Stock market news

Gazprom

Rostec will start supplying 32 MW gas compressor units to Gazprom by 2025, based on the AL-41ST industrial gas turbine engine. Units development program implies three stages. In the first stage the capacity of the unit will be upgraded to 25 MW, in the second stage - to 32 MW, and in the third stage - to 42 MW. The pilot operating compressor station, where p...

KAMAZ

Export of cars from Russian Federation at the current exchange rate is unprofitable for Kamaz, said Sergey Kogogin, the general director of the automaker. To reduce the negative effect, the company has defined delivery quotas for each base market of its presence. Last year the company exported about 6,000 vehicles. About 39 thousand cars were sold in the Rus...

Nebius Group

IT-company Yandex after the acquisition of Delivery Club will increase resources for the launch of food delivery services in new countries. "Yandex.Eda" already operates in Kazakhstan and Belarus. Thanks to the closing of the deal on the purchase of Delivery Club we will be able to allocate more resources to localize the service, which is necessary for the l...

PIK-specialized developer

PIK lost its right to implement the project on the territory of the former sanatorium of the Institute of Balneology and Physiotherapy in Sochi near the Black Sea coast, according to local court decisions. The developer failed to restore the constructivist monument by Shchusev, due to which the Federal Property Management Agency terminated the land lease agr...

Nebius Group

Yandex.Lavka service launches large darkstores of up to 500 sq. m. in Moscow districts with high population density. First of them will start working at the end of September. The area of the existing objects is 2,5-3 times less - 150-200 sq.m. on average. Large darkstores are necessary for Yandex.Lavka to increase assortment of supermarket items for express...

Ozon Holdings

Ozon has agreed with the bondholders to extend the suspension of the right to demand full repayment of the $750 million bond by one more week, until September 20. Initially the suspension was effective from June 1 to August 30, but Ozon agreed with the bondholders to extend it until September 13.

Nebius Group

IT-company Yandex redeemed 98.7% of convertible bonds and is ready to redeem the remaining 1.3% of the securities. Yandex pays the monetary part of remuneration in full, and remuneration in the form of shares will be paid when there is a technical and regulatory opportunity to do so. Since it is legally impossible to recognize the redemption of the bonds wit...

Twitter

Twitter has confirmed that a preliminary tally shows enough votes to approve a deal to sell the company to Elon Musk for $44 billion, or $54.2 per share. A positive shareholder decision would allow Twitter to continue its legal process aimed at forcing Musk to close the deal.

Rosinter Restaurant Holding

Rosinter Restaurants Holding's RAS net profit for six months of 2022 was ₽0.02 million, compared to a loss of ₽135.91 million in the previous year. Revenue amounted to ₽3.877 million. A year earlier, company did not receive any revenue.

Mobile TeleSystems

MTS plans to enter the market of electronic trading platforms with its own additional services, said Dmitry Vitchinka, the company's Director of Procurement and Transformation. We are talking about additional services based on the competencies acquired by company during the creation and operation of its own procurement system. "It may be a partnership with a...