Stock market news

Solidcore Resources

Polymetal has entered into an agreement to sell its Russian business to Sergey Yachunkov's Mangazeya Group for $3.69 bln, including $2.2 bln of debt. Amount of the deal includes $1.43 billion of dividends to be paid to Polymetal before the deal closes. Cash proceeds in favor of Polymetal upon completion of the sale are estimated at $300 mln. These funds will...

Sovcombank

Sovcombank's net profit for 2023 amounted to ₽95 billion, compared to a loss of ₽14.34 billion in the previous year. Regular part of net profit amounted to ₽62 billion, non-regular - ₽33 billion. Full reporting of the bank will be published on March 15, but already now the management reported plans to propose to the board of directors to pay dividends on the...

UralSib Bank

Financial rehabilitation of Uralsib Bank has been completed ahead of schedule, the state corporation Deposit Insurance Agency has announced. Bank was bailed out in 2015, then the auction was first won by an individual - businessman and ex-officer Vladimir Kogan. He received about 82% of shares, while the former controlling owner, also businessman Nikolai Tsv...

Sovcombank

Sovcombank will buy Home Bank in two stages. First, 51% of Home Bank's shares will be acquired in exchange for Sovcombank's shares. Volume of the additional issue will amount to 5% of the authorized capital. Second stage will take place by the end of 2024. It will include the acquisition of the remaining 49% of Home Bank shares, paid in cash with installment...

Cherkizovo Group

Cherkizovo's IFRS net profit for 2023 amounted to ₽33.03 billion, up 2.2 times from ₽14.91 billion in the previous year. Revenue increased 23% to ₽226.71 billion against ₽184.34 billion a year earlier.

IMCB

Moscow Exchange has temporarily suspended trading in IMCB shares, due to a significant increase in their value and trading turnover, the company explained. In order to stabilize the price of shares trading is suspended until February 21 inclusive. A day before the suspension, on February 15, the trading turnover of IMCB shares amounted to ₽781 million. Share...

OGK-2

OGK-2's RAS net profit for 2023 amounted to ₽9.92 billion, down 17.9% from ₽12.09 billion in the previous year. Revenue increased 15.2% to ₽164.68 billion against ₽142.92 billion a year earlier.

Seligdar

Seligdar Holding plans to select the most efficient technological solution for the development of the Kyuchus deposit by the end of 2024-beginning of 2025. Currently, the company is considering various technologies, including traditional enrichment methods followed by hydrometallurgical processing of the concentrate, as well as pyrometallurgical technologies...

Pharmsynthesis

Pharmsintez sold the Estonian plant Kevelt. The buyer was Dmitry Genkin, Chairman of the Board of Directors of the company. Transactions amounted to €224.8 thousand. At the same time, the parties entered into an option, according to which Pharmsintez has the right to buy back the shares within ten years. Companies also offset the counterclaims on the debt of...

QIWI

Qiwi Chief Operating Officer Maria Shevchenko is leaving the position effective February 29 for personal reasons, but will continue to advise the company. She combined this position with the position of Chairman of the Board of Directors of Qiwi Bank from March 2019. Prior to joining Qiwi, Maria Shevchenko worked at Alfa Bank.