Stock market news

Nebius Group

IT company Yandex will launch a virtual assistant in Kazakhstan. By the end of 2023, the Kazakh-language voice assistant Alice will be available in Yandex Browser on computers, smartphones and in the mobile application. Company has already launched search services, maps and navigation in Kazakh language. Since the beginning of this year, the local audience o...

KuibyshevAzot

KuibyshevAzot launched a new ammonium nitrate granulation and evaporation unit. Project was implemented using Russian technologies licensed by the State Institute of Nitrogen Industry. In addition, 90% of the installed process equipment is from domestic suppliers. Unit has no analogues in Russia in terms of unit design capacity, which is 2,300 tons per day....

Nebius Group

Online booking service Yandex Travel has become the leader among aggregators for hotel search in summer 2023, overtaking Ostrovok.ru in terms of share, follows from the data of the TravelLine platform for hotel business. Over the year, the Yandex Travel service has almost doubled its share of bookings - from 8.1% last summer to 15% in June-August 2023. Howev...

Aeroflot

Aeroflot Group settled relations with AerCap, an Irish lessor, over the operation of 18 aircraft and 5 aircraft engines. Title to the aircraft and engines was transferred to NSC Insurance Company, which paid the settlement amount. Negotiations on settlement of claims with other lessors of foreign aircraft continue.

RUSAL

Viktor Vekselberg's Sual Partners has filed a ₽74 billion lawsuit against Rusal's board of directors, according to a case file. There are no other details in the case file. Earlier, it was reported that Sual plans to take the company to court over the actions or rather inaction of the board of directors when the company made unprofitable deals to hedge alumi...

Sistema

Cosmos Hotel became an owner in Ibis Pskov LLC, which earlier announced the construction of a three-star hotel with 120 rooms in Pskov. Amount of the deal is not disclosed. Managing partner of Ivashkevich Hospitality Stanislav Ivashkevich assumes that the cost of the project company was not high - about ₽100 mln. Another ₽1,2-1,5 bln. will have to be investe...

OGK-2

Board of Directors of OGK-2 has called an extraordinary meeting of shareholders for October 10 to decide on placement of additional issue of 48.28 billion shares. Securities are planned to be placed by closed subscription with payment both in cash and by offsetting of counterclaims. Price of placement and the range of potential buyers have not been determine...

United Wagon Company RPC

UWC plans in fourth quarter of 2023 to issue additional shares to reduce its debt. Company is negotiating debt restructuring with partial repayment with its main creditor and largest shareholder - Trust Bank, and has also convened a shareholders' meeting on September 12 to make a decision on placement of 12.5 billion additional shares by public subscription....

MOEX Group (Moscow Exchange)

Moscow Exchange is negotiating with some Russian regions to issue the Islamic equivalent of bonds - sukuk - to finance the construction of toll roads and the launch of eco-transportation, said Sergey Shvetsov, chairman of the exchange's supervisory board. Wrapping sukuk into standard bonds is difficult enough, but wrapping them in digital rights is easy enou...

United Wagon Company RPC

UWC plans to increase production of freight cars in 2023 by 2.1 times compared to the previous year - up to 16.9 thousand units. In the first half of the year, production amounted to 7.35 thousand units, down 9.8% from 8.15 thousand railcars a year earlier. At the same time, deliveries of freight cars increased by 43% to 7.4 thousand units. Deliveries of gon...