Stock market news

VK

Social network VKontakte is working on the introduction of a feature to provide the user with short abstracts based on long-form video clips. Such tools may appear in the photo and video editors that the social network plans to introduce in the second half of 2023.

Magnit

Magnit's IFRS net income for 3 months of 2023 was ₽13.816 billion, up 54.9% from ₽8.921 billion the year before. Revenue rose 9% to ₽596.8 billion compared to ₽547.71 billion a year earlier.

Magnit

Retailer Magnit offered to buy back up to 10.191 million shares from non-residents at a price of ₽2215 per share. Offer is addressed both to the owners of the shares and JPMorgan Chase Bank in respect of the shares accounted for in the depo account of the depository programs. Now Magnit's shares on Moscow Exchange are worth about ₽4600. Thus, the discount is...

Polyus

Polyus plans to start production at the Chulbatkan gold ore deposit after 2028. The company bought the gold deposit in Khabarovsk Krai last June from the Highland Gold Mining Group for $140 million. This year, Polyus retains plans to obtain a bankable feasibility study for the Sukhoi Log deposit in Irkutsk Oblast. Against the background of the current geopol...

Sberbank

Sberbank closed the deal to sell its subsidiary in Austria - Sber Vermögensverwaltungs AG in Abwicklung. Buyer was an Austrian company controlled by Stefan Zochling. He heads the Austrian company Remus, which specializes in the production of exhaust systems. After the sale of the Austrian subsidiary, Sberbank completely withdrew from the European banking mar...

Softline

One of the scenarios under consideration for the exchange of Noventiq receipts on the Moscow Exchange for shares of Softline provides that the owner of GDRs may receive up to three shares of Softline under certain conditions. At the time of the exchange the investor will be granted one share of Softline, and then one more share each after 12 and 24 months, i...

QIWI

Qiwi transferred a portion of the stake in its financial solutions platform for SMEs, Rowi, to a Russian entity as part of the business split. Qiwi now owns 51% each in Rowi Tech LLC and Rowi Factoring Plus LLC. Previously stakes in both companies belonged to Qiwi plc.

Rosseti Lenenergo

Shareholders of Rosseti Lenenergo approved dividends for 2022 in the amount of ₽18.8302 per ordinary share. The last day of purchase of securities to receive dividends is June 23, 2023. Dividend yield may amount to 7.93%.

Sberbank

Sberbank plans to maintain the current dividend policy, the head of the credit institution German Gref said. Dividend policy of the bank implies payment to shareholders of 50% of net profit according to IFRS in case the capital adequacy requirement of 12.5% is met.

Segezha Group

Segezha Group will invest ₽15 billion in the construction of a modern paper-making machine at the Sokolsk Paper Mill. Implementation of the project will increase the mill's capacity and launch production of new products - fat-resistant unbleached paper, which is widely demanded in the food industry and restaurant business. Equipment has already been purchase...