Examples of use of foreign subsidiary
1. Gazprombank‘s chairman, Andrei Akimov, the low–profile former head of the Russian Central Bank‘s foreign subsidiary, Donau Bank in Austria, counts among his aides Alexander Ivanov, the son of Defense Minister Sergei Ivanov.
2. The problem is that Siemens has transfered its part of the project from Siemens Israel, which is part of the MTS consortium building the line, to a foreign subsidiary of Siemens, STTS.
3. Yukos receiver Eduard Rebgun on Friday fired the management of its foreign subsidiary, Dutch–based Yukos Finance, which together with the Lithuanian government agreed in May to sell Mazeikiu to Orlen in a $2.6 billion deal.
4. Finance industry participants, including leading banks, have set up a chain of transactions in which pension funds sell the government bond to a bank’s foreign subsidiary in order for it to be eligible for a tax break available only to foreign investors.
5. One reason for the drop is the company‘s $1.3 million loss on a client that stiffed it. (Michael Rochvarger) Polar International Real Estate has established a joint company in Croatia, with other parties, in which it will own 50% through a foreign subsidiary.