Stock market news

Phosagro

Phosagro plans to increase output by 1.4 million tons in 2026, compared to 11.3 million tons expected in 2023. Growth will be driven by the development of phosphoric and sulphuric acid production, with output growth of 7% in 2026 compared to 2023.

Phosagro

PhosAgro's phosphoric acid production for 11 months of 2023 exceeded 3 million tons for the first time ever, up 5.3% year-on-year. Sulphuric acid production increased by almost 3% as a result of measures to increase self-sufficiency in this type of raw material. Output of mineral fertilizers, feed and industrial phosphates increased by 2.2%.

Abrau-Durso

Abrau-Durso will invest about $4 mln in the production of low-alcohol beverages in India. For this purpose, a joint venture with local partners has been created, which will improve the existing production near New Delhi. Main product of the future production will be low-alcohol carbonated beverages in ready-to-drink format both in cans and bottles. In first...

NOVATEK

Novatek established LLC Murmansk LNG. Dmitry Anishchenko, who heads Novatek-Ust-Luga, became CEO. Earlier it was reported that Novatek is studying the possibility of building a new large-capacity LNG project in the Murmansk region, consisting of three liquefaction lines with a capacity of 6.8 million tons each. LNG plant compressors will be powered by the su...

Mobile TeleSystems

MTS will offer users of the streaming service for gamers WASD, which was about to be relaunched, to switch to a new platform Nuum, which combines streaming, horizontal and vertical videos. Company expects that Nuum will be in demand against the background of restrictions on monetization on foreign video services. Full-scale launch of the service and presenta...

Sistema

Steppe Agroholding plans to modernize the Mishkino confectionery factory, which produces halva, in order to enter the markets of China and other Asian countries, sources told Kommersant. Assortment will include halvic candies, nougat, halva under the brand Mishkino with 25 flavors, including wasabi, lemon, green tea and ginger. Production capacity will incre...

Softline

Softline completed the placement of 44 million shares by closed subscription in favor of a subsidiary. Company plans to use the issued shares for employee motivation program, attracting new investors and selling shareholdings to them, settlements within the framework of future M&A deals and other promising projects. In fact, 25 million of them are already be...

Sistema

Pharmaceutical company Binnopharm Group estimates its business at more than ₽100 bln, the company's CEO Rustem Muratov told RBC Investments in an interview discussing a potential IPO. Binnopharm Group is interested in Chinese stock exchanges as an IPO platform, but in order to enter one of them it is necessary to first build a local business, which is what c...

Astra

Astra Group in partnership with computing and telecommunications equipment supplier Aquarius will start sales in Myanmar in early 2024. In particular, the companies are negotiating with the country's authorities to supply software and hardware solutions for the public sector against the backdrop of increasing sanctions pressure on it from the EU and the US....

EL5-Energo

Russian President Vladimir Putin has signed an order authorizing Lukoil to acquire a 7.4% stake in EL5-Energo from Uroc Limited. Thus, Lukoil's stake in the energy company may increase from 56.44% to 63.84%.