Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
MOSCOW, March 23. /TASS/. Power Machines, Russia’s largest power plant engineering company, acquired 51% of shares in Brazilian engineering firm Fezer in a move to strengthen its presence in Latin American countries, the company reported Monday.
The cost of the deal was not announced.
Fezer, founded in 1948, is focused on producing various types of woodworking machines. The new enterprise will change its name to Power Machines Fezer S/A.
Power Machines has international experience in the field of design, manufacture and complete delivery of the equipment for thermal, nuclear, hydraulic and gas-turbine power plants. 100% of the company’s shares are owned by structures of Russian businessman Aleksei Mordashov.