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...

Moscow Exchange supports minority shareholders and believes that the seizure of shares of Solikamsk Magnesium Plant from them contradicts the legislation on organized trading, according to the materials of the court case on the reclamation of shares of the enterprise from minority shareholders by the state. Initially, the seizure affected only the majority s...

Solikamsk Magnesium Plant's IFRS net income for 2022 was ₽3.651 bln, up five times from ₽0.729 bln in the previous year. Revenue increased 43% to ₽13.143 billion compared to ₽9.188 billion a year earlier.