Merck , for instance, has bolstered its pipeline with a slew of privately held biotechs like GlyCoFi and Aton Pharma.

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UniCredit Aton, a Moscow investment bank, opined in February that AES was selling at as much as a 50% discount.

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One option - renationalisation - would reduce Yukos's efficiency, said Zarko Stefanovski, senior oil analyst at Aton brokerage.

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Other Russian banks in Cyprus include Sberbank, Gazprombank, Otkritie Capital, Aton Capital, UralSib Financial, BCS Financial and Promsvyazbank.

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Also, less than a month ago Merck agreed to acquire Aton Pharma , a privately held biotech firm with a cancer drug in midstage clinical trials.

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Merck (nyse: MRK - news - people ), for instance, has bolstered its pipeline with a slew of privately held biotechs like GlyCoFi and Aton Pharma.

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Prieto wore a French silk voile corseted sheer sheath gown by J'Aton Couture, in an ecru palette with accents of flesh tones, with handmade silk lace created especially for her, and enhanced with Swarovski crystals.

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With state-controlled giants such as OAO Rosneft and OAO Gazprom dominating the oil and gas sector, most future foreign investment will be directed at sectors like automobiles and retail-related services, says Peter Westin, chief economist at the Aton brokerage in Moscow.

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Furthermore, a cancer drug acquired with the purchase of tiny Aton Pharma might have a fast track to approval, and Vytorin, the cholesterol drug Merck sells with Schering-Plough (nyse: SGP - news - people ), could still be a blockbuster.

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