Stock market news

RUSAL

Rusal started preparatory works within the framework of the Krasnoyarsk Aluminum Smelter environmental redevelopment project. A single electrolysis series with self-burning anodes consisting of two buildings will be built in place of the plant's existing buildings with EcoSoderberg production technology Nos. 13-16. It is planned to produce the first metal at...

Mosgorlombard

Mosgorlombard is considering an offering at the lower end of its price range at ₽3.1 per share. Earlier, the company extended the period for collecting applications for participation in the IPO until December 21.

Novolipetsk Iron and Steel Works

European Union plans to extend the validity of import quotas for Russian slab supplies, according to the European Council. We are talking about an extension for three to four years with a gradual reduction of annual volumes to zero by 2028. Current quota of 3.7 million tons ends at the end of 2024. NLMK is the main supplier to Europe: the holding supplies sl...

Gazprom

European Union has extended the permission to supply oil from the Sakhalin-2 project without observing the price ceiling mechanism until June 28, 2024 to meet Japan's energy security needs. European Union initially exempted oil supplies from Sakhalin-2 from the eighth package of sanctions. At first, the exemption was valid until June 5, 2023, then it was ext...

SPB Exchange

SPB Exchange and its depository SPB Bank are in talks with Hong Kong companies, unlocking non-US equities could happen faster, according to a presentation on SPB Bank's asset unlocking strategy published on its dedicated website unlockingassets.rf.

SPB Exchange

SPB Exchange has agreed on an asset unblocking strategy. In the near future, depository of exchange SPB Bank will apply to OFAC with a proposal of asset unlocking mechanisms and in the future will independently inform market participants about the progress of interaction with OFAC on the website unlockingassets.rf and in the tg-channel @assetunlocking.

Abrau-Durso

Russian wine house Abrau-Durso has agreed to produce chocolates at the facilities of the Magnit chain. In the line will be several positions with different flavors. Price of sweets during the holidays - ₽199 for a package of 160 g. Candies will be sold only in stores Magnit and in boutiques Abrau-Durso. Launch of the product may support the company's wine sa...

Magnit

Retailer Magnit and Abrau-Durso agreed on the production of chocolates at the facilities of Magnit. In the line will be several positions with different flavors. Price candy during the holidays - ₽199 for a package of 160 g. Candy will be sold only in stores Magnit and in boutiques Abrau-Durso. Retailer plans to continue launching joint projects with well-kn...

MMC Norilsk Nickel

MMC Norilsk Nickel joined RNK-Holding, the management company of Russian Stainless Company, which is implementing a project to produce flat-rolled stainless steel products with a capacity of 500,000 tons per year. Participation in the project will allow Nornickel to significantly increase nickel sales on the domestic market, as well as to integrate into the...

UGC

Board of Directors of Yuzhuralzolot approved a plan to increase market capitalization. Key elements of the plan include ensuring growth in gold production through the Siberian group of deposits, active work with the investment community and a stable dividend policy. Company also intends to get into several indices, which will allow attracting funds from inst...