Stock market news

Transneft

Almost 96% of the main equipment of the technological unit has already been replaced with Russian equipment; the company is striving to reach the figure of 97%, said Transneft Vice President Andrei Badalov. He also suggested that the government should allow the companies together with the Ministry of Energy to determine the real priorities for investments on...

Far-Eastern Shipping Company

Fesco increased the capacity of the sea line between Russia and Turkey by adding a container ship capable of carrying up to 712 TEU. In addition, Fesco expanded the geography of the service by adding a new port of call - Gebze. Container service was launched in April 2022 to deliver consumer goods, household appliances and electronics from Turkey to Russia a...

Sistema

Sistema, which has agreed to buy 47.7% of clothing retailer Melon Fashion Group, offered other shareholders of the group to buy out their securities at the price of the announced deal. Offer is valid till November 3. In corporation noted that several shareholders in Russia and Sweden have already expressed their desire to take advantage of the offer. Sistema...

NOVATEK

Government is considering the possibility of returning the license areas of one of the largest in Russia Tambey cluster with more than 7 trillion cubic meters of reserves to the unallocated fund, after which Novatek could participate in the auction to receive them. The reason is the long-lasting non-involvement of the reserves in the development by the curre...

VK

VK has launched on VK Advertising platform a tool to promote sites. Algorithms will show potentially targeted audiences ads, which the platform will create independently depending on the location and site on which the ad is placed. Advertiser need only add the platform's so-called pixel to the site page and upload images and descriptions to VK Advertising. T...

Etalon Group

Etalon Group in 2024 will complete the construction of the residential complex City Life, which was previously built by the Finnish company YIT. The first building of the second stage will be commissioned by the end of this year. Etalon Group acquired YIT's Russian business in April 2022 for ₽4.6 billion.

Rushydro

Electricity generation by RusHydro Group, including Boguchanskaya HPP, for 9 months of 2022 was 103.8 billion kWh, a decrease of 4.7% as compared to the same period of the previous year. Heat output in the FEFD amounted to 19.1 mln Gcal, which is 4% less than the year before. The total productive supply of the Group's energy sales companies increased by 0.3%...

Cherkizovo Group

Cherkizovo Agro Holding will supply halal products, including chicken and turkey, to Saudi Arabia. At the moment, the company only exports unbranded halal chicken to the region for meat processing plants and restaurants. First regular deliveries of halal products under the Dajajti and Krasnobor brands are scheduled for December. In the future, the company pl...

Russneft Oil Company

RussNeft's RAS net income for 9 months of 2022 was ₽10.25 billion, down twofold from ₽22.17 billion in the previous year. Revenue increased 39% to ₽223.94 billion versus ₽161.13 billion a year earlier.

ChemoCentryx

Amgen completed its acquisition of ChemoCentryx for $3.7 billion, or $52 per share.