Stock market news

VTB Bank

VTB's shareholders decided to consolidate or reverse split ordinary shares, during which the par value of the securities will be increased from ₽0.01 to ₽50. Prior to the reverse split, the number of common shares of the credit organization is 26.8 trillion. After the consolidation, their number will be 5.3 billion shares. Main purpose of the share consolida...

Magnit

Dixy chain opened three outlets of ultra-small stores Dixy Go! in Moscow and the Moscow region. Stores are focused on everyday shopping and supplementary purchases of basic products. They are located on the first floors of residential buildings. Dixie Go! format features a small selling area of 70-110 sq. m. and a relatively small assortment of 2 thousand SK...

Artgen

Genotarget, a startup belonging to Artgen Biotech, has completed preclinical studies of a new gene therapy drug GTDF102 for the treatment of muscular dystrophy. In studies conducted on mice with a disease model, it was possible to achieve the synthesis of the normal protein dysferlin in an amount sufficient to improve the condition of muscle tissue. Genotarg...

Gazprom

Government will allocate almost ₽400 billion from the National Welfare Fund for Gazprom's gas processing project in Ust-Luga. Project envisages construction of facilities for annual processing of 45 billion cubic meters of gas, production and shipment of 13 million tons of LNG, 3.6 million tons of ethane and up to 1.8 million tons of liquefied hydrocarbon ga...

MD Medical Group Investments

MD Medical Group's board of directors has recommended a dividend for 3 months of 2024 of ₽141 per share. The last day to purchase securities to receive the dividend is June 19, 2024. Dividend yield could be 13.15%.

Inter RAO

Inter RAO is at an advanced stage of negotiations to purchase Elsib, a manufacturer of electric motors, generators and transformers for the electric power industry controlled by SUEK. Market value of the asset is estimated at ₽10-13 billion. Purchase of Elsib will allow Inter RAO to close the chain of production of equipment for TPPs in its machine-building...

Positive Technologies Group

Positive Technologies' Board of Directors proposed to shareholders to increase the authorized capital by placing additional issue of shares by closed subscription. Other parameters of the share offering have not been disclosed yet. Earlier the company reported that the volume of the additional share issue will amount to 7.9% of the capital. Shareholders' mee...

Rushydro

Board of Directors of Rushydro recommended that dividends be paid for 2023 in the amount of ₽0.0779 per ordinary share. The last day of the purchase of securities to receive dividends is July 8, 2024. Dividend yield may amount to 11.95%.

Rusagro

Rusagro Group and the Government of Kuzbass signed an agreement on the construction of the company's rapeseed and oil production plant in the region. Launch of production with a capacity of 1 million tons of rapeseed and 600-700 thousand tons of oil is scheduled for 2027. Investments volume will amount to about ₽21 bln.

TMK

TMK sold Yartsevsky Metzavod, which it acquired in October 2020, to a third-party investor. Sale of the non-core asset will allow the company to focus on its core business: development and supply of advanced pipe solutions, services and integrated engineering projects.