Stock market news

Rostelecom

Rostelecom completed construction of the second stage of the new Trans-Eurasian fiber-optic communication line TEA NEXT and announced the technical readiness of the line for the start of commercial operation. High potential of the new communication line made it possible at this stage to use two fibers of the super-capacity FOCL for its own needs. TEA NEXT wi...

KAMAZ

Auto concern Kamaz intends to supply Moscow with 1.5 thousand electric buses in the next 3 years, said the head of the company Sergey Kogogin. Current contract is concluded for 2023-2024. However, the contract for another three years, at least for 500 electric buses per year, is already being worked out.

Vyborg Shipyard

Vyborg Shipyard's RAS loss for 2023 amounted to ₽0.686 billion, down 3 times from ₽1.952 billion in the previous year. Revenue increased 45.9% to ₽12.103 billion against ₽8.298 billion a year earlier.

Severstal

At Severstal's Cherepovets Steel Mill there was a technological incident in blast furnace production. There were no casualties. One of the units was taken out for previously scheduled repairs. Reasons for the incident are being investigated. Eyewitnesses reported in social networks about the sound of an explosion in the area of the fourth blast furnace of th...

Rosneft Oil Company

Liteyny Prospect tanker with Russian Sokol oil on board, recently hit by U.S. sanctions, has docked at the Chinese port of Huanghau in Qangzhou province to unload after three months at sea. It is one of six Sokol oil tankers that have been near Chinese ports in recent weeks. Ships have remained at sea since last November in the absence of oil buyers due to W...

Solidcore Resources

Polymetal shareholders approved the sale of the Russian business to Sergey Yanchukov's Mangazei structure. Polymetal JSC is valued at $3.69 bln. Deal will be closed in the nearest future.

Sistema

Hotel operator Cosmos Hotel Group opened a hotel in a 19th century mansion on Italianskaya Street in St. Petersburg. In the hotel there are five floors with 23 rooms. Total area of the building is 2.7 thousand square meters. m. More than ₽1 bln was invested in the creation of the hotel.

Rostelecom

Rostelecom received 100% of Mango Telecom LLC and M.Developer LLC - companies providing IP-telephony services and software development for corporate communications - as collateral. Experts see in the deal signs of takeover. Analysts estimate Mango Telecom at ₽5-6 billion and note that in case of its transfer to Rostelecom, there will be no large independent...

Mobile TeleSystems

In the second half of 2023, MTS additionally acquired 38% of blockchain platform operator Factorin for ₽662 million. Prior to that, MTS jointly owned 51% of Factorin with investment firm Digital Horizon. Factorin's platform is a blockchain-based financial trading system with a focus on supply chain finance and factoring settlements.

Mobile TeleSystems

MTS' acquisition of 68.8% of the scooter rental service Yurent is worth ₽5 billion. Transaction was announced in January this year. Prior to that, the company owned 11.78% of Jurent. MTS paid ₽740 million for this stake.