Cukurova Holding AS must pay $1.56 billion to recover a disputed 13.7 percent stake in Turkey’s biggest mobile-phone operator from Russian Alfa Group, raising investors’ hopes for a payout of unpaid dividends between 2010 and 2012.
OAO Aeroflot, Russia’s largest airline, plans to establish a discount division at a cost of $100 million over two years after specialist no-frills operators EasyJet Plc and Wizz Air Ltd. targeted its home market.
OAO MegaFon, Russia’s second- largest mobile-phone operator, will pay owners TeliaSonera AB, AF Telecom and Altimo $5.15 billion in dividends and pursue an initial public offering in London, ending a governance dispute.
Russia’s Alfa Group plans to buy 28 percent of Regal Petroleum Plc, an oil and gas producer with natural-gas assets in Ukraine, Kommersant-Ukraine newspaper reported, citing Mikhail Khabarov, the president of investment company A1, a division of Alfa Group.
Alisher Usmanov, Russia’s richest person, moved control of most of his $20 billion fortune last year to a holding company based in the British Virgin Islands, a collection of more than 60 isles 5,600 miles away from Moscow.
Billionaire Mikhail Fridman offered to buy out investors in Orascom Telecom Holding SAE, a unit of the world’s sixth-largest mobile operator, after his Alfa Group sold out of a Russian oil producer for $14 billion.
Billionaire Mikhail Fridman’s Alfa Group said it’s ready to trump lender VTB Group’s bid for Tele2 AB’s mobile-phone assets in Russia and is considering a takeover of the entire Swedish telecommunications company.