Monday, May 12, 2008

Russian tycoon Burlakov mulls acquisitions in RS of up to USD 1bn.

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Russian tycoon Burlakov mulls acquisitions in RS of up to USD 1bn. Russian tycoon Oleg Burlakov is conducting negotiations with the RS government on acquiring several companies with state ownership, daily Nezavisne Novine informs. The companies of interest of Burlakov are motor factory Famos, the state-owned stake in Ljubija mine, the Miljevina coal mine and in cold-rolled steel sheet and plates maker Banja Luka Unis. Moreover, Burlakov is also interested in investing in the RS railway company Zeljeznice RS and in cooperating with it. Burlakov also wants to buy 2,000sqm plot in Banja Luka to for his business headquarters. Burlakov total investments in the country might exceed USD 1bn (KM 1.26bn).

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Russian tycoon Burlakov mulls acquisitions in RS of up to USD 1bn.

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