Stock market news

NOVATEK

A fire broke out at Novatek's terminal in the port of Ust-Luga settlement, causing it to temporarily stop operations. Fire affected two tank cars and a pumping station. Exact extent of the damage is yet to be assessed. Reason of the fire in the company called the external impact, without specifying what kind of impact. Eyewitnesses are circulating footage on...

QIWI

Qiwi is selling its Russian assets to Fusion Factor Fintech Limited, a Hong Kong-based company owned by Qiwi's current CEO, Andrey Protopopov. Amount of the transaction is ₽23.75 billion. Sale has already been approved by Russian regulators and Qiwi's board of directors. Upon completion, the company will conduct a buyback of ADSs on Nasdaq and the Moscow Exc...

MOEX Group (Moscow Exchange)

Association of Retail Investors proposed to fix specific requirements to the content of the dividend policy in the listing rules. Letter has been sent to the Director of the Listing Department of the Moscow Exchange. Under current conditions, companies are tempted to make the dividend policy formal, which does not contain any substantive information that is...

LSR Group

Value of new LSR contracts in 2023 increased 2.3 times to ₽216 billion. In physical terms, the sales volume increased 2.2 times to 1.099 million square meters. Share of mortgage transactions amounted to 75%, increasing by 1 p.p. A total of 974 thousand square meters of net sellable area was commissioned, 36.8% more than a year earlier.

EvroTrans

Board of Directors of Eurotrans has approved the conclusion of agreements with shareholders for gratuitous additional contribution to the company's property. Several individuals and legal entities will contribute cash or transfer property to the company for a total amount of ₽1.4 billion.

T-Bank

Tinkoff Investments broker launched a digital service with portfolio manager functions, which develops an individual strategy based on expert analytics and parameters set by the investor. Once the strategy is launched, the system will automatically follow it and report on all transactions and the current state of the portfolio.

LUKOIL

Lukoil Oil Company has completed the acquisition of 7.4% of shares in EL5-Energo from Uroc Limited, increasing its stake in the energy company to 63.84%. Amount of the transaction is not disclosed by the parties. Uroc Limited may be related to the Middle East investment fund AGC Equity Partners, which was previously part of a consortium with RDIF and Austral...

EL5-Energo

Uroc Limited withdrew from the capital of EL5-Energo, selling 7.4% of the energy company to Lukoil. UROC Limited, registered in Cyprus, acquired a stake in EL5-Energo in 2021. Energy company could not comment on who the new shareholder was, but an Interfax source suggested that UROC Limited may be linked to the Middle Eastern investment fund AGC Equity Partn...

Magnit

Federal Antimonopoly Service has approved Magnit's acquisition of a stake in Samberi, the largest retail chain in the Far East. Retailer acquires 33.01% of Samberi and will also receive an option to buy out the remaining stakes within five years. Closing of the first stage of the transaction is expected in the summer of 2024.

Seligdar

Gold production by Seligdar Holding in 2023 amounted to 8,274 tons, up 10% from 7,555 tons a year earlier. Gold sales volume increased by 6% to 8.06 tons. Tin production increased 4% to 3,000 tons. Revenue from gold sales exceeded the 2022 figure by 82% to ₽50.8 billion, of which about 88% came from sales of own gold. Revenue growth was driven by both higher...