Russian State Fund Seeks to Acquire Mobile Division of LG Electronics

On February 16, the Korea Times reported that Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF), had expressed an interest in acquiring the mobile division of South Korea’s multinational electronics company, LG Electronics. RDIF’s acquisition of the unit could offer Russia a long-sought-after pathway to producing its own smartphone for the domestic market. Although an indigenous product has not yet found commercial ...

Greek-Russian Businessman with Ties to Kremlin Acquires Control of Thessaloniki Port in Greece

On February 2, it was reported that Ivan Savvidis, a high profile businessman with dual Russian-Greek citizenship and connections to the Kremlin, entered into an agreement to acquire a controlling 67% stake in South Europe Gateway Thessaloniki (SEGT) from Deutsche Investment Equity Partners (DIEP). SEGT is a Cyprus-based holding company that is the largest direct shareholder of the Thessaloniki Port Authority (TPA), the operator of ...

China’s Pursuit of Iraqi Rail Projects Reinforces Interest in Strategic “Dry Canal” Across Country

Late last week, reports emerged that the General Company for Iraqi Railways (GCIR) was in discussions with state-owned China Railway Construction Corporation (CRCC) regarding investment in Iraq’s expansive Dry Canal project, a broad initiative to rehabilitate the country’s rail and other transit infrastructure in a manner that would transform Iraq into a critical transit link for Asian and European trade. The two sides discussed two ...