Stock market news

Transneft

Board of Directors of Transneft proposed to the shareholders' meeting to make a decision on share split with the ratio of 1:100. Date of the general meeting of shareholders on this issue has not been disclosed by the company yet.

MOEX Group (Moscow Exchange)

Bank of Russia has determined the procedure for the automatic conversion of depositary receipts of quasi-Russian companies in the event that they obtain the status of an international company in a Russian jurisdiction. Procedure will affect only securities the rights to which are accounted for by Russian depositaries. Decisions on redomiciliation to Russia w...

Acron

Acron Group plans to launch potash production at the Talitsky area of the Verkhnekamskoe deposit in 2026. Total investments will amount to $2.7 billion, of which $1.3 billion has already been invested. Initially, production was planned to start in 2021 and reach its design capacity of 2 million tons by mid-2023.

Solidcore Resources

Polymetal reduced its stake in the Veduga project from 59.44% to 49.99%. According to the Unified State Register of Legal Entities, 9.46% went to Parus Msk. Its owners are hidden. As explained by the representative of the project operator, this is part of the deal to restructure VTB's stake in Veduga. Bank owns 40.55% of the project, which Polymetal was goin...

Sberbank

Marketplace Sber Eapteka plans to launch a service for online sales of medicines in installments. Launch of the project will make it possible to occupy a free niche in the market, since other sites offer such a service only for dietary supplements and not for medicines.

O'Key Group

O'Key Group's IFRS loss for 6 months of 2023 was ₽2.977 billion, against a profit of ₽0.576 billion in the previous year. Revenue rose 1.7% to ₽99.478 billion against ₽97.8041 billion a year earlier.

IMCB

Shareholders of IMCB approved dividends for 6 months 2023 in the amount of ₽42 per ordinary share. The last day of purchase of securities to receive dividends is September 22, 2023. Dividend yield may amount to 3.51%.

Magnit

Retailer Magnit has closed a deal to buy back shares from foreign investors who owned 4.9% of the company through the international depository Euroclear. Previously, the company purchased from foreign investors 16.9 million shares accounted for in the Russian depository and settlement infrastructure, representing 16.6% of the authorized capital. Thus, a tota...

Phosagro

Phosagro has postponed the development of its new 2030 development strategy until early 2024. Main reason is the unavailability of Western technologies for the company's projects. Part of this strategy should be the project of a new ammonia complex. Earlier, the company reported that it plans to decide on an Asian licensor for the project by the end of 2023...

Rostelecom

Rostelecom-Solar introduced two brands under which it will separately provide services to commercial and public sector customers. Government agencies will be provided services under the Rostelecom brand, while commercial customers will be provided services under the Solar brand. There were no organizational changes in the company's structure - all six compan...