Stock market news

Promomed

Promomed launches a new drug Velgia for the treatment of overweight and obesity of any severity. Registration procedure for the drug, produced on a full cycle from substance to finished dosage form, has been completed. First batches will go on sale in Q4 2024.

RUSAL

Rusal will start the active construction phase of the second stage of the Boguchansk Aluminum Smelter next year. Phased introduction of the third and fourth start-up complexes is planned until approximately 2030.

SPB Exchange

SPB Exchange plans to hold at least five IPOs in 2025, said executive director of the trading floor Ivan Suzimov.

X5 Group

Hard discounter chain Chizhik aims to reach ₽1 trillion in revenue in 2028, said Ilya Yakubson, managing director of the retail chain. Chizhik's revenue in 2023 totaled ₽118.425 billion, a 3-fold increase from 2022. In the first half of 2024, the chain's revenue increased 2.3 times to ₽102.423 billion

Territorial Generating Company № 14

Power generation by TGC-14's power plants for 9 months of 2024 amounted to 2.3 billion kWh, up 10.9% year-on-year. Heat output amounted to 3.9 mln Gcal, up 2.8%.

MOEX Group (Moscow Exchange)

Private aerospace company SR Space raised ₽23.47 million in investor bids in a Pre-IPO on the Moscow Exchange platform, 65 times less than the planned ₽1.53 billion. SR Space intends to float the remaining amount of the additional share issue in the OTC market on a daily basis until June 27, 2025, or until the last of these shares are offered.

Pre-IPO

Private aerospace company SR Space raised ₽23.47 million in investor bids in a Pre-IPO on the Moscow Exchange platform, 65 times less than the planned ₽1.53 billion. SR Space intends to float the remaining amount of the additional share issue in the OTC market on a daily basis until June 27, 2025, or until the last of these shares are offered.

SmartTechGroup (CarMoney)

Promsvyazbank has set the buyback price of CarMoney shares within the framework of the voluntary offer at ₽2.5 per paper. Satisfaction of bids will take place today during trading on the Moscow Exchange. Additional information on the results of the offer will be published after the settlement is finalized.

Renaissance Insurance

Renaissance Insurance Group has closed the acquisition of Raiffeisen Life Insurance Company with an investment portfolio of approximately ₽20 billion. Portfolio consists of long-term savings, investment, risk and credit insurance products.

Far-Eastern Shipping Company

Fesco will continue for three years to perform a range of loading and unloading and transportation services, form the necessary logistics infrastructure, and provide ship and cargo handling at the Vostochny terminal of Akkuyu NPP in Turkey. Having become the single logistics operator of the Vostochny terminal in 2021, the company handled 45 ship calls and ha...