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No Libel in Deripaska Dinner

... reputation. He said he would appeal the ruling. The newspaper said Rothschild flew the then-European Union Trade Commissioner Peter Mandelson from the 2005 World Economic Forum in Davos, Switzerland, to Moscow, seeking to impress aluminum billionaire Oleg Deripaska by unexpectedly bringing Mandelson to a dinner with bosses from U.S. aluminum company Alcoa. High Court Judge Michael Tugendhat said Rothschild was "seeking to please" Deripaska and Mandelson. (Reuters)

En+ Group Is Planning To Expand

Bloomberg

Oleg Deripaska's En+ Group plans to invest at least $1.5 billion to increase coal production by almost 50 percent by 2020 and is studying acquisitions in Russia, Mongolia and Indonesia. Oleg Deripaska's En+ Group plans...

Berezovsky-Abramovich Slugfest Draws to a Close

Bloomberg

... oil and metal companies for far below their real value 10 years ago. The trial ends this week after hundreds of hours of court time, millions of pounds in legal fees and witnesses ranging from kitchen staff to billionaires such as RusAl founder Oleg Deripaska. Among the allegations made against Berezovsky was a claim by Deripaska that he arrived at a meeting in a London hotel in 2000 wearing a robe and looking disheveled. That led Rabinowitz to ask Deripaska: "Have you ever seen him in the nude?"...

Mezentsev Wants Specific Timeline for Mill Closure

By Roland Oliphant / The Moscow Times

... officials made no mention of closing the plant at a meeting with environmentalists Friday, said Marina Rikhvanova, chairwoman of the Baikal Wave group. World Wildlife Fund director Igor Chestin, who said he discussed the issue with both Mezentsev and Oleg Deripaska, who used to control the mill through his Basic Element holding, said last summer that it was not a surprise. “When we met it was clear that they were quite pessimistic about the future of the mill, from an economic viewpoint. Many of...

Vekselberg's Renova Mulls Domodedovo Bid

By Roland Oliphant / The Moscow Times

... far, Vitaly Vantsev, chairman of the board of directors of Vnukovo Airport, has also said he and his partners might put in a bid for Domodedovo. Vedomosti has named Summa Group, a co-owner of the Novorossiisk Commercial Seaport, and billionaires Oleg Deripaska and Suleiman Kerimov as other potential buyers. Vekselberg was speaking after Renova’s Airport Koltsovo company signed an agreement to take 71.2 percent of Kurumoch Airport from the Samara region government. The firm also runs airports...

Sheremetyevo Soaring After Revamp

By Roland Oliphant / The Moscow Times

... Vasilenko also announced that Sheremetyevo plans to auction its 51 percent stake in Vladivostok Airport "by the middle of the year" and expects the sale to be complete by the beginning of 2013. Transport Minister Igor Levitin has named Oleg Deripaska's Basel Aero, Roman Trotsenko's Novaport and Viktor Vekselberg's Renova as potential bidders, as well as the operators of nearby Khabarovsk Airport. Vladivostok Airport is currently undergoing major reconstruction ahead of the Asia-Pacific...

Budget Air Pioneers Review Performance

Vedomosti

... airports prefer to serve the flights they are accustomed to. Budget carriers use cheap and inconvenient night timeslots, which means they attract fewer fliers. Sky Express ran up 2.5 billion rubles in debt to its suppliers and then collapsed. Now Oleg Deripaska’s Kubanskiye Airlines flies on its routes. Avianova was ultimately grounded by a shareholders’ conflict. The story may not be over, however. Chernyak says there are three groups of investors currently considering launching budget...

Analysis: Mechel Scrambles to Finance $9Bln Debt

Reuters

... banks taking part, although in pennies rather than dollars. They will be there to gain a place on the IPO,” said Barry Ehrlich, a metals and mining analyst at Alfa Bank. A state-backed loan followed by an IPO would mirror the route taken by Oleg Deripaska’s aluminum giant RusAl, which refinanced a $4.5 billion loan in late 2009 before raising $2.5 billion in a Hong Kong and Paris IPO a few months later. The RusAl IPO has been a disaster for investors, however, with the shares trading at...

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