Stock market news

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.

Far-Eastern Energy Company

Far East Energy Company's RAS net profit for 2023 amounted to ₽3.3 billion, up 26.9% from ₽2.6 billion in the previous year. Revenue increased 29.3% to ₽156.02 billion against ₽120.7 billion a year earlier.

Mobile TeleSystems

Amount of the deal on sale of MTS business in Armenia amounted to $209.1 mln. The transaction was announced in January 2024. Profit from the sale of the asset is estimated by the company at ₽18.98 billion, and net cash inflow from the disposal at 16.27 billion. The sale of MTS Armenia CJSC and MobiDram CJSC payment system to Fedilco Group of Cyprus was annou...

Inter RAO

Boris Kovalchuk, who has headed Inter RAO for the past 15 years, may leave the company in the near future for a promotion, a Kommersant source said. He may head Gazprom, Rosneft, become deputy prime minister for fuel and energy instead of Alexander Novak, or become governor of St. Petersburg. Inter RAO is likely to be headed by Sergei Dregval, who comes from...

LSR Group

Board of Directors of LSR early terminated the powers of the majority shareholder Andrei Molchanov as CEO of the company. Andrey Molchanov also decided to resign from the Board of Directors. Dmitry Kutuzov was appointed as the new CEO of LSR. He has been working in the group since 2004. In different years he held the positions of Head of the Planning and Eco...