Stock market news

VK

VK plans to prepare a new development strategy for the company by the end of the year, taking into account external constraints, said the head of the holding Vladimir Kirienko. He noted that the document is at a high level of readiness.

MOEX Group (Moscow Exchange)

Moscow Exchange has applied for inclusion in the register of operators for the issue of digital financial assets, which is maintained by the Bank of Russia. The exchange plans to launch CFA on short bonds. Talking about corporate bonds of a large company. Buyers will be legal entities. We have another 3-5 product hypotheses that we will do after this pilot,...

VK

Prosus withdrew from VK shareholders through a write-off of shares in favor of the company. VK sold the treasury shares it received at market value to management. The transaction amounted to ₽24.8 billion. The management company, Singularity Lab, will provide the operation of VK's new long-term management incentive program, which aims to actively develop the...

T-Technologies

Tinkoff Bank is considering several M&A deals in complementary areas for the group and is ready to buy loan portfolios, Stanislav Bliznyuk, chairman of the bank, told Finopolis on the sidelines. Liquidity, capital adequacy is good, so we are ready for purchases, he explained.

Sberbank

Keeping IFRS reporting is not really needed now, whether to keep it for Sberbank or not is under discussion, the head of the largest Russian bank Herman Gref said on the sidelines of the Finopolis forum. Earlier, Head of VTB Andrey Kostin said that Russian banks subject to all possible sanctions do not need IFRS, and proposed to create a single reporting mod...

SPB Exchange

SPB Exchange on November 11 begins trading in 115 international ETFs, which are a basket of assets of various classes. Trading will be conducted in U.S. dollars, in accordance with the trading calendar of issuers listed in the U.S. New instruments are available only to qualified investors.

Sollers

Mazda transferred to Sollers a stake in a parity JV for the production of cars in the Far East - Mazda Sollers Manufacturing Rus LLC. Company produced the Mazda CX-9 SUV, Mazda CX-5 crossover and Mazda 6 sedan. Amount of the deal was €1.

KAMAZ

Automobile Concern Kamaz has consolidated 100% in the joint venture with German concern ZF Friedrichshafen AG - ZF Kama LLC. Enterprise produces Ecomid and Ecosplit 9- and 16-speed manual transmissions. Transmissions can be used with engines from 160 to 500 hp. Despite the decision made by the partner, CF Kama is working as planned and fully meets the needs...

Magnit

Magnit retail chain invests ₽13 billion in 2022 in a set of measures to ensure the quality of goods, services and customer service. In pool of measures includes regular independent audits of suppliers, laboratory tests of goods, temperature control in stores and distribution centers, disinfection of sales areas and premises, certification of supermarkets and...

VK

RuStore application store is included in the list of programs that must be pre-installed on electronic devices in 2023. This will allow Russian users uninterrupted access to demanded digital services and services in the face of external restrictions, noted in press service of the government.