Stock market news

Magnit

Retail space of Magnit stores exceeded 10 million square meters. Retailer became the first company to reach this mark. Almost 65% of the area falls on the key format - Magnit stores at home. Area of the network of drogerie stores Magnit Cosmetic is almost 1.8 million square meters, supermarkets Magnit Family and superstores Magnit Extra - 980 thousand square...

Rostelecom

Rostelecom began construction of the third stage of the new trans-Eurasian fiber-optic communication line TEA NEXT, which will stretch between the cities of Torzhok in the Tver Region and Kyakhta in the Republic of Buryatia and will reach the eastern border of Russia with Mongolia. Construction of this section with a total length of about 6,300 km is planned...

NOVATEK

Novatek prefers to refrain from using the Saam FSU floating storage vessel, which was directly sanctioned by the United States, for transshipment in Murmansk. Instead of the storage facility, the company has again started using roadside transshipment of LNG from ice-class gas carriers to conventional tankers on a side-by-side basis.

Headhunter

HeadHunter is testing an analog of LinkedIn - a social network Grid designed for professional communication. A Kommersant source estimates the budget for the project at ₽1.5-2 billion. Experts doubt that the service will be in demand, noting that its tasks are already performed by closed professional communities in Telegram and other platforms.

Whoosh

Whoosh has purchased the first 47,667 shares under a buy-back program that will run until May 31, 2025 and involves the repurchase of up to 1.5 million shares for an employee incentive program. Over the next three years, a total of up to 4.5 million shares may be repurchased for the incentive program, representing approximately 4% of the share capital.

Solikamsk magnesium plant

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...

VK

VK plans to launch an NFT-marketplace in February 2024. On platform it will be possible to sell and buy tokens for rubles, and it will support payment by cards of Russian banks. On marketplace it will also be possible to create NFTs from different types of content: pictures and audio. To date, about 500,000 cryptocurrency wallets have already been linked to...

KAMAZ

Fund for the Development of Industry has granted Murommashzavod a ₽1.75 billion loan to set up production of import-substituting components for Kamaz electric buses, Aurus cars and agricultural special equipment. Enterprise will produce four types of components used in electric buses, cars, trucks and agricultural tractors on a large scale. These include por...

Territorial Generating Company № 1

Gazprom Energoholding, the majority shareholder of TGC-1, is not currently considering the acquisition of TGC-1 shares from Fortum, said Denis Fedorov, head of GEH. In June 2022, it was reported that the company admits the possibility of acquiring TGC-1 shares from a minority shareholder, but the issue was not discussed anywhere. However, in April 2023, the...

KAMAZ

Kamaz's Board of Directors has approved the company's development strategy until 2030. Among the key goals are: revenue of ₽806 billion, truck sales at the level of 60,000 units. At the same time, the share of foreign sales should amount to 16%, and EBITDA margin - 9%. Investment program of more than ₽380 billion has been formed, with the priority programs b...