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News: Finance, business 24 Jul '08 | Krasnodar Krayinvestbank to float $25.6m worth of bonds Krasnodar-based Krayinvestbank has posted plans to place $25.6m worth of first-series bonds on August 8. 24 Jul '08 | Ekaterinburg Motovilikhinskiye Zavodi redeems bond coupons Perm-based metallurgic company Motovilikhinskiye Zavodi has paid out $3m to redeem the fifth coupon on its first series bonds. 24 Jul '08 | Nizhny Novgorod Complex-Oil for $337.8m vertical integration Nizhny’s oil vendor Complex-Oil plans to spend $337.8m on the introduction of a VIOC management system between 2008 and 2012. 24 Jul '08 | Kazan $85.5m worth of power stock floated Kazan’s power generating company Generiruyushaya Kompaniya has additionally floated $85.5m worth of shares. 23 Jul '08 | Rostov-on-Don NLMK pays $12m to consolidate control Metallurgic company NLMK, Lipetsk Region, has made a $12m across-the-board move to buy out stakes in all of its subsidiaries. 23 Jul '08 | Rostov-on-Don Razgulay Group nets $295m on stock floatation Belgorod’s grain and sugar manufacturer Razgulay Group has made $295m on floatation of its additional 38.1 million shares. 23 Jul '08 | Ekaterinburg Kurgan to borrow $77m to plug heat system holes Vnesheconombank is expected to open a $73 to 77m line of credit to the Kurgan regional authorities to overhaul heat supply. 23 Jul '08 | Nizhny Novgorod FIA Bank to inject $1.7bn in new housing FIA Bank has announced plans to spend $1.7bn on new housing in the Samara and Ulyanovsk Regions as 50-percent returns are expected. 23 Jul '08 | Ekaterinburg Sredneuralsky to take out $85m from VTB Ural’s Sredneuralsky Copper Plant and VTB Bank have come to an agreement on an $85m loan for the factory. 23 Jul '08 | Krasnodar Kabardino-Balkariya latest to benefit from utilities fund The Kabardino-Balkariya Republic is the latest region to be awarded a federal grant to overhaul residential utilities, Interfax reports. 23 Jul '08 | Kazan Tatenergo dumps property to focus on $1bn investment Kazan’s Tatenergo announces plans to sell its current stakes in banks and industries as a $1bn investment program is at hand. 23 Jul '08 | Nizhny Novgorod Novomirsky ore mining complex to auction, $4.3m start The Nizhny Novgorod Region plans to auction 100 percent of stock of the Novomirsky ore mining and processing complex, the region’s largest. 22 Jul '08 | Ekaterinburg Perm’s ZiD to be auctioned on August 19 Bankruptcy administrators at Perm’s mechanical engineering company ZiD are auctioning on August 19 the factory’s production platform #5. 22 Jul '08 | Nizhny Novgorod Gorodskoy Bank to float $4.8m worth of shares Nizhny Novgorod’s commercial bank Gorodskoy Bank has registered a follow-on offering of its shares worth a total of $4.8m. 22 Jul '08 | Rostov-on-Don Like cars? Malls? AAA is looking for investors AAA Group is looking for partners willing to invest in auto projects worth a total of $230m and developing projects costing over $800m. 22 Jul '08 | Tomsk Strezhevoy dumps property to cover $5m Yukos mess The Strezhevoy city government has announced an auction to sell over 80 municipal buildings worth a total of $5m to pay off funds to Tomskneft as part of the Yukos bankruptcy. 22 Jul '08 | Chelyabinsk Izhneftemash to broker $100m Rimera-Raiffeisenbank deal Udmurtiya’s Izhneftemash is acting as surety in a $100m loan-taking deal between Chelyabinsk’s oil company Rimera and Raiffeisenbank. 21 Jul '08 | Nizhny Novgorod Kirov posts 30% surge in half-year foreign trade The Kirov Region reports $557.2m worth of foreign trade in January-June 2008, a 30.6-percent increase from last year. 21 Jul '08 | Rostov-on-Don The UK’s Energomash to get $42.5 loan Belgorod-based spare parts manufacturer Energomash plans to get a $42.5 credit from the Khanty-Mansisky bank. 21 Jul '08 | Rostov-on-Don PepsiCo gulps Lebedyansky for $1.357bn Russia’s Federal Antimonopoly Service approves PepsiCo’s petition to purchase 75.53% shares of juice producer Lebedyansky for $1.4bn.

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