centers More …