Sistema: Detsky Mir Stake Sale Cancelled
Russian business conglomerate Sistema said on Wednesday the offering of Detsky Mir shares had been cancelled, after its stake in the country's largest toy retailer was frozen by court at the request of Rosneft. "Due…
Rosneft Files Lawsuit Against Sistema
Russian oil major Rosneft filed a lawsuit on Tuesday seeking 106.6 billion roubles ($1.87 billion) from business conglomerate Sistema over assets Rosneft says were removed from oil company Bashneft, Russian news agencies reported.
Russia Extends Yevtushenkov House Arrest
A Russian court extended the house arrest of Vladimir Yevtushenkov, chairman of the Sistema business conglomerate, on Friday for four months. Yevtushenkov, one of Russia's richest men, was placed under house arrest…
Glencore Courts Guinea's Iron Ore Treasures
Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, a presentation obtained by Reuters shows, although the company said it had not pitched for a stake in Simandou, the country's largest deposit.
