M&A news for 10 January 2012

Banking/Metals

VTB has acquired 20 percent of Metalloinvest for an estimated USD 2.5 billion. It is assumed that this is the stake of Vasily Anisimov, who had been trying to sell the stake for a considerable period of time. He allegedly owed over USD 1.5 billion in debt to VTB.

Oil & gas

According to the Turkish antimonopoly authorities, Prima Energy Trading, a unit of Gazprombank, is seeking a 26 per cent interest inTurkish wholesale gas trader Avrasya Gaz.

Talks between the state-owned oil & gas producer Rosneft and Sintez Group on the acquisition of its asset Sintezneftegaz, which owns licences to develop deposits in the Barents Sea, have broken down. Similarly plans to acquire Chernomornefetgaz, owner of assets in the Black Sea, from companies linked to Vladimir Lisin have proved abortive owing to differences on price and other terms.

Telecoms

VimpelCom has agreed to sell a majority interest in Algerian operator Djezzy to the Algerian authorities. The mobile operator acquired the interest under a USD 6 billion deal to assume control of Orascom Telecom from Egyptian billionaire Naguib Sawiris. It had hoped to retain this interest, only for the Algerian authorities to indicate that they wanted to nationalize Djezzy.

Coal

Itera has sold the Apsatsk coking coal deposit to SUEK, after previous plans to sell it to China’s Winsway fell through.

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