Fridman
Germany’s BASF agrees oil merger with Russian tycoon’s firm
German chemicals giant BASF has agreed to merge its Wintershall oil and gas unit with the DEA energy firm owned by Russia’s billionaire entrepreneur Mikhail Fridman.
Russia's Alfa 'has right to buy Turkcell stake after Çukurova deadline passes'
Turkish holding company Çukurova did not declare an intent to buy a 13.22 percent stake in Turkcell from Russia's Alfa Telecom by a Nov. 18 court deadline, a source close to the matter told Reuters on Nov. 21.
"No declaration was made by the Friday (deadline). Now in line with the court decision, the option of buying has moved to Alfa," the source said.
Russia's VTB says agrees with Alfa on Turkcell joint investment
Russian bank VTB said late on Nov. 7 it had reached an agreement with Alfa Group about a joint investment in Turkey's top mobile operator Turkcell.
The announcement comes ahead of a mid-November deadline for Russian billionaire Mikhail Fridman and Turkcell's founder Mehmet Emin Karamehmet to resolve a dispute over control of the Turkish company.
Russian Alfa Bank staff cuts won't affect Cyprus employees
Alfa Bank, the Russian lender that boasts billionaire Mikhail Fridman as its largest shareholder, is shutting its New York capital markets office and cutting headcount in London, but the staff cuts will not extend to Alfa?s bank in Cyprus, which employs 40.
[Bloomberg]