Stock market news

Tatneft

Board of Directors of Tatneft will discuss the issue of establishing a representative office of the company in the Republic of Turkey on February 27. Further information has not been provided by the company yet. In the summer of 2021 Tatneft signed a memorandum of cooperation in petrochemistry with the Ministry of Industry and Trade of Turkey. Document provi...

Sollers

Legal entity of the parity joint venture of Sollers Group and Japanese concern Isuzu will be liquidated following the termination of its special investment contract. The company has not incurred any losses because the joint venture has not had time to start investing in the organization of production, Sollers' press service commented on the situation. JV was...

Magnitogorsk Iron and Steel Works

Experts inspected the production site and units at the Turkish plant MMK Metalurji and found that the plant in Dertjol did not suffer serious damage as a result of the recent earthquake. Plant is gradually returning to normal operation. First of all the continuous pickling plant and the reversing mill are started up. Metal from them should ensure the full lo...

KAMAZ

Revenues of the online marketplace of Kamaz trucks - TruckInStock - in 2022 decreased by 32.7%, to ₽367.6 million. At the same time, the cost of sales also decreased by 39.8%, amounting to ₽313.7 million. However, selling expenses increased more than fivefold, and management expenses - more than 1.7 times, amounting to ₽20 million. As a result, net profit de...

Gazprom Neft

Gazprom Neft and Rosmorport agreed to expand cooperation in LNG bunkering. Agreement envisages organizing regular LNG refueling of ships on the St. Petersburg - Kaliningrad ferry line. For that purpose Gazprom Neft's first Russian LNG bunker vessel Dmitry Mendeleyev will be operated. Company will also provide LNG refueling of eco-ferries Marshal Rokossovsky...

VK

VK bought the remaining 75% of the online platform Uchi.ru. Transaction amounted to ₽8.7 billion. Platform's products and services are used by over 12 million students, 6 million parents and 800,000 teachers. In addition to the educational platform, Uchi.ru develops the online tutoring school Uchi.Doma, the educational portal Uchi.Answers, the network of off...

Phosagro

PhosAgro has introduced a new product, phosphogypsum for livestock production, which is used as a component of bedding on livestock farms and in poultry houses. Tests have shown that the addition of 10% phosphogypsum reduces litter consumption by 25%. PhosAgro's phosphogypsum is currently actively used as a reclamation agent and component in modern plant min...

VK

Russian President Vladimir Putin authorized VK Company LLC to acquire RNCO Dengi.Mail.Ru LLC from P.J.v. DIGITAL FORCES LTD. Company carries out money transfers without opening bank accounts, including electronic money transfers, making payments for various goods and services, as well as game accounts.

Gazprom

Gazprom Holding is considering entering new markets and will soon start implementing new major projects for the construction of main gas pipelines. Company sees the greatest prospects in the Asian market. By 2040, more than half of the 20% increase in global gas consumption will come from the Asia-Pacific region, and China will be the engine of growth, said...

Gazprom Neft

Russian President Vladimir Putin signed an order allowing Gazprom Neft to acquire 50% of the Salym Petroleum Development joint venture from Shell, which has been transferred to Russian jurisdiction and transformed into Salym Development LLC. According to the decree, no other permits or approvals required under Russian law are required to close the transactio...