Stock market news

MOEX Group (Moscow Exchange)

Investment Chamber broker has been selected as the organizer of the exchange of blocked assets of Russians for the funds of non-residents which are held on C-type accounts. Such a decision was taken by the Government Commission for the Control of Foreign Investment. Investors can exchange assets up to ₽100,000. Applications for exchange will be accepted from...

Rostelecom

Operator Rostelecom has become the owner of Mango Telecom LLC and M.Developer LLC, companies providing IP telephony services and software development for corporate communications. Alexey Slukin, editor of Telegram channel Telekomunalka, estimated the deal at ₽5-6 billion, or x3-4 of Mango Telecom's EBITDA. Mango Telecom's revenue in 2022 reached ₽4.5 billion...

Pharmacy Chain 36.6

Pharmacy Chain 36.6's RAS loss for 2023 amounted to ₽0.028 million, down multiple times from ₽120.68 million in the previous year. Revenue increased 118.1% to ₽3.169 billion against ₽1.453 billion a year earlier.

Nebius Group

Yandex Cloud presented a neural network for business, capable of recognizing emotions, negativity, informal statements and foul language, as well as the gender of the speaker and his phrases in the dialogue. Neural network-empath is developed on the basis of Yandex SpeechKit speech recognition technology. With its help, businesses will be able to create voic...

Transneft

Transneft plans to launch a new oil pumping station at the Achinsk Linear Production Dispatch Station in Krasnoyarsk Krai in July to increase oil shipments to the east. Achinskaya LPDS is a key production facility of the West Siberian trunk oil pipeline system. Investments in the expansion of the station's capacity will amount to more than ₽3.8 billion.

Solidcore Resources

Polymetal closed the sale of its Russian business to Sergey Yanchukov's Mangazei structure. Polymetal JSC was valued at $3.69 bln. As a result of the deal, the company reduced its net external debt by $2.20 bln, fully repaid $1.04 bln of intragroup debt after tax and received $300 mln after tax. Polymetal's net cash position now stands at $130 mln. Company w...

Tatneft

Tatneft signed an agreement on cooperation in the field of petrochemicals with SOCAR, the state oil company of Azerbaijan. As part of their visit to Tatarstan, representatives of the Azerbaijani state company also toured some of TATNEFT's facilities, including the TANECO complex of oil refineries and petrochemical plants.

Nebius Group

Shareholders of Yandex N.V. approved the sale of the Yandex business and changes in the corporate governance structure. Closing of the transaction will take place in two stages. At the first stage, Consortium.First ZPIF will buy from Yandex N.V. a controlling stake - up to 68% - in Yandex INC. It is expected that the first stage will be completed in the comi...

Positive Technologies Group

Positive Technologies has set the maximum value of additional share issue in the amount of 15% for each twofold growth of capitalization and determined the volume of the first additional share issue - 7.9%. The planned additional issue will be the only one this year and takes into account capitalization growth for 2023. Capitalization growth until 2023 will...

Severstal

Incident at Severstal's Cherepovets Iron and Steel Works was caused by a drone of unidentified affiliation, said Vologda Region Governor Georgy Filimonov. He noted that there were no casualties, the operation of the blast furnace was not disrupted. Severstal specified that the blast furnace resumed operation after the inspection.