Stock market news

Rostelecom

Operator Rostelecom is in talks to acquire MegaFon from USM Group, Kommersant sources told Kommersant. Based on the multiple of 1.75 to the revenue, the company may be valued at ₽616 billion. Now Rostelecom owns 100% of Tele2, and the acquisition of the second largest operator in the market after MTS will make the state holding an absolute leader in the mobi...

Aeroflot

Aeroflot has updated its development strategy. By 2030 the company plans to reach a passenger flow of 65 million people per year and increase its market share to 50%. At the moment Aeroflot occupies about 40% of the market. Previous strategy was more ambitious and implied the growth of passenger traffic to 130 million passengers by 2028. This year, the compa...

Ozon Holdings

Ozon plans to increase turnover by about 80% in 2023, maintaining the growth rate of 2022. Company sees an increase in demand for e-commerce services from both buyers and sellers, and therefore is confident in maintaining the turnover growth rate. In addition, Ozon managed to resolve problems in the operation of overseas delivery channels that arose last yea...

VTB Bank

Market value of 100% shares of the Russian National Commercial Bank to be contributed to the capital of VTB has been estimated at ₽48.4 billion. The valuation of RNKB was carried out taking into account its planned additional capitalization of ₽7.1 billion. VTB plans to hold an additional issue of ₽302 billion to purchase the bank. What share in payment of t...

LSR Group

Value of new contracts of LSR for 2022 decreased by 3% and amounted to ₽93 billion, and their sales volume decreased by 17% to 506 thousand square meters. Share of mortgage transactions amounted to 74%, increasing by 8 p.p. 700 thousand square meters of net sellable area were commissioned, an increase of 9.2% over the same period last year.

Intel

The Intel Board of Directors announced a quarterly dividend of $0.365 per share. The last day to buy securities to receive the dividend is February 3, 2023. The annual dividend yield may reach 4.34%.

Federal Grid Company - Rosseti

FGC registered the reports on the results of share issues with the Bank of Russia. Shares of additional issues will begin to be traded on the Moscow Exchange after they are merged with the main issue, three months after the date of state registration of the reports on the results of additional issues by the Bank of Russia. Thus, holders of new shares of Fede...

Magnit

Retailer Magnit plans to open about 160 stores of different formats in the North-West of Russia in 2023, including 110 outlets in St. Petersburg. Capacities of the existing distribution center in Kolpino district of St. Petersburg are enough to meet the needs of the chain taking into account the stores being prepared for opening, so there is no urgent need t...

American Express

American Express' GAAP net income for 2022 was $7.51 billion, down 6.8% from $8.06 billion the previous year. Revenue increased 24.7% to $52.862 billion from $42.38 billion a year earlier.

Colgate-Palmolive

Colgate-Palmolive's GAAP net income for 2022 was $43 million, down 4.4 times from $188 million in the previous year. Revenue increased 5.1% to $4.629 billion from $4.403 billion a year earlier.