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May 2007 |
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Lancaster
Invest sold 50% of RTS Perekrestok JSC to the French group JC Decaux.
JC Decaux is one of the leading outdoor advertising companies operating
in all areas of the market: street furniture, billboard, transport
advertising and digital. Through this acquisition JC Decaux, which
ranks first in Europe and second in the world, has entered Kazakhstan
advertising market.
The Board of Directors made a decision
to dismiss D. Smagulov from the position of the President of KKM
Operating Company due to his move to another job. A member of the Board
of Directors, Andrey Shovkoplyas was appointed as President of the
company.
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April 2007 |
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Syrymbet engineering and construction works have started, with production expected to begin at the end of the year or early
2008.
Lancaster Invest acquired 50% of the gold company Data Mining LLP and
35% of the pharmaceutical company Global Pharm LLP. The project G-Net
was launched by G-Media JSC in Aktobe, Karaganda and Ust-Kamenogorsk.
Same month the company announced that Askar Amrin, former Vice-Minister
of the Finances of the Republic of Kazakhstan, joined Lancaster Invest
as Vice-President.
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March 2007 |
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Alatau Hospitality Limited has been registered in Cyprus as a
co-venture between teh existing shareholders of the Lancaster Group and
Mr. Frank Orenstein. The new company has been formed as a result of
negotiations started in September last year. A successful hotel
developer, Mr. Orenstein brings an extensive experience in hotel
industry to contribute to Alatau Hospitality. Prior to forming Alatau
Hospitality, Mr. Orenstein was the Chairman of Hospitality Investors
Group (HIG), a consortium of private equity investors who own and
operate strategic hotel assets in Europe, Africa and North America.
Lancaster Invest acquired 80% of RTS Perekrestok JSC, a leading
Kazakhstan street furniture advertising company. Formed in 1998, RTS
Perekrestok operates 730 bus shelters in 14 major cities, most of them
in Almaty and Astana.
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February 2007 |
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Lancaster
Invest reported that the Global New Life pharmaceutical project was
approved by shareholders of the Advant Venture Fund. Also, Advantage
Closed Unit Investment Trust was established and registered with the
Agency of the Republic of Kazakhstan for regulation and supervision of
financial markets and financial organizations (AFN).
KazInvestBank (KIB) signs an agreement with the EBRD under its Trade
Facilitation Program. Facility amount is $10 million for up to 2 years.
This facility will allow KIB to extend financing to its customers for
international trade related transactions, i.e. to provide loans to its
clients in metal and oil product industries, FMCG and in grain.
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January 2007 |
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KKM Operating Company (KKM OC) reported oil production for 2006 increased up to 106,700 tons.
Lancaster Invest signed the Consulting Agreement with KKM Operating
Company (KKM OC). The License for Management of Investment Portfolios
was granted to Lancaster Invest by the Agency of the Republic of
Kazakhstan for regulation and supervision of financial markets and
financial organizations (AFN). The company also announced the
appointment of Iliyas Kaziyev as Vice-President.
Following the discussions initiated in September 2006 between Lancaster
Group and Mr. Frank Orenstein on establishing a hospitality investment
company, the venture has acquired a 50% interest in a new hotel, villa
and marina project under contsruction on a private island in the
Seychelles. Raffles Hotels and Resorts will operate the development on
completion in 2008.
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National
Innovation Fund of Kazakhstan has made a successful exit from Advant venture
fund earning 50 mln tenge profit
...
Eurasian Development Bank (EDB) has granted Syrymbet JSC credit of $48,7 mln for implementation of the tin production project
...
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