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October 01, 2003
Alfa Group Consortium

TNK-BP within three months intends to finish preparation of the program on exchange of minority packages of the holding branches shareholders.

TNK-BP within three months intends to finish preparation of the program on exchange of minority packages of the holding branches shareholders. Viktor Vekselberg, TNK-BP chief executive on production, declared this at the conference organized by Brunswick UBS. As he said the philosophy of the...

TAG: Other

October 01, 2003
Alfa Group Consortium

TNK-BP expects to hold the second place in Russia on a crude production

TNK-BP expects to hold the second place in Russia on a crude production. It was declared by German Han, chief executive of the company, at the press-conference on September, 30 in Orenburg. As he said, "reaching the second place in Russia on the level of a crude production is a global objective...

TAG: Other

September 17, 2003
ABH Holdings S.A.

Alfa Bank upgraded by Fitch to B+ with Stable Outlook

Alfa Bank's other ratings have been affirmed at Short-term B , Individual D and Support 4 . Alfa Bank is the commercial banking arm of the Alfa Bank Group. "The rating upgrade reflects an ongoing development of Alfa's funding base, assisted by a rapid retail deposit growth, continuing...

TAG: Financial Services

September 09, 2003
ABH Holdings S.A.

Alfa Bank increased Amsterdam Trade Bank N. V. paid-in capital to 40 million EUR

On 3 September Alfa Bank increased the capital of its subsidiary bank in the Netherlands - Amsterdam Trade Bank N. V. (ATB) to 40 million EUR. The increase was achieved through the purchase of an additional ATB equity issue in the amount of 26 million EUR. Pavel Gorbatsevich, Alfa Bank's...

TAG: Financial Services

September 03, 2003

Golden Telecom completes the acquisition of Sibchallenge Telecom

On August 6, 2003 Golden Telecom signed a share purchase agreement to acquire 100% of OOO Sibchallenge Telecom. After the receipt of regulatory approval and satisfaction of conditions precedent the deal was closed on August 27, 2003. The price of the acquisition was $15 million. Sibchallenge...

TAG: Telecommunications