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Eastern Europe
September 7, 2018 www.intellinews.com I Page 21
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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deal with the US Treasury Department to suspend or even lift the sanctions in effect from April 2018.
However, the most recent wave of sanction pres- sure could have this postponed. Unnamed sourc- es told Reuters that Rusal's financials will face "further deterioration" should it fail to reach a deal with the US Treasury Department (USTD)
by the end of August.
In the meantime Rusal and its mother energy and metals holding En+ are reportedly preparing to re-register in Russian Special Administrative Districts (SARs), a domestic offshore zone the Russian government introduced in August on Russky and Oktyabrskiy islands.
Registration in SARs could be a "plan B" in case negotiations with the Treasury fail, a source close to Rusal management told Vedomosti daily on August 17, claiming that "residents of SAR could keep the beneficiaries undisclosed and change the whole structure of the holding."
Government officials also suggested that Rusal could be supported by buying up excess aluminium for state commodity reserves.