Stock market news

United Credit Systems

Moscow Exchange decided to exclude shares of United Credit Systems from the list of securities admitted to trading from October 18, 2023. The basis was the company's application.

NOVATEK

Novatek intends to use its own gas liquefaction technology Arctic Cascade Modified at Obsky LNG and Arctic Mix at Murmansk LNG. Improved Arctic Cascade allows the construction of liquefaction units with a capacity of about 3 million tons in the Arctic climate. Arctic Mix technology was developed specifically for BGT-based liquefaction lines with a capacity o...

VEON

Veon and Vimpelcom's top management have amended the terms of the deal to sell Vimpelcom to the company's top management. Deal will be paid for by transferring Veon bonds bought by Vimpelcom from Russian investors to a subsidiary of the Dutch holding company. Veon expects to complete all formalities necessary to close the deal by October 13.

Philip Morris International

The Philip Morris International Board of Directors announced a quarterly dividend of $1.3 per share. The last day to buy securities to receive the dividend is September 25, 2023. The annual dividend yield may reach 5.29%.

United Wagon Company RPC

An extraordinary meeting of shareholders of United Wagon Company approved an increase in the authorized capital by means of an additional share issue. UWC plans to place 12.5 bln additional shares by public subscription. Currently, the company's authorized capital consists of 115.997 million shares. Price of the securities placement will be determined later...

VTB Bank

VTB, which will become the managing shareholder of the United Shipbuilding Corporation, will have to act as its co-investor, according to Viktor Yevtukhov, deputy head of the Ministry of Industry and Trade. VTB CEO Andrei Kostin believes that closing old financial holes of the United Shipbuilding Corporation must be undertaken by the state, not by the bank's...

Federal Grid Company - Rosseti

Russian Grids may reconsider the decision not to pay dividends until 2026 depending on the company's results and its plans for the investment program, head of Russian Grids Andrei Ryumin. Earlier, Russian President Vladimir Putin instructed the Cabinet of Ministers to provide for a waiver of payment of dividends by Russian Grids for 2022-2026 to finance the...

Sollers

Sollers Auto Concern is considering the possibility of setting up a joint venture with Russian automakers to produce auto components, said Zoya Kaika, deputy general director of the company. According to the top manager, Russian automakers have common needs for auto components, and their volumes can be easily unified.

QIWI

Qiwi has received a delay from the Nasdaq exchange to complete its business restructuring. Company requested the delay because it needs to obtain regulatory approvals for the sale of its Russian assets. Qiwi plans to complete the business separation process to maintain its listing by November 11, 2023. Originally company planned to complete the full separati...

Transneft

Meeting of the Board of Directors of Transneft on the issue of stock split will be held on September 15. Earlier committee of the Board of Directors of the company supported the proposal of the administration and management of the company to split the shares 100 times to increase their liquidity.