Page 19 - bne_newspaper_October_05_2018

Eastern Europe
October 5, 2018 www.intellinews.com I Page 19
bne:Tech
May, 2018 www.intellinews.com @bneintellinews
Avast to enter London bourse in bid to raise up to $1bn Jaroslav Hroch in Prague
Avast, which owns the popular consumer antivirus company AVG, will apply to list its shares on the London Stock Exchange in the hope of raising $200mn (CZK4.1bn) in primary proceeds from an IPO, the Czech-founded company announced on April 12.
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St Petersburg's start-up scene flourishes on high talent and low costs
Contents
Avast to enter London bourse
in bid to raise up to $1bn 1 Avast to enter London bourse in bid to raise up to $1bn 2 St Petersburg's start-up scene
flourishes on high talent and low costs 3 Romania entrepreneur aims to put home-grown UAV defence technology industry on the map 6
FinTech
Russia's mobile major MTS increases stake in Ozon to 16.7% 9
Blockchain
Romanian startups at the heart
of blockchain energy trading rally 10
Central Europe
Russian-Lithuanian startup Gosu.ai
raises $1.9mn from Russian and
French investors 13
Eurasia
Iran hit by cyber attack that left US
flag on screens 14 Iranian government set to block hugely popular Telegram messaging app 15 Iran's black market phone disconnection drive pushes up legal mobile imports 15
Eastern Europe
Internet catches up with TV on Russian
ad market 17 Sales of connected appliances jump
in Russia 17 Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 18 Russia ranks second in the world
for digital piracy 18 Russian messaging service Telegram raised another $850mn with ICO 19
Southeast Europe
Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 20
The Regions This Month 21
Filip Brokes in St Petersburg
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liquidate Naftogaz after the presidential elections should she be victorious. Batkivshchyna Party's leader was the first politician in the war-torn country to officially announce a bid in the 2019 presidential elections.
"These corrupt authorities have six months to rule. The first thing that we will do in half a year is liquidation of Naftogaz as an intermediary, which is not needed," Interfax quoted her as say- ing on September 28. "What is more, if Naftogaz establishes other intermediary structures, and
it now plans to do this for sale of natural gas to Ukrainians [...] All this will be eliminated."
The Batkivschyna leader also criticised Naftogaz's initiative to sell a 49% stake in Ukraine's gas transport system. "To build such a gas transport system, you need to spend $300bn. This amount is in today's prices, taking into account the gas storage facilities. [...] They are going to take virtually half of the property of the gas transport system at one-twentieth of the price. They're valuing it at around $7bn," Tymoshenko said, calling this idea "the scheme of the century."
If the 49% stake in the gas transport system is sold, this decision will be reversed after the presidential election, the politician added.
Meanwhile, Naftogaz's CCO Yuriy Vitrenko believes that the liquidation of the company will impede the recovery of funds from Russia's Gazprom.
"New arbitration against Gazprom with our claims exceeding $12bn, taking into account our experience, will end no earlier than in two or three years," he wrote on his Facebook page on October 2. "We already know that Gazprom avoids implementing the decision of international arbitration and in such conditions forcible recovery will take at least another year. That
is, already four years. And to take into account challenging [by Gazprom] in the Court of Appeal and the Supreme Court of Sweden, it's not four years, but six years."