Stock market news

United Wagon Company RPC

Bank of non-core assets Trust left the UWC with a loss of ₽20 bln, said Alexander Sokolov, Chairman of the Bank's Management Board. He attributed the loss to the fact that the asset was sold ahead of schedule and the transaction itself followed a non-standard procedure. Company was sold ahead of schedule due to possible technological risks associated with th...

Gazprom

Gazprom Helium Service received technical specifications for connecting a natural gas liquefaction complex in Belarus to the gas supply network. Agreement on the construction of a plant and sales infrastructure for liquefied NGV fuel was signed at the St. Petersburg International Gas Forum in 2023. Complex will be located on the territory of the Velikiy Kame...

Russneft Oil Company

Bank of non-core assets Trust wants to sell its preferred shares of Russneft as early as in 2024, said Alexander Sokolov, Chairman of the Bank's Management Board. Now Trust owns 33% of preferred shares of Russneft, VTB owns another 66%. Oil company is obliged to allocate $70-110 mln annually for dividends on pref shares depending on the oil price. Trust's st...

MOEX Group (Moscow Exchange)

Moscow Exchange resumed trading on the stock market from 11:35. Suspension lasted about an hour. There is no information about its reasons.

RUSAL

Aluminum producer Rusal, investment company MASS GROUP and Sial Group of Companies will build Russia's first aluminum runway. Length of the experimental aluminum runway will be up to 600 m, and it will take about 300 tons of hardened aluminum alloy. Cost of a full-fledged aluminum runway, including logistics, installation and operating costs, will be 15-20%...

KAMAZ

Kamaz Autoconcern has disclosed the parameters of the KAMAZ-2030 strategy, which was approved by the Board of Directors in December 2023. Company intends to increase revenue to ₽806 billion, which is 2.7 times higher compared to the base year of 2022. Achieve an EBITDA margin of 9%. Reach production and sales volumes before the 1993 engine plant fire of 60,0...

MOEX Group (Moscow Exchange)

Moscow Exchange has suspended trading on the stock market again. Reason for the suspension is not reported.

NOVATEK

Novatek completes construction of a mini LNG plant at the Kashira Special Economic Zone. Specialists are completing commissioning of process equipment and engineering systems. Construction of the facility with a capacity of 14 thousand tons of fuel per year began in January 2023. It was planned to complete the construction at the end of 2023. Investment volu...

Ozon Holdings

Ozon, including services, amounted to over 1.7 trillion in 2023, up 2.1 times. Online retailer processed over 950 mln orders, which is 2 times more than in the previous year. Number of orders increased due to higher frequency of purchases per customer and growth of the customer base. There were more than 20 orders per Ozon customer, which is 1.6 times more t...

Lenta

Lenta chain has applied for registration of the trademark Vingarage at the end of January 2024, including under the class of retail store services, Kommersant found in the Rospatent database. According to the publication's sources, the retailer is developing a format of alkomarkets with a strong wine assortment along the lines of the Vinlab chain. Company ha...