Alnair Capital Holding, an Abu Dhabi fund, has completed the acquisition of another 10% in Kazkommertsbank, increasing its stake to 28.6%, the bank reports (the transaction was announced in mid-December); we believe the bank’s free float declined to around 7%, as the main shareholders’ stakes are unchanged
Telecommunications Minister Igor Schegolev might replace Leonid Reiman (former telecoms minister and now a presidential advisor) as Svyazinvest’s board chairman, RBC Daily writes. The list of the state’s nominees to the Svyazinvest board is to be finalized by end-January. We believe that the telecoms minister heading the company’s board would effectively cement a common policy between the two entities
RusHydro’s board has replaced Deputy Energy Minister Vyacheslav Sinyugin and former acting CEO Vasily Zubakin on its strategy committee with Deputy Energy Minister Stanislav Svetlitsky and George Reginashvilli, who recently came to RusHydro with the InterRAO management team
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