China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Russia's BVCP plans to invest in Kazakh retailer
ALMATY, June 3 (Reuters) - Russian private equity firm Baring Vostok Capital Partners (BVCP) plans to make its second investment in Kazakhstan this year, BVCP partner Mikhail Lomtadze said on Tuesday.
"We plan to make a large investment this year," Lomtadze told reporters, adding his company was eyeing a local retailer.
Kazakhstan's retail market has been growing rapidly since the beginning of the decade thanks to an economic boom fuelled by growing oil and metals exports. Most companies in the sector are privately held.
Analysts say private equity firms from around the world are flocking to Kazakhstan after the credit crunch triggered by the global liquidity squeeze made local companies turn to equity markets instead of bank loans.
BVCP owns a controlling stake in medium-sized Kazakh bank Caspian CSBN.KZ. (Writing by Olzhas Auyezov; Editing by Quentin Bryar)
