Russia 111206 Basic Political Developments
Merged Bourse Mulls Future
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- Uranium One sets terms for Russian bond offer
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Merged Bourse Mulls Future06 December 2011 Vedomosti The combined MICEX-RTS stock exchange will need a bigger office and a more powerful data center, MICEX president Ruben Aganbegyan told Vedomosti. Neither of the existing offices, on Ulitsa Vozdvizhenka and Bolshoi Kislovsky Pereulok, is suitable for all the employees. The question whether to rent or buy a new facility, and where it should be located, is currently under discussion, Aganbegyan said. A new data center could also be needed. “We are even now offering services around placing servers of the exchanges and market players in one facility. The services are very much in demand, and we understand that there will be even more demand and our current option might not suffice,” Aganbegyan said. There is an idea about building a new data center, Aganbegyan said, but no final decisions have been made. Read more: http://www.themoscowtimes.com/business/article/merged-bourse-mulls-future/449282.html#ixzz1fk3SxDZW The Moscow Times Uranium One sets terms for Russian bond offerhttp://ca.reuters.com/article/businessNews/idCATRE7B41G220111205 Mon Dec 5, 2011 11:28am EST TORONTO (Reuters) - Canadian miner Uranium One said on Monday it had negotiated the commercial terms for a five-year Russian bond offering worth $463.5 million. The ruble-denominated bonds, which will be the first to be issued by a foreign-listed company in the post-communist Russian Federation, will be traded on Russia's MICEX exchange. The interest rate is set at 6.74 percent, payable semi-annually from the date of issue. Shares of Uranium One were up 3.38 percent at C$2.45 on Monday morning on the Toronto Stock Exchange. Last month, Uranium One registered a prospectus with Russian securities regulators for a bond offering valued at up to $950 million. The Toronto-based uranium producer is developing the Mkuju River uranium project in Tanzania, which it has the option to buy from its majority shareholder, JSC Atomredmetzoloto (ARMZ) for about $1 billion. Uranium One, which owns projects in Kazakhstan, Australia and the United States, is 51.4 percent owned by ARMZ, a division of Russia's state-owned nuclear giant Rosatom. (Reporting by Julie Gordon; Editing by Peter Galloway) MRSK London Listing for Future Fund Raising06 December 2011 Reuters
Power grid company MRSK is scheduled to list its shares in London this week, a move it hopes will boost the liquidity of its stock and enable it to raise funds in the future, a company spokesperson said. The technical listing, in which no money is raised, will see MRSK list 25 percent of its stock as global depositary receipts — the maximum allowed under Russian securities regulations — on Thursday. The federal government owns a more than 50 percent controlling stake in MRSK, while state-controlled Gazprom has 10 percent. MRSK was judged by analysts to be the power group worst affected by the government's u-turn on proposed household electricity tariff rises earlier this year. The company is a holding group for several local electricity distribution grids. 
Its shares are down 47.5 percent this year, valuing it at about $4 billion, while Russia's RTS Electric Utilities Index is down 29 percent. The company was expected to receive more share price support from its recent inclusion in the MSCI Russia Index, which is used by emerging market investors worldwide to track Russian shares. MRSK chief executive Nikolai Shvets said in October the company was preparing to hold a technical London listing of up to 25 percent of its shares in December. The move was aimed at getting greater investor exposure ahead of a possible privatization after President Dmitry Medvedev said in March it might make sense to further privatize MRSK to boost efficiency in the power sector. Rival state-controlled grid firm FSK completed the listing of its secondary shares in London at the end of March. A wave of Russian companies have recently sought premium listings of their shares, with some large enough to seek inclusion in the FTSE-100 Index. Mining companies Polymetal and Evraz recently started trading as premium companies. Russian potash miner Uralkali has also said it is considering a full stock market listing in London next year. Read more: http://www.themoscowtimes.com/business/article/mrsk-london-listing-for-future-fund-raising/449288.html#ixzz1fjW0oith The Moscow Times Yandex to go international http://www.bne.eu/dispatch_text18172 bne
Russia’s internet search engine Yandex will move into non-Russian language markets in 2012, company General Director Ardkady Volozh said at a conference in Moscow December 5, reports Interfax. According to Volozh, there are currently only three internationally search engines, and in many countries in South America, Southern Europe, and Asia Google has an effective monopoly. "We see these markets as natural niches for us," Volozh said, according to Interfax. "The appearance of a second search engine will lead to some market redistribution," he added. Volozh said the Turkish market would serve as a test case for Yandex to go international. "In six months to a year, it will be possible to announce some results of entering foreign markets," he said. "Then it will be possible to make specific plans for moving onto other markets," he said. Yandex already started expansion into Turkey in September 2011. According to Interfax sources, Poland is also an interesting prospect. Yandex IPO-d on the Nasdaq in May 2011, raising a warchest of $1.43bn to fund further expansion and support competition with Google. Directory: gifiles -> attach attach -> British Forces – Akrioti, Greece Griffin Fighter Squadron (84 Squadron raf) MoD announced possible Typhoon and Tornado arrivals to the base France attach -> Russia 110204 Basic Political Developments attach -> Unclassified//for official use only attach -> Adaptability Sustainment attach -> Pop-up 1 ("C" Chechnya) Header Text: Emir of the Caucasus Emirate Doku Umarov Image attach -> Russia and Islam are not Separate attach -> Chapter 13: The Northern Caucasus attach -> Russia 100209 Basic Political Developments attach -> The evolution attach -> The devolution Download 289.68 Kb. Share with your friends:
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