Doubts linger on Opel deal
Published: 26 June, 2009, 17:42
General Motors wants to keep the right to buy back Opel’s shares, which is giving the Sberbank-Magna consortium doubts about the deal to buy GM's European operations.
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Major Russian oil companies will pay a 2008 annual dividend despite the collapse of oil prices and sales towards the end of the year. At shareholder meetings this week, most are also outlining strategic plans.
Russia’s fishing industry is one of the few sectors growing this year despite the crisis. But the sector is still heavily dependent on imports with Market players saying legislation is holding the industry back.
So the bankers are back to their old ways. The financial reforms, that three months ago politicians told us were urgent, are rusting by the roadside.
The world's largest cement maker, French company, Lafarge, is planning to invest 1-2 billion euro in the Russian cement industry over coming years.
Deals have been thin on the ground at the MAKS air show near Moscow, with Military planes stealing the show, while civil aircraft production needs state support and foreign technology.
Tuesday saw Italy's Alenia Aeronautica and Russia’s Sukhoi Civil Aircraft closed a deal on the purchase of 25 % plus one share in Sukhoi Civil Aircraft - the manufacturer of the Superjet 100.
America's Silicon Valley founders suggest “taking government out” and letting Russian startups grow through private money, but some also note that Russian factors lead to more government involvement.
04.11.2009, 20:32
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The GM decision to back out of the planned sale of a 55% stake in Opel has sparked an angry response in Berlin and concern in Moscow, after months of negotiations went nowhere.
30.05.2009, 16:28
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Germany's Opel has been sold – with a joint-Russian-Canadian bid the winner in the race to buy one of Europe's oldest and most well-known carmakers.
18.06.2010, 17:07
4 comments
Russian President, Dmitry Medvedev, has announced that Russia will abolish capital gains taxes on long term direct investments, in order to boost economic modernization.
Published: 26 June, 2009, 17:42
General Motors wants to keep the right to buy back Opel’s shares, which is giving the Sberbank-Magna consortium doubts about the deal to buy GM's European operations.