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By John Helmer, Moscow The attempt by the Evraz steel group, owned by Roman Abramovich and others, to sell its South African steelmaking asset, Highveld Steel & Vanadium, for double its market value appears to have failed. The deadline Evraz had earlier announced for closing the deal with a South African front company called Nemascore […]

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By John Helmer, Moscow A spate of advertisements for an initial public offering (IPO) of shares, accompanying several rouble bond issues, makes the Lenta hypermarket chain of St. Petersburg appear to be diversifying its investor base with promises of strong growth and a wager on rising Russian consumer spending. In fact, Lenta’s largest shareholder, the […]