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Tag: Summa

Russia’s Transneft vs Summa Group: wheels within Dagestani wheels?

Feb 11, 2013 7:03pm by Isabel Gorst
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Nikolai Tokarev, the president of Transneft, Russia’s state oil pipeline monopoly, rarely gives interviews let alone criticizes the company’s business partners in public. So it’s puzzling to see the former KGB officer airing complaints about the Summa Group, Transneft’s co-shareholder at Novorossiysk Commercial Sea port, Russia’s biggest stevedoring company. Continue reading »

Tags: , , , , , Posted in Europe, Russia |

Showdown looms over Novorossyisk stake sale

Jan 14, 2013 7:14pm by Courtney Weaver
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A new year, a new group of Russian companies that are slated for privatisation.

One of the first up looks to be Novorossiysk Commercial Sea Port, the country’s biggest port operator. Yet so far things haven’t exactly gone as advertised. And the plot is only getting murkier. Continue reading »

Tags: , , , , , , Posted in Europe, Russia |

Russia: the politics of oligarchy 2.0

Jul 4, 2012 4:57pm by beyondbrics
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By Catherine Belton and Stefan Wagstyl

The rise of Ziyavudin Magomedov’s Summa Group from little-known oil pipeline builder to co-owner operator of Russia’s biggest ports group is testimony to the appearance of a new generation of oligarchs in Russia, this time with close ties to Dmitry Medvedev, the outgoing president who now serves as prime minister.

Summa is positioning itself to benefit from a new state sell-off of assets being driven by Medvedev that could eventually lead to the biggest transfer of state ownership since the privatisations of the 1990s. Continue reading »

Tags: , , , , Posted in Russia |

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Global equities macromap

Number of the day

-0.2% Fall in Polish retail sales in April, rather worse than 1.1 per cent growth expected.

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