Deals
Russia-China Investment Fund to acquire forests products group
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
Air India awaiting government guarantees
The Indian government's guarantee for Air India was being awaited. The sovereign guarantees for Air India are being awaited for until next week in order for loans to be properly backed up with a total of Rs 2500 crore.
Rosneft inks MOU with CNPC for East Siberian venture stake purchase
Russian oil firm Rosneft signed an agreement with China National Petroleum Corp for the latter to purchase a 49% stake in the Russian oil producer's East Siberian venture.
Occidental Petroleum Corp to sell minority stake in Middle Eastern and North African businesses
Oil firm Occidental Petroleum Corp would be selling minority shares in some of its operations to increase shareholder value.