Metro retailer to invest €100 million in Moscow region
Metro retailer will invests until 2020 about €100 million in the development of its projects in the Moscow region, Russia, the director of Metro AG for public and corporate communications Daniel Florian announced on Wednesday.
Step Agriculture Holding starts mass construction of dairy farms
Step Agriculture Holding, a company belonging to AFK Sistema, is considering construction of dairy farms in the Moscow, Rostov and Stavropol regions, in Russia, Chairman of the holding’s Board of Directors, Ali Uzdenov, told reporters on Wednesday.
Pamplona Fund buys Parexel for $5 billion
Pamplona Capital Management investment fund has reached a final agreement to purchase the pharmaceutical company Parexel for $5 billion, as it follows from the Fund’s report.
Over $50 million to be invested in bridge construction
The authorities of the Perm region, Russia, and Perm Concession Company, a subsidiary of II Holding incorporated in VTB Group, have signed a concession agreement on bridge construction across the Chusovaya River and access roads to it.
Transformer building for hockey school to be erected in North Caucasus
A children’s hockey school in honor of the legendary hockey player, two-time Olympic champion Vyacheslav Fetisov will open in Magas, the city of the Republic of Ingushetia, Russia, Interfax news agency reports on Wednesday with a reference to informed sources in the regional government.
Italians to take part in metro building in Yekaterinburg
Italian companies are willing to participate in designing and construction of the second metro line in the Russian city of Yekaterinburg, Italy’s Ambassador to Russia, Cesare Maria Ragaglini, told reporters at a press conference on Tuesday.
Russia to consider proposal for establishing Audi car production
The Industry and Commerce Ministry of Russia has not yet received an official offer from Volkswagen Group regarding the establishment of a full-cycle manufacture of Audi cars in Russia, but the body is willing to consider such a proposal.
Seattle Space Needle planned to be reconstructed
The American company Olson Kundig Architects has presented its plan for the reconstruction of the symbol of the city of Seattle, Space Needle observation tower, RIA Novosti reports on Tuesday.
Fosun Group becomes majority shareholder of Russian Voentorg
The Chinese Fosun Group and Аvica Management Company have closed a deal on the purchase of Vozdvizhenka Center office complex (formerly known as Voentorg, a landmark military store built in 1913), Vedomosti reports on Tuesday with a reference to real estate market consultants.
Tikkurila to build €35-million paint manufacturer near St Petersburg
Tikkurila, the leading paint company in the Nordic area and Eastern Europe headquartered in Finland, is likely to invest 30-35 million euro in construction of a paint manufacturer in the territory of Greenstate industrial park located near St. Petersburg, Russia.
New railway to be built near Ryazan
The authorities of the Ryazan region, Russia, plan to build a new railway bypassing the regional capital city from the south.
Rosatom to sign contract for building nuclear center in Zambia
Rosatom State Nuclear Energy Corporation expects to sign a basic contract for construction of a nuclear science and technologies center, president of Rusatom Overseas incorporated in Rosatom, Yevgeny Pakermanov, told reporters on Monday.
$2-million greenhouses to be built in Irkutsk region
The Corporation of the Irkutsk Region’s Development will invest 100 million rubles (more than $1,7 million) in construction of greenhouses and vegetable storehouse in this region of Russia.