Moscow Exchange filed an appeal in the case of seizure of shares of Solikamsk Magnesium Plant from minority shareholders in favor of the state. Trading floor participates in this case as a third party.

National Association of Stock Market Participants sent a letter to the Supreme Court stating that the association considers the seizure of 10.6% of shares of Solikamsk Magnesium Plant from minority shareholders in favor of the state to be unjustified. Association notes that the seizure of shares acquired at organized trades is a violation of legal principles...

Court of first instance satisfied the claim of the district prosecutor's office to seize shares of Solikamsk Magnesium Plant from retail investors. What the court was guided by is still unknown. Motivation part of the decision will be published next week. Initiative group of retail investors intends to go to the end and file first an appeal and then a cassat...

Government has ordered the transfer to Rosatom of the state-owned 89.5% stake in Solikamsk Magnesium Plant. Transfer of the shares should take place within six months. Earlier, the Lovozero Mining and Processing Division of Rosatom included the Lovozero Mining and Processing Division, which produces loparite concentrate, which is the raw material for the Sol...