CME struck a deal with partner Igor Kolomoisky. He’d take 49% of the Studio 1+1 group for $100 million and a small TV station he owned separately. CME keeps an option to sell the remaining 51% of 1+1 to Kolomoisky for another $300 milllion.
Michael Hedges writes: Not long ago Eastern Europe had the reputation as a major growth region for commercial media. Well-financed investors – strategic and financial – moved in. With revenue projections returning from the stratosphere a tougher look at means a smaller portfolio.Full Story Today, 22:05
BERLIN (AP) - Negotiations for the sale of General Motors Corp.'s unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday.Full Story Today, 14:28 | Associated Press
Russian "big three" mobile operator MegaFon is considering acquisition of up to 5% of shares in a competitor, VimpelCom, the business daily Kommersant reported, citing sources.Full Story Today, 12:20 | Interfax-Ukraine
Former Finance Minister and one of the Regions Party's leaders Mykola Azarov forecasts that GDP in 2009 might decline to 24%.Full Story Today, 11:40 | Interfax-Ukraine
Debt-laden Central European Media Enterprises is teaming up with Ukrainian tycoon Igor Kolomoisky in a broadcasting merger likely to make or break the Prague-listed firm's future in the country.Full StoryToday, 11:37
Dnipropetrovsk, July 3 (Interfax) - A high-ranking manager of Arcelor Mittal Kryviy Rih, a metallurgical giant located in the Dnipropetrovsk region, was hospitalized on Friday after being beaten by unidentified assailants.Full Story Yesterday, 21:19 | Interfax-Ukraine
Three unidentified individuals assaulted Oleksandr Zozulia, the director of general affairs at Arcelor Mittal Kryvyi Rih steel plant (Dnipropetrovsk region), on July 3.Full Story Yesterday, 21:00 | Ukrainian News
The Ukrainian government’s committee on European integration and international cooperation has approved a draft Cabinet of Ministers directive, approving plans to seek a loan from the World bank to finance reconstruction of hydroelectric power stations.Full Story Yesterday, 20:46 | Ukrainian News
Luhansk, July 3 (Interfax-Ukraine) – Regions Party Leader Viktor Yanukovych has called on the Cabinet of Ministers to provide OJSC Luhanskteplovoz, a leading Ukrainian locomotive producer that is owned by Russian conglomerate Transmashholding, with state orders.Full Story Yesterday, 19:53 | Interfax-Ukraine
Kyiv, July 3 (Interfax-Ukraine) - Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference Wang Gang visited on Friday Kyiv-based Antonov Design Bureau to view advanced developments in Ukrainian aircraft engineering.Full Story Yesterday, 19:49 | Interfax-Ukraine
Kyiv, July 3 (Interfax-Ukraine) – Mykolayiv-based Sandora, the leading Ukrainian juice producer acquired by PepsiCo in 2007, has started producing fizzy drinks under the FruTonus brand, according to a press release of the company.Full Story Yesterday, 18:18 | Interfax-UkraineArchive
CME struck a deal with partner Igor Kolomoisky. He’d take 49% of the Studio 1+1 group for $100 million and a small TV station he owned separately. CME keeps an option to sell the remaining 51% of 1+1 to Kolomoisky for another $300 milllion.
