Stock market news

VTB Bank

VTB, which will become the managing shareholder of the United Shipbuilding Corporation, will have to act as its co-investor, according to Viktor Yevtukhov, deputy head of the Ministry of Industry and Trade. VTB CEO Andrei Kostin believes that closing old financial holes of the United Shipbuilding Corporation must be undertaken by the state, not by the bank's...

Federal Grid Company - Rosseti

Russian Grids may reconsider the decision not to pay dividends until 2026 depending on the company's results and its plans for the investment program, head of Russian Grids Andrei Ryumin. Earlier, Russian President Vladimir Putin instructed the Cabinet of Ministers to provide for a waiver of payment of dividends by Russian Grids for 2022-2026 to finance the...

Sollers

Sollers Auto Concern is considering the possibility of setting up a joint venture with Russian automakers to produce auto components, said Zoya Kaika, deputy general director of the company. According to the top manager, Russian automakers have common needs for auto components, and their volumes can be easily unified.

QIWI

Qiwi has received a delay from the Nasdaq exchange to complete its business restructuring. Company requested the delay because it needs to obtain regulatory approvals for the sale of its Russian assets. Qiwi plans to complete the business separation process to maintain its listing by November 11, 2023. Originally company planned to complete the full separati...

Transneft

Meeting of the Board of Directors of Transneft on the issue of stock split will be held on September 15. Earlier committee of the Board of Directors of the company supported the proposal of the administration and management of the company to split the shares 100 times to increase their liquidity.

Far-Eastern Shipping Company

Fesco is considering the possibility of forming a transportation hub in India. Company is also actively cooperating with the Russian Ministry of Industry and Trade on the creation of a transport and logistics center in Africa.

Far-Eastern Shipping Company

Russia's container market may fully recover in 2025 after a decline in 2022, believes commercial director of VMTP, part of Fesco Group, Elena Kazarina. Market recovery can already be observed now - containerized cargo traffic in all basins of Russia is showing growth. In 2021, the average monthly total market volume for the three basins: South, Northwest and...

NOVATEK

Novatek sees the Indian market as a priority, as the country is about to become the world's first in terms of gas consumption growth. Company will seek to build relations in such a way that it will not just sell LNG at the regasification terminal, but supply gas to the end consumer. At the same time, the negotiation process is going hard, but a shift is poss...

NOVATEK

Novatek has started negotiations on attracting partners to Obsky LNG project, in particular, from among the shareholders of its other LNG projects. Obsky LNG project is planned to be implemented on the basis of Verkhnetiuteyskoye and Zapadno-Seyakhinskoye fields in Yamal using Novatek's own liquefaction technology - 2 lines of 3 million tons of LNG per year.

NOVATEK

Novatek has resolved all maintenance issues with Yamal LNG this year, ensuring its stable operation for several years, said company head Leonid Mikhelson. "We have postponed and closed all issues with maintenance and spare parts for this year. In June we carried out a planned shutdown on the second line, in August we carried out planned maintenance on the th...