Stock market news

EN+ Group

En+ Group is discussing with CHN Energy localization of wind turbine production in the Far East, the State Corporation for the Development of the Far East and the Arctic reported. Production will be designed to produce 50-60 units with a capacity of 6 MW each. Investment may amount to ₽14 billion. Construction costs of the largest wind farm in Russia with a...

VK

Social network VKontakte has reached a record coverage rate among the Russian population, according to Mediascope data. In December 2023, the indicator amounted to 73% - this makes the social network the most popular in Russia. Next come Telegram with 68% coverage, TikTok - 55% and Odnoklassniki - 43%. VKontakte's most popular services are videos, vertical v...

NOVATEK

Novatek will form a team with an office in China to handle gas marketing, sources told Reuters. Opening the office will help find customers for the products of the new Arctic LNG-2 plant against the background of U.S. sanctions. New team is expected to be headed by Xu Jinhai, a former Gazprombank executive in China.

Aeroflot

Aeroflot Group plans to carry more than 50 million people in 2024, said the company's CEO Sergey Alexandrovsky. In 2023, the group carried 47.3 million passengers.

Samolet Group of Companies

Developer Samolet has won the auction for the sale of stakes in six companies that own the rights to 6.6 hectares in the settlement of Kommunarka in New Moscow. According to the lot documentation, the winner of the auction will be able to build about 600,000 square meters of residential and commercial real estate on this territory. Deal amount will be ₽3.47...

Segezha Group

Segezha Group increased the share of plywood sales on the domestic market to 45% of the company's total output. Main consumers of the products are companies in the construction, transportation and shipbuilding sectors, as well as in the wooden housebuilding and furniture sectors. Segezha Group's plywood is in demand not only within Russia, but also in China,...

Alrosa

Alrosa identified and put on the state balance sheet placer gold reserves at two subsoil areas Borosku-Unguokhtakhtakh and Khaptasynnykh-2. Deposits are located in the Olenek ulus of Yakutia. Reserves of precious metal by categories C1+C2 amount to 786.6 kg. In addition, exploration works and pilot placer development will start in the near future at the Hapt...

Magnitogorsk Iron and Steel Works

Magnitogorsk Iron and Steel Works' IFRS net profit for 2023 amounted to ₽118.36 billion, up 68.2% from ₽70.37 billion in the previous year. Revenue increased 9.1% to ₽763.39 billion against ₽699.82 billion a year earlier.

Delimobil

Delimobile, a carsharing service, has set the IPO offering price at ₽265 per paper, which corresponds to the upper limit of the price corridor. Order book for the first IPO of 2024 was oversubscribed three to four times. Amid strong demand, the IPO size was increased from ₽3 bln to ₽4.2 bln. Carshare service was valued at ₽46.6 bln. Free-float will be 9%. Tr...

Gazprom

Operation of gas processing plant in Ust-Lega is due to start in 2026, and the gas chemical plant in 2027. LNG plant of the complex will start operation in 2027-2028. Volume of capital investments will amount to at least ₽2.97 trillion in the prices of the respective years, excluding VAT. Total project cost including VAT and operating flow in the investment...