Federal Antimonopoly Service

VEON Announces Russian Regulatory Approval for Sale of Its Operations

Retrieved on: 
Wednesday, February 8, 2023

Amsterdam, Netherlands, 8 February 2023 08:00 CET – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that approval has been received from Russian regulatory bodies for the proposed sale of its Russian operations.

Key Points: 
  • Amsterdam, Netherlands, 8 February 2023 08:00 CET – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that approval has been received from Russian regulatory bodies for the proposed sale of its Russian operations.
  • Kaan Terzioğlu, CEO of VEON Group, said: “We believe the sale of our Russian business represents the optimal solution for VEON, its Russian operations, and all stakeholders, including customers, shareholders, creditors, and employees both in and outside of Russia.
  • We are pleased to have reached this significant milestone in the transaction, which is expected to be accretive to equity, reduce VEON's debt, and improve its credit profile.”
    On February 7th, 2023, the Sub-Commission of the Government Commission for Control over Foreign Investments in the Russian Federation issued its approval of the proposed sale of VEON’s Russian operations to certain senior members of the management of PJSC VimpelCom, led by its current CEO Alexander Torbakhov, subject to certain conditions.
  • The Russian Federal Antimonopoly Service has already authorized the transaction, and it is anticipated that the remaining closing conditions will be satisfied and that, as previously communicated, the transaction will complete on or before 1 June 2023.

Arconic Completes Sale of Russian Operations

Retrieved on: 
Tuesday, November 15, 2022

Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today that the Company completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million.

Key Points: 
  • Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today that the Company completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million.
  • The transaction closed after Arconic received all required approvals, resulting in the receipt of $230 million of cash consideration for all of the Companys Russian assets.
  • Tim Myers, Chief Executive Officer, said, The assets of our Russian business have been restricted since prior to our emergence as a standalone company in April 2020.
  • I want to thank the remarkable team at our Russian operations that kept the facility running well through these most difficult circumstances.

EQS-News: Yandex announces completion of News and Zen divestment and acquisition of Delivery Club

Retrieved on: 
Monday, September 12, 2022

Moscow, Amsterdam, September 12, 2022 Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has completed the sale of the news aggregation platform and Zen infotainment service to VK, as well as the acquisition of 100% of the food delivery service Delivery Club.

Key Points: 
  • Moscow, Amsterdam, September 12, 2022 Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has completed the sale of the news aggregation platform and Zen infotainment service to VK, as well as the acquisition of 100% of the food delivery service Delivery Club.
  • The transaction has received approval from the Federal Antimonopoly Service.
  • Delivery Club will become a part of Yandexs E-commerce, Mobility and Delivery segment and, as of today, will be consolidated in the groups financial results.
  • Yandex (NASDAQ and MOEX: YNDX) is a technology company registered in the Netherlands that builds intelligent products and services powered by machine learning.

Arconic to Pursue Sale of Russian Operations

Retrieved on: 
Thursday, May 19, 2022

Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today that the Company will be pursuing the sale of its Russian operations.

Key Points: 
  • Arconic Corporation (NYSE: ARNC) (Arconic or the Company) announced today that the Company will be pursuing the sale of its Russian operations.
  • The Company undertook a thoughtful review of strategic alternatives given the limitations imposed on our operations by the Russian government and as a result of the ongoing legal dispute with the Russian Federal Anti-Monopoly Service.
  • Following this review, the Company has determined, with the support of the Board of Directors, to pursue a sale of the facility in Samara, Russia in strict compliance with all applicable laws.
  • Arconic disclaims any intention or obligation to update publicly any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by applicable law.

PAO Severstal: Severstal closes the agreement of disposal of Vorkutaugol to Russkaya Energiya

Retrieved on: 
Friday, April 29, 2022

April, 29, 2022 - PAO Severstal announces that it has completed the sale of its coking coal assests, AO Vorkutaugol ("Vorkutaugol"), to OOO Russkaya Energiya.

Key Points: 
  • April, 29, 2022 - PAO Severstal announces that it has completed the sale of its coking coal assests, AO Vorkutaugol ("Vorkutaugol"), to OOO Russkaya Energiya.
  • At the same time, Severstal confirms that the company will remain a key consumer of Vorkutaugol coking coals.
  • The terms of the agreement with the buyer include a long-term offtake contract guaranteeing Severstal's supply of raw material.
  • Vorkutaugol operates in the Pechora coal basin, which is a large raw material base for the metallurgical, coke-chemical and energy industries.

PJSC Magnitogorsk Iron and Steel Works: MMK announces its position regarding the decision of the Russian Federal Antimonopoly Service

Retrieved on: 
Tuesday, February 15, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK announces its position regarding the decision of the Russian Federal Antimonopoly Service

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK announces its position regarding the decision of the Russian Federal Antimonopoly Service
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK), one of the world's largest steel producers, announces its position regarding the decision of the Russian Federal Antimonopoly Service in the anti-trust violation case.
  • In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

EQS-News: Yandex Announces Settlement of Anti-Monopoly Claims

Retrieved on: 
Wednesday, January 19, 2022

The claim related to allegations of abuse of market dominance by Yandex in connection with the placement of enriched search results.

Key Points: 
  • The claim related to allegations of abuse of market dominance by Yandex in connection with the placement of enriched search results.
  • The settlement agreement confirms that Yandex has complied with all requirements of the warning, terminates the case without any fines, and sets forth certain additional obligations of Yandex to support competition.
  • Yandex will contribute RUB 1.5 billion to the Fund to support this program as part of the settlement.
  • Yandex, which has over 30 offices worldwide, has been listed on NASDAQ since 2011 and on Moscow Exchange since 2014.

PAO Severstal: Severstal agrees to sell Vorkutaugol to Russkaya Energiya

Retrieved on: 
Thursday, December 2, 2021

December 2, 2021, Moscow - PAO Severstal ("Severstal", "The Group"), one of the world's largest vertically integrated steel and mining companies, announces that it has signed a binding agreement with OOO Russkaya Energiya to sell its coking coal assets, AO Vorkutaugol ("Vorkutaugol").

Key Points: 
  • December 2, 2021, Moscow - PAO Severstal ("Severstal", "The Group"), one of the world's largest vertically integrated steel and mining companies, announces that it has signed a binding agreement with OOO Russkaya Energiya to sell its coking coal assets, AO Vorkutaugol ("Vorkutaugol").
  • Reducing our consumption of coking coal through the use of the latest technologies is part of our ambitious decarbonisation programme.
  • At the same time, we understand that in the medium-term, coal will remain an integral component of steel production.
  • Over many years, the Vorkutaugol team has become an important part of the Severstal family, and we are confident that the company's fate is in good hands.

VTB Group announces intention to sell its stake in Magnit

Retrieved on: 
Monday, November 22, 2021

VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").

Key Points: 
  • VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").
  • VTB Group has agreed to sell 12.13% of ordinary shares of PJSC "Magnit" to Marathon Group in the Private Sale.
  • As a result of the Transaction VTB Group intends to fully divest its stake in PJSC "Magnit".
  • Such information is not the responsibility of VTB Capital plc, VTB Bank (PJSC), LLC "VTB Infrastructure Investments" or Marathon Group and has not been independently verified by VTB Capital plc, VTB Bank (PJSC), LLC "VTB Infrastructure Investments" or Marathon Group.

Correction: VTB Group announces intention to sell its stake in Magnit

Retrieved on: 
Monday, November 22, 2021

VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").

Key Points: 
  • VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").
  • VTB Group has agreed to sell 12.88% of ordinary shares of PJSC "Magnit" to Marathon Group in the Private Sale.
  • As a result of the Transaction VTB Group intends to fully divest its stake in PJSC "Magnit".
  • Following the acquisition of 12.88% stake in PJSC "Magnit" Marathon Group will increase its stake in the Company to 29.75%, becoming the largest shareholder of Magnit.