Stock market news

Solidcore Resources

Polymetal may resume listing of shares in London after the sale of the Russian division, the company's head Vitaly Nesis said. Gold miner expects to sell the assets within 6-9 months. Interest in their purchase has already been shown by more than 10 buyers not only from Russia, but also from China, as some Chinese companies are willing to take sanctions risk...

VSMPO-AVISMA Corporation

U.S. Department of Commerce has decided to impose export restrictions on 28 organizations from Russia, China, Germany, Germany, the United Arab Emirates, Oman, Pakistan, and Finland. VSMPO-AVISMA was among them. Commerce Department believes that the company produces products for Russia's military industry and has a "critical risk of diverting U.S. defense te...

NovaBev Group

Chain VinLab introduced an online service for corporate customers to place orders. The solution allows companies to purchase alcoholic beverages for various business purposes: for gifts to employees and partners, as well as for organizing events. One of the main advantages of the service is invoicing within 10 minutes. Orders are issued within one day across...

Sovcomflot

Restructuring of oil trade routes has caused a shortage of tankers, and it is impossible to fill it instantly, said Igor Tonkovidov, General Director of Sovkofmlot. Only way to avoid the deficit of tankers is to produce vessels of this type in proper quantity or to buy them where it can be done. Thus, Sovkofmlot continues to implement the announced program o...

Mechel

Conditions of the amicable agreement between Gazprombank and Mechel Mining and Metallurgical Company provide for debt repayment within two years on terms comfortable for the parties, conversion of debt into rubles and forgiveness of part of the total debt. This will allow Mechel to significantly reduce its debt load and reduce unsettled loan obligations in i...

KAMAZ

Kamaz Autoconcern presented its first unmanned dump truck Jupiter 30. Dump truck's payload capacity is 27 tons, and its distinctive features are shuttle mode, hybrid power plant, all-wheel drive and steerability of all axles. At the moment Jupiter 30 is undergoing test tests in the scientific and technical center of the automaker. Pilot operation is schedule...

Noventiq

Softline's major shareholder, Atalaya LLC, completed the acceptance of offers to exchange Noventiq depositary receipts for Softline shares at a ratio of 3 to 1. Over 14 million Noventiq receipts were exchanged under the accepted offers, which amounted to 82% of the company's securities in Russian depositories. As a result, the free float of Softline shares r...

Softline

Softline's major shareholder, Atalaya LLC, completed the acceptance of offers to exchange Noventiq depositary receipts for Softline shares at a ratio of 3 to 1. Over 14 million Noventiq receipts were exchanged under the accepted offers, which amounted to 82% of the company's securities in Russian depositories. As a result, the free float of Softline shares r...

Inter RAO

Inter RAO expects the volume of electricity exports in 2023 at 10.5 billion kWh, down 19.2% from 13 billion kWh a year earlier. Most of the energy exports go to Kazakhstan, where the volume of supplies by the end of the year may reach almost 5 bln kWh. Exports to China dropped significantly due to the energy deficit in the UES of the East.

LSR Group

Andrey Molchanov, the majority owner of LSR, reduced his stake in the company from 65.1% to 55.1%. His son Egor Molchanov, on the contrary, increased his stake in the company from 1% to 11%. Earlier, on June 1, Andrei Molchanov had already transferred 10% in the company to his son. Then on June 9, he increased his stake in the company again from 55.1% to 65....