Stock market news

Solidcore Resources

Polymetal closed the sale of its Russian business to Sergey Yanchukov's Mangazei structure. Polymetal JSC was valued at $3.69 bln. As a result of the deal, the company reduced its net external debt by $2.20 bln, fully repaid $1.04 bln of intragroup debt after tax and received $300 mln after tax. Polymetal's net cash position now stands at $130 mln. Company w...

Tatneft

Tatneft signed an agreement on cooperation in the field of petrochemicals with SOCAR, the state oil company of Azerbaijan. As part of their visit to Tatarstan, representatives of the Azerbaijani state company also toured some of TATNEFT's facilities, including the TANECO complex of oil refineries and petrochemical plants.

Nebius Group

Shareholders of Yandex N.V. approved the sale of the Yandex business and changes in the corporate governance structure. Closing of the transaction will take place in two stages. At the first stage, Consortium.First ZPIF will buy from Yandex N.V. a controlling stake - up to 68% - in Yandex INC. It is expected that the first stage will be completed in the comi...

Positive Technologies Group

Positive Technologies has set the maximum value of additional share issue in the amount of 15% for each twofold growth of capitalization and determined the volume of the first additional share issue - 7.9%. The planned additional issue will be the only one this year and takes into account capitalization growth for 2023. Capitalization growth until 2023 will...

Severstal

Incident at Severstal's Cherepovets Iron and Steel Works was caused by a drone of unidentified affiliation, said Vologda Region Governor Georgy Filimonov. He noted that there were no casualties, the operation of the blast furnace was not disrupted. Severstal specified that the blast furnace resumed operation after the inspection.

Rostelecom

Rostelecom completed construction of the second stage of the new Trans-Eurasian fiber-optic communication line TEA NEXT and announced the technical readiness of the line for the start of commercial operation. High potential of the new communication line made it possible at this stage to use two fibers of the super-capacity FOCL for its own needs. TEA NEXT wi...

KAMAZ

Auto concern Kamaz intends to supply Moscow with 1.5 thousand electric buses in the next 3 years, said the head of the company Sergey Kogogin. Current contract is concluded for 2023-2024. However, the contract for another three years, at least for 500 electric buses per year, is already being worked out.

Vyborg Shipyard

Vyborg Shipyard's RAS loss for 2023 amounted to ₽0.686 billion, down 3 times from ₽1.952 billion in the previous year. Revenue increased 45.9% to ₽12.103 billion against ₽8.298 billion a year earlier.

Severstal

At Severstal's Cherepovets Steel Mill there was a technological incident in blast furnace production. There were no casualties. One of the units was taken out for previously scheduled repairs. Reasons for the incident are being investigated. Eyewitnesses reported in social networks about the sound of an explosion in the area of the fourth blast furnace of th...

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...