Stock market news

Sovcombank

Sovcombank will buy Home Bank in two stages. First, 51% of Home Bank's shares will be acquired in exchange for Sovcombank's shares. Volume of the additional issue will amount to 5% of the authorized capital. Second stage will take place by the end of 2024. It will include the acquisition of the remaining 49% of Home Bank shares, paid in cash with installment...

Cherkizovo Group

Cherkizovo's IFRS net profit for 2023 amounted to ₽33.03 billion, up 2.2 times from ₽14.91 billion in the previous year. Revenue increased 23% to ₽226.71 billion against ₽184.34 billion a year earlier.

IMCB

Moscow Exchange has temporarily suspended trading in IMCB shares, due to a significant increase in their value and trading turnover, the company explained. In order to stabilize the price of shares trading is suspended until February 21 inclusive. A day before the suspension, on February 15, the trading turnover of IMCB shares amounted to ₽781 million. Share...

OGK-2

OGK-2's RAS net profit for 2023 amounted to ₽9.92 billion, down 17.9% from ₽12.09 billion in the previous year. Revenue increased 15.2% to ₽164.68 billion against ₽142.92 billion a year earlier.

Seligdar

Seligdar Holding plans to select the most efficient technological solution for the development of the Kyuchus deposit by the end of 2024-beginning of 2025. Currently, the company is considering various technologies, including traditional enrichment methods followed by hydrometallurgical processing of the concentrate, as well as pyrometallurgical technologies...

Pharmsynthesis

Pharmsintez sold the Estonian plant Kevelt. The buyer was Dmitry Genkin, Chairman of the Board of Directors of the company. Transactions amounted to €224.8 thousand. At the same time, the parties entered into an option, according to which Pharmsintez has the right to buy back the shares within ten years. Companies also offset the counterclaims on the debt of...

QIWI

Qiwi Chief Operating Officer Maria Shevchenko is leaving the position effective February 29 for personal reasons, but will continue to advise the company. She combined this position with the position of Chairman of the Board of Directors of Qiwi Bank from March 2019. Prior to joining Qiwi, Maria Shevchenko worked at Alfa Bank.

Nizhnekamskneftekhim

Nizhnekamskneftekhim plans to commission the hexene production unit under construction in the middle of 2025, said CEO of the chemical plant Marat Falyakhov. Earlier the company planned to commission hexene production in the second half of 2024. Unit with a capacity of 50 thousand tons of hexene per year is being built on the territory of the NKNH oligomers...

Nizhnekamskneftekhim

Share of Nizhnekamskneftekhim's sales in the domestic market increased from 59% to 71%. At the same time, the share of product sales in the European market decreased to 4%. According to the NKNK report for 2020, Europe accounted for 35.4% of synthetic rubber sales. Michelin, Goodyear, Pirelli, Continental, Bridgestone were the buyers of the products. All of...

Magnitogorsk Iron and Steel Works

MMK's supplies to the domestic market increased by 18% in 2023. Share of the Russian market in the Company's total sales of rolled products amounted to 83%. Steel production in the country in 2023 amounted to 75.8 million tons, up 5.6%. This was possible due to the growth of domestic steel consumption, which increased by 12%. Increased demand was noted in al...