Stock market news

Gazprom

Capacity of the small-scale LNG plant of Gazprom in Sakhalin will amount to 50.4 thousand tons of LNG or 69.55 million cubic meters in regasified form, a representative of the Sakhalin Oblast Energy Ministry told Vedomosti. The major part of produced LNG will be used to supply gas to the Kuril Islands. The first LNG from the project is to start flowing in 20...

Tesla

Tesla has put plans for battery production in Germany on hold as it looks for tax breaks in the U.S., sources told The Wall Street Journal. A recent law known as the IRA allows the cost of batteries for the Tesla Model Y to be reduced by nearly 40 percent, and buyers of electric cars with locally made batteries receive a $7500 tax credit. Another reason for...

Danaher

Danaher intends to spin off the environmental and application solutions segment into an independent public company EAS. Spin-off is expected to be completed in the fourth quarter of 2023. EAS will consist of Danaher's water quality and product identification operating companies. Revenue for this segment was $4.7 billion in 2021.

ManTech International

Investment company Carlyle completed its acquisition of ManTech for $4.2 billion, or $96 per share.

RBC Bearings

RBC Bearings is changing the listing of its common and preferred stock from Nasdaq to the NYSE. RBC will begin trading on the NYSE on September 26 under the tickers RBC and RBCP respectively. Trading on Nasdaq will continue until market close on September 23.

Ford Motor

Ford is offering its dealers to invest up to $1.2 million to start selling electric cars. About 90 percent of that amount will go toward installing charging stations. Dealers have until Oct. 31 to make a decision and have until the end of the year to make the investment. Company expects the investment, and the specialization of smaller dealers in certain veh...

Rosneft Oil Company

Norwegian Equinor has sold its stakes in Russian joint ventures to Rosneft for €1, transferring in return its investment commitments worth $1 billion, sources told Reuters. In the first quarter of 2022 the book value of Equinor assets in Russia was estimated at $1.1 billion, now it is written down to zero. At the same time, Equinor representative told the ag...

Acron

Fertilizer producer Akron redeemed its treasury stake. As a result, its share capital of company decreased 9.3%, from ₽202.67m to ₽183.786m, by redeeming over 3.776m treasury shares acquired from shareholders.

Tencent

Tencent obtained its first gaming license in China in 15 months through a little-known subsidiary of Tencent Nanjing Wangdian Technology, according to the website of China's video game regulator. However, the license is for a small mobile game called Health Defense Battle, which gives players health tips while playing, and it is unlikely to bring Tencent the...

Yakutia Fuel and Energy Company

Work on the Yakutsk gas project, which is planned to include Yakut LNG, has not stopped, it is being developed, the resource base is being actively prepared, said Airat Khusainov, head of YATEC's project office. "On the side of YATEC, on the side of our team is to provide, actually, the base. And on the side of GlobalTek is already transportation through the...