Stock market news

Severstal

Severstal launched an investment project to build heating furnace No. 3 at Mill 2000 at Cherepovets Steel Mill. This is the third stage of technical re-equipment of the furnace section of CherMK's busiest hot strip mill. Mill 2000 produces about 65% of CherMK's output. Investments in the project will amount to more than ₽6 billion.

LUKOIL

Lukoil Oil Company signed a concession agreement with the Egyptian State Oil Corporation for exploration, development and development of an additional section of the West Ash El-Mallaha field in the Eastern Desert. Document was signed at the international oil and gas exhibition EGYPES 2024 in the capital Cairo. Several other Russian companies operating in th...

NOVATEK

Independent gas producer Novatek produced its first liquefied natural gas at the Arctic LNG 2 plant last December, the company said in its annual report. Medium-tonnage LNG plant Cryogas-Vysotsk produced 812,000 tons of LNG in 2023. Yamal LNG's production volumes are not given. It is only reported that production at the Yuzhno-Tambeyskoye field, which is the...

Nebius Group

IT company Yandex will start launching new consumer electronics brands on foreign markets. Coordination of the development of new device brands will be handled by Sergey Melnik, who has been working at Yandex for more than 15 years in management positions in various areas. Currently, Yandex's line of smart devices is represented by smart speakers with Alice,...

Rusagro

Rusagro Group became the sole shareholder of JSC Tuapse Plant of Reinforced Concrete Products, in which it had held a stake since 2022. Now the plant is not operating. RusAgro is not yet ready to talk about the asset's future fate. However, the Kommersant newspaper reported in March 2023 on RusAgro's plans to build a terminal for exporting vegetable oils in...

Sberbank

Sberbank has begun work on artificial intelligence for humanoid robots. It will be based on a large multimodal neural network. It will be subject to basic models of navigation, manipulation and movement planning. Robot training is part of a project to create Sber's own anthropomorphic robot.

KAMAZ

Kamaz Autoconcern will produce 12 more unmanned vehicles for cargo transportation along the M-11 Neva highway by September 2024. Now 9 unmanned trucks are being tested on the M-11 highway: 6 from Kamaz and 3 from Sberavtotekh. By the end of the year their total number is planned to increase to 43.

Abrau-Durso

Abrau-Durso company launched production of grape vodka under the brand 7 Vines at the winery Sheki Sharab in Azerbaijan. Total output is 100 thousand bottles of 0.5 and 0.7 liters. Novelty is already presented in branded boutiques of Atelier of Wine in Moscow. Soon it will appear in the leading federal retail chains.

M.Video

M.Video-Eldorado forecasts EBITDA of more than ₽21 billion for 2023. Net debt/EBITDA ratio will be less than 3.3.

Crystal

Kristall Plant has set the IPO offering price at ₽9.5, which is in line with the upper end of its price range of ₽8-9.5 per share. Company is placing 125 million shares for ₽1.188 billion to fund a replacement strategy for Western liquor producers that have left Russia. Thus, the entire company is valued at ₽8.79 billion. Kristall Group intends to increase r...