Stock market news

Noventiq

Softline's major shareholder, Atalaya LLC, completed the acceptance of offers to exchange Noventiq depositary receipts for Softline shares at a ratio of 3 to 1. Over 14 million Noventiq receipts were exchanged under the accepted offers, which amounted to 82% of the company's securities in Russian depositories. As a result, the free float of Softline shares r...

Softline

Softline's major shareholder, Atalaya LLC, completed the acceptance of offers to exchange Noventiq depositary receipts for Softline shares at a ratio of 3 to 1. Over 14 million Noventiq receipts were exchanged under the accepted offers, which amounted to 82% of the company's securities in Russian depositories. As a result, the free float of Softline shares r...

Inter RAO

Inter RAO expects the volume of electricity exports in 2023 at 10.5 billion kWh, down 19.2% from 13 billion kWh a year earlier. Most of the energy exports go to Kazakhstan, where the volume of supplies by the end of the year may reach almost 5 bln kWh. Exports to China dropped significantly due to the energy deficit in the UES of the East.

LSR Group

Andrey Molchanov, the majority owner of LSR, reduced his stake in the company from 65.1% to 55.1%. His son Egor Molchanov, on the contrary, increased his stake in the company from 1% to 11%. Earlier, on June 1, Andrei Molchanov had already transferred 10% in the company to his son. Then on June 9, he increased his stake in the company again from 55.1% to 65....

PIK-specialized developer

PIK has bought a part of the territory of the wine and cognac factory "KiN" in Ilyinskoe-Usovo near Krasnogorsk in the Moscow region. Value of free plots with a total area of 3.4 hectares could be ₽1.5 billion. 120-140 thousand square meters could be built on them. Investment volume is estimated at ₽12-14 bln. Revenue from the sale of apartments in - ₽30-35...

Tatneft

Tatneft signed an agreement with Evocargo to launch commercial operation of the Evocargo N1 unmanned light-duty electric trucks at the industrial site of the oil company in Almetyevsk. Evocargo electric trucks have a load capacity of 2 tons, can accelerate up to 20 km/h and have a range of 200 km. Using unmanned trucks can reduce customer costs by 45% compar...

Solidcore Resources

Polymetal's IFRS net profit for 6 months of 2023 amounted to $190 mln, compared to a loss of $321 mln in the previous year. Revenue increased by 25.5% to $1.315 bln vs. $1.048 bln a year earlier.

Russneft Oil Company

Production of Russneft for 6 months of 2023 amounted to 3.28 million tons, down 3.8% from 3.41 million tons a year earlier. Natural gas production decreased by 13.6% to 133 million cubic meters. Associated petroleum gas production amounted to 934 million cubic meters, down 1%. Decrease in production in the first half of the year was due to shutdowns of the l...

Gazprom Neft

Gazprom Neft launched a primary oil refining complex at the Omsk Refinery. State-of-the-art production will replace six units of the previous ecological generation at once. New complex will annually process 8.4 million tons of crude oil and 1.2 million tons of gas condensate to produce gasoline, diesel fuel and aviation kerosene, which are in demand in the m...

Solidcore Resources

Polymetal intends to move the construction of the Pacific Hydrometallurgical Plant from Sovetskaya Gavan in Khabarovsk Krai to Kazakhstan, said the head of the company Vitaly Nesis. Investment volume in the project after moving the site is estimated at $700-800 million. Company's Board of Directors in 2021 approved the initial investment in the project, whic...