Sberbank Offer May Top $11 Billion

Article Abstract:

Sberbank of Russia is launching approximately 3.5 million new shares that could earn greater than $11 billion. The financial house is 64 percent owned by the Russian government, whom is selling 892,601 new shares, projecting the stake to drop to approximately 57 percent.

Commercial Banks, Banking industry, Economic aspects, Sberbank, Financial report

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Russia's Uralkali discontinues plan for London ipo

Article Abstract:

JSC Uralkali of Russia is to launch an initial public offering on the London Exchange as it couldn't raise funds from investors. The fertilizer company had planned to raise $1.1 billion in the largest initial public offering since OAO Rosneft also of Russia.

Agricultural Chemicals, Fertilizer industry, Going public (Securities), Initial public offerings, Company public offering

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E.On plans asset swap

Article Abstract:

Germany's E.On AG and Norway's Statkraft have announced a 9.9 bil-euro asset swap. E.On will take over the 44.6% stake Statkraft owns in E.On Sverige, while Statkraft will obtain a stake in E.On exceeding 2%.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Germany, Company investment, Investments, Norway, Statkraft, E.ON AG

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