Lukoil free to buy Moscow network
Published: 15 February, 2008, 07:51
The Federal Antimonopoly Service has cleared Lukoil to buy the Grand filling station network in Moscow. The Association Grand network, with its 95 stations in Moscow, has been a RussNeft franchise since 2005.
It controls 12% of the fuel market in Moscow and suburbs.
Lukoil which was long rumoured to be interested in Grand has filed for clearance in January.
15.02.2008, 07:49
Severstal acquires Ireland's Celtic ResourcesRussian steelmaker Severstal has completed the acquisition of Ireland-based Celtic Resources. Severstal paid 162 million Pounds – that's about $US 319 million – for 100% Celtic, which owns gold and molybdenum mines in Kazakhstan. |
15.02.2008, 17:59
Gazprom eyes foreign assetsGazprom made third quarter profits of $US 4.8 billion for 2007 – that’s down 6% on last year, but above forecasts. The firm blamed the falling profits on lower fuel prices in Europe. The third quarter is normally the weakest for the gas monopol |
