OAO MegaFon, Russia’s second-largest wireless carrier by customers, sought to reassure investors one day after making an initial public offering filing that revealed Goldman Sachs Group Inc. would no longer be on the share sale.
TNK-BP fell for the second day on investor concerns Russia’s third-largest oil producer will have to take on debt to help its billionaire shareholders fund their acquisition of BP Plc’s 50 percent stake in the venture.
OAO Rosneftegaz, a Russian state-run holding of which President Vladimir Putin’s ally Igor Sechin is chairman, may buy power assets from billionaire Victor Vekselberg’s ZAO Integrated Energy Systems, Vedomosti reported, citing industry officials it didn’t identify.
United Co. Rusal slid the most in a week in Moscow after Victor Vekselberg resigned as chairman of the world’s largest aluminum producer, saying the company controlled by billionaire Oleg Deripaska is facing a “deep crisis.”
OAO Gazprom and Russian billionaire Victor Vekselberg scrapped the plan to merge their power assets after failing to agree on price, Vedomosti reported, citing unidentified people familiar with the matter.
United Co. Rusal, the world’s biggest aluminum producer, recognized a $1.4 billion drop in the book value of its OAO GMK Norilsk Nickel holding, the subject of a boardroom spat that led to the chairman quitting last week.
BP Plc and its billionaire partners in Russian oil venture TNK-BP asked a New York judge to throw out claims against them seeking more than $1 billion in damages over the alleged theft of an oil company.
United Co. Rusal’s Chairman Barry Cheung, whose predecessor quit citing a “deep crisis” at the company, said the world’s biggest aluminum producer would study selling its stake in OAO GMK Norilsk Nickel at the right price.