Nov 13. VSMPO-Avisma Corporation, which is based in the Perm region and commands a third of the global titanium market, has acquired a 20% stake in Ka

Finamrus com 13.11.2007 14:32
http://www.finamrus.com/newtopics/news03C83/default.asp

VSMPO-Avisma Corporation, which is based in the Perm region and commands a third of the global titanium market, has acquired a 20% stake in Kamskaya Mining Company, a joint venture set up by Silvinit and Oboronimpex (an Oboronexport structure) that is engaged in extracting natural carnallite, a representative of the corporation's PR department told RIA Novosti. "Carnallite is the most important component for magnesium output. Thus, the purchase of a stake in Kamskaya Mining Company will enable VSMPO-Avisma to boost production of magnesium it needs to turn out titanium sponge" – the news agency reported. The corporation's spokesman declined to disclose the transaction price.

Nov 12. Sberbank has reapplied to the National Bank of Ukraine (NBU)

Finamrus com 12.11.2007 14:25
http://www.finamrus.com/newtopics/news03C73/default.asp

Sberbank has reapplied to the National Bank of Ukraine (NBU) seeking permission to acquire Ukrainian bank NRB (Kyiv), the Ukrainian bank's executive board chairman Vladislav Kravets told Interfax-Ukraine. "On November 6 Sberbank reapplied to NBU seeking authorization to take over NRB. A relevant decision could be taken within 30 days" – the banker said. As the media wired earlier, in late September NBU refused to allow Sberbank to buy the bank, as the package of documents did not meet the requirements of Ukrainian laws. Before this, Sberbank obtained authorization from the Bank of Russia to purchase 100% of the Ukrainian bank's charter capital. Sberbank intends to take over NBR for $150 mln.

Nov 9. Gazprom and British oil major BP are discussing TNK-BP's future

Finamrus com 09.11.2007 14:03
http://www.finamrus.com/newtopics/news03C63/default.asp

Gazprom and British oil major BP are discussing TNK-BP's future after a moratorium on the sale of TNK-BP stocks expires, a source familiar with the situation told the Petroleum Information Agency (PIA). TNK-BP spokesmen declined to comment, noting they are not entitled to make comments on the topic, as at issue are the shareholders and their decisions. Representatives of TNK-BP shareholders also declined to comment. Meanwhile, TNK-BP CEO Robert Dudley numerously voiced his confidence that the company's shareholding structure will not undergo any changes in the near future. He emphasized that the company's executives did not address this problem.