Today in Russian Business – Sept 23, 2008
Source: http://www.robertamsterdam.com/2008/09/today_in_russian_business_sept_17.htmPosted on Tuesday, September 23rd, 2008 | In Russia
Russia’s stock markets extended losses Tuesday as the Standard & Poors ratings agency revised its long-term outlook on seven Russian banks over liquidity concerns. Eurocement Holding today purchased6.52% of voting shares of Switzerland’s Holcim – the world’s second largest cement producer – on the open market. The Dubai government’s sovereign wealth fund, Dubai World, has pulled out of a $5.3 billion deal to buy control of Russian power firm OGK-1 due to poor market conditions, stated a source. Onexim Group today acquires a 50% stake in Renaissance Capital investment bank for $500 million, director general of the company said yesterday. The president of the company Mikhail Prokhorov stated that Renaissance Capital is planned to become the basis for a global investment bank.
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cement producer, Dubai, Dubai government, Eurocement Holding, Holcim, Investment Bank, Mikhail Prokhorov, Onexim Group, Renaissance Capital, Russia, Russia, Standard Poors, Switzerland, USD
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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