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Former teacher & mother of 4 becomes Russia’s 2nd female billionaire

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The owner of Russia’s biggest web retailer, Tatyana Bakalchuk, has entered the list of Russian billionaires. She managed to build her company, Wildberries, from scratch into a US$1.2 billion firm. This year, Wildberries – the leader of Russian online retailing, where you can find hundreds of thousands of items from clothing to electronics – has Read More

Targa Resources Corp. Reports Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Operational and Financial Guidance

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HOUSTON, Feb. 20, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2018 results. Fourth Quarter and Full Year 2018 Financial Results Fourth quarter 2018 net income (loss) attributable to Targa Resources Corp. was ($106.4) million compared to $283.1 million for the fourth quarter Read More

Archrock Reports Fourth Quarter and Full Year 2018 Results and Provides 2019 Guidance

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HOUSTON, Feb. 19, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today reported results for the fourth quarter and full year 2018 and provided 2019 financial guidance. Fourth Quarter and Full Year 2018 Results Net income for the fourth quarter of 2018 was $13.0 million compared to net income of $49.1 million in Read More

Targa Resources Corp. Sells 45 Percent Interest in Bakken Assets for $1.6 Billion

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HOUSTON, Feb. 19, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has entered into definitive agreements to sell a 45 percent interest in Targa Badlands LLC (“Badlands”), the entity that holds all of Targa’s assets in North Dakota, to funds managed by GSO Capital Partners and Read More

Transocean Ltd. Reports Fourth Quarter, Full Year 2018 Results

3 days ago DieselGasoil Comments Off on Transocean Ltd. Reports Fourth Quarter, Full Year 2018 Results
Total contract drilling revenues were $748 million, compared with $816 million in the third quarter of 2018; Revenue efficiency(1) was 96%, compared with 95% in the prior quarter; Operating and maintenance expense was $497 million, compared with $447 million in the prior period; Net loss attributable to controlling interest was $242 million, $0.48 per diluted share, compared with net loss attributable to Read More

Moscow knows top Baring Vostok businessman as major investor in Russia, alarmed by his arrest

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Moscow is “closely following” the news about US businessman Michael Calvey’s arrest, the Kremlin said, adding that the case is not political and has nothing to do with Moscow’s strained relations with Washington. The Russian authorities know Calvey as a “major investor…who always championed an idea of a high investment potential of the Russian market,” Read More

Private equity firms win over Scout24 with improved $6.4 billion bid

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FRANKFURT (Reuters) – Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24’s management and supervisory Read More

Russian court extends custody of Baring Vostok's Calvey until April

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MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, looks out of a defendants’ Read More

Baring Vostok's Calvey tells Russian court he will cooperate with investigation

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Founder of the Baring Vostok private equity group Michael Calvey, who was detained on suspicion of fraud, looks out of a defendants’ cage during a court hearing in Moscow, Russia February 15, 2019. REUTERS/Tatyana Makeyeva MOSCOW (Reuters) – Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms, told a Russian court Read More