The German DIY retailer OBI will transfer its Russian chain into trust management to be sold later, business daily Vedomosti reported on Tuesday. The decision follows several weeks of an open confrontation between the Russian management of the chain and the parent company.
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Businessmen Vladimir Potanin and Vagit Alekperov have offered bids for a controlling stake in Russia’s leading internet company, Yandex, Bloomberg reported on Friday citing sources. The bids reportedly value Yandex’s assets at nearly $7 billion and will be discussed as soon as next week, when the company’s board meets in Dubai. A final decision may…
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