Stock market news

Nebius Group

Yandex N.V. may transfer the management of its Russian business to a management fund, including the right to vote a controlling stake, but not the papers themselves, reflecting the economic interest, sources told RBC. In exchange, the company wants $300-400 million and licenses to develop four projects abroad: drones, cloud technology, Yandex.Practicum and T...

Mobile TeleSystems

MTS Entertainment is negotiating the purchase of the TicketsCloud ticketing platform from its founder Yegor Yegerev, sources told Kommersant. According to them, the negotiations are in the final stage, the platform has passed a pre-sale audit. TicketsCloud provides event organizers with ticketing solutions through other operators and partners who act as tick...

Abrau-Durso

Group of companies Abrau-Durso sold French champagne house Chateau d'Avize, president of the group Pavel Titov told RBC. This decision was made against the background of difficulties in the region, said Titov, but he did not give any details. According to him, the deal took place in January 2022. Asset was sold to a local winemaker, but the President of Abra...

NOVATEK

Novotek has informed the government of its readiness to purchase the 27.5% stake in the Sakhalin-2 project owned by Shell, Kommersant sources told Kommersant. However, the selection to determine the new owner of this share is postponed due to the fact that the government has not had time to assess the damage caused by the foreign shareholder to the project.

Rusagro

Rusagro's IFRS net income for 2022 was ₽6.787 billion, down six times from ₽41.434 billion in the previous year. Revenue rose 7.8% to ₽240.23 billion compared to ₽222.93 billion a year earlier.

Sistema

Sistema will not acquire 47.7% of the retailer Melon Fashion Group, which owns the brands Zarina, befree, Love Republic and Sela. Deal with East Capital Holding AB and a group of private investors was terminated by mutual decision of the parties due to impossibility to fulfill conditions of the agreement. It is not specified what exactly. Binding agreement w...

Phosagro

Phosagro is studying the possibility of building new ammonia and urea complexes in Cherepovets and Volkhov, the company's general director Mikhail Rybnikov said. He did not specify the details of the future projects. In mid-2021 the former CEO of Phosagro Andrey Guriev, Jr. said in an interview with Interfax that the company was thinking about a nitrogen pla...

Gazprom Neft

Gazprom Neft closed a deal for the purchase of Shell's 50% stake in the Salym project. Company consolidated 100% of Salym Development LLC, which develops the Salym group of oil fields: West Salym, Upper Salym, Vadelyp, South Yamskoye, East Shapkinskoye and Salym-2. Recoverable resources of Salym oil fields of categories C1+C2 approved by the Russian Federati...

Bristol-Myers Squibb

The Bristol-Myers Squibb Board of Directors announced a quarterly dividend of $0.57 per share. The last day to buy securities to receive the dividend is April 6, 2023. The annual dividend yield may reach 3.06%.

Magnit

Magnit retailer this year will open several dozen new MCosmetic stores in Uzbekistan. Last fall, ten MCosmetic stores operated in Uzbekistan. In November, the company reported plans to open at least four more outlets by the end of 2022.