Russian search engine Yandex may go public on NASDAQ in June or July 2011, trading shares amounting to $1 billion, reported Bloomberg and Russian business daily Vedomosti. According to unnamed sources, the IPO would be managed by Deutsche Bank and Morgan Stanley.
SAP recognized SAP Russia as its most successful subsidiary in 2010, with the 5th highest contribution to the overall corporate revenue of all its divisions, reports Vedomosti, a Russian business daily.
Tele2 Russia, a subsidiary of a European telecommunications holding based in Sweden, announced yesterday its 2010 financial results. The Russian subsidiary generated 10.3 billion Swedish crowns ($1.6 billion) in revenue, and its EBITDA reached 3.6 bn crowns ($555 million). This is a significant increase from 2009, with revenue up by 35.5 percent and EBITDA up …
Fast-growing Tele2 Russia increases revenues and investments Read More
