Rosnano may buy British Plastic Logic (LON:PLA) controlling

Plastic Logic moves to Russia

In brief: Plastic Logic (LON:PLA) can become the next victim of Russian expansion - experts said.

One of Britain’s leading high-tech companies, Plastic Logic (LON:PLA), is in talks to sell its controlling stake of the Russian state corporation Rosnano.

Investment conditions Rosnano will shift development of new generation technologies Plastic Logic in Russia. Plastic Logic, which is the first time developed a cheap computer chips made of plastic, a victim of the decline of investment by venture capital funds that support its capital needs earlier. The main development center is located Plastic Logic of Cambridge in the UK, but its headquarters a few years ago was postponed Mountain View (Calif.), and in 2007 was to build a factory of the company in Dresden (Germany).

Anrey Torbinski
2010-08-09 06:59, Economics.

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