VTB Capital

Atanas Djumaliev, the head of global commodities at VTB Capital - the investment banking arm of Russia's second-biggest bank VTB - explained in an interview his firm's cooperation with Greek industrial group Mytilineos's Aluminium of Greece.

Global Investment Holding has announced it will soon start the initial public offering process for its port investments in the London Stock Exchange for an expected IPO volume at around $250 million. 

Turkey's Limak Holding, Russia's VTB Capital and Switzerland's Flughafen Zuerich will together bid for the 35-year operation rights of an airport in the Bulgarian capital Sofia, a source close to the matter told Reuters. 

In September Bulgaria extended the deadline for bids in the tender by a month, to Nov. 18, due to increased interest in the process.

Russia's Economy Ministry has chosen three domestic investment banks to organize the privatization of large state companies this year, it said on April 4.

It chose VTB Capital to arrange the privatization of oil company Bashneft, Sberbank CIB for the privatization of diamond miner Alrosa and Renaissance Broker for the privatization of VTB Bank, it said in a statement.

The Bulgarian Competition Protection Commission has given the green light to the acquisition of Vivacom, a key Bulgarian telecoms operator, by Bulgarian businessman Spas Rusev.

There are two bidders to acquire Bulgaria's Vivacom, in an auction that started Thursday morning and has been going on for more than 12 hours.

Bulgarian daily 24 Chasa wrote Thursday evening it was "nearly a hundred percent certain" the two candidates were Spas Rusev (a Bulgarian) and Panos Germanos (a Greek citizen who joined forces with hedge fund Third Point).

VTB Capital plc announced Wednesday it had hired one of the big four audit, consulting and advisory services firms to advise on the immediate sale of the leading Bulgarian telecom operator Vivacom.

VTB is currently a security agent for a EUR 150 M bridge loan to the indirect holding company of ("BTC EAD") Vivacom - Luxembourg-based Investment S.a.r.l (InterV).

The sharp decline in Russia's economy may have almost run its course, official data showed on July 28, slowed by a huge devaluation of the ruble and heavy government spending on anti-crisis measures. 

Recovery prospects are cloudy, however, with many analysts warning of a sluggish rebound at best. 

Paris-based LIC33, a private capital investment company, has acquired 43% of Bulgaria's telecommunication operator Vivacom (www.vivacom.bg) and about 91% each of ammunition plant Dunarit (http://www.dunarit.com) and military aircraft repair plant Avionams (

Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.