RUB

ROSNEFT OIL COMPANY: Rosneft became the only Russian O&G company announced as Global Compact LEAD

Monday, September 20, 2021 - 12:13pm

Rosneft became the only Russian oil and gas company announced as Global Compact LEAD in the area of sustainable development due to ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business.

Key Points: 
  • Rosneft became the only Russian oil and gas company announced as Global Compact LEAD in the area of sustainable development due to ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business.
  • In 2021, only 37 companies, out of which four companies belong to the oil and gas business, were assigned the Global Compact LEAD status.
  • Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, said, "LEAD companies represent the highest level of engagement with the UN Global Compact.
  • Rosneft Oil Company is the leader of the Russian Oil Industry and the world's largest public energy company in terms of hydrocarbon production.

Sistema PJSFC: Sistema to divest Sistema Capital LLC

Thursday, September 16, 2021 - 6:05pm

Sistema PJSFC ("Sistema" or the "Company") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its wholly-owned subsidiaries Sistema Finance JSC and Sistema Telecom Assets LLC have signed binding agreements to divest a 70% stake in Sistema Capital LLC ("Sistema Capital") to Mobile TeleSystems B.V., a subsidiary of PJSC MTS ("MTS"), the leading digital, media and telecommunications services provider in Russia, for RUB 3.5 billion.

Key Points: 
  • Sistema PJSFC ("Sistema" or the "Company") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its wholly-owned subsidiaries Sistema Finance JSC and Sistema Telecom Assets LLC have signed binding agreements to divest a 70% stake in Sistema Capital LLC ("Sistema Capital") to Mobile TeleSystems B.V., a subsidiary of PJSC MTS ("MTS"), the leading digital, media and telecommunications services provider in Russia, for RUB 3.5 billion.
  • As a result of the transaction, which is expected to complete in the near future, the stake owned by MTS in Sistema Capital will increase from 30% to 100%.
  • Sistema Capital has significantly grown its assets under management (AuM), which increased more than eightfold over the past five years to RUB 184 billion.
  • Sistema Capital Management Company is a professional member of the securities market that has been providing asset management services for individual and corporate customers since 2001.

QIWI Completes the Sale of its stake in Tochka Project

Thursday, September 16, 2021 - 12:00pm

NICOSIA, Cyprus, Sept. 16, 2021 (GLOBE NEWSWIRE) -- QIWI plc (NASDAQ: QIWI) (MOEX: QIWI) ("QIWI" or the "Company"), a leading provider of next generation payment and financial services in Russia and the CIS, today announced that it has completed the sale of its stake in JSC Tochka (Tochka) to Bank Otkritie Financial Corporation PJSC (Otkritie Bank).

Key Points: 
  • NICOSIA, Cyprus, Sept. 16, 2021 (GLOBE NEWSWIRE) -- QIWI plc (NASDAQ: QIWI) (MOEX: QIWI) ("QIWI" or the "Company"), a leading provider of next generation payment and financial services in Russia and the CIS, today announced that it has completed the sale of its stake in JSC Tochka (Tochka) to Bank Otkritie Financial Corporation PJSC (Otkritie Bank).
  • QIWI sold its 40% stake in the capital of Tochka for RUB 4.95 billion.
  • Under the terms of sale certain performance adjustments may occur in 2Q 2022 depending on Tochkas FY 2021 audited results.
  • The total amount of investment that QIWI made into the Tochka project equals to RUB 2.1 billion.

Sistema PJSFC: Announcement on the acquisition of Nearmedic Group

Wednesday, September 15, 2021 - 6:25pm

15 September 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS) announces that JSC New Investment Holdingi ("the Buyer") has acquired Nearmedic International Limited, the 100% shareholder of LLC Nearmedic Plus, LLC Nearmedic Pharma, and several other pharmaceutical, biotech, and healthcare businesses in Russia and Italy ("Nearmedic Group" or "Nearmedic") for 1 rouble ("the Transaction").

Key Points: 
  • 15 September 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates, the "Group") (LSE: SSA, MOEX: AFKS) announces that JSC New Investment Holdingi ("the Buyer") has acquired Nearmedic International Limited, the 100% shareholder of LLC Nearmedic Plus, LLC Nearmedic Pharma, and several other pharmaceutical, biotech, and healthcare businesses in Russia and Italy ("Nearmedic Group" or "Nearmedic") for 1 rouble ("the Transaction").
  • "Nearmedic Group has growth potential that can be unlocked through restructuring and improvements in efficiency, areas precisely where Sistema has robust, proven expertise.
  • We also have a strong track record in pharmaceuticals, healthcare and biotech, all of which are key business lines for Nearmedic.
  • We will shortly begin implementing a turnaround plan for Nearmedic Group focused on boosting the value of the company's assets and expanding production capacities," said Sistema President Vladimir Chirakhov.

OJSC PhosAgro: PhosAgro Announces Results of Extraordinary General Meeting of Shareholders

Tuesday, September 14, 2021 - 6:10pm

Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces the results of an Extraordinary General Meeting of Shareholders ("EGM") held on 13 September 2021.

Key Points: 
  • Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces the results of an Extraordinary General Meeting of Shareholders ("EGM") held on 13 September 2021.
  • The Board meeting noted the Company's strong results in the first half of 2021.
  • Fertilizer production increased by 0.7% year-on-year to 5.1 million tonnes, and fertilizer sales remained at record high levels for PhosAgro.
  • PhosAgro continues to implement its Development Strategy to 2025, which includes construction of a state-of-the-art industrial facility for the production of mineral fertilizers in Volkhov.

TCS Finance D.A.C. prices U.S.$600 million loan participation notes issuance

Tuesday, September 14, 2021 - 9:07am

The Group's key business is Tinkoff Bank, a fully online bank that serves over 16 mn customers and forms the core of the Tinkoff ecosystem.

Key Points: 
  • The Group's key business is Tinkoff Bank, a fully online bank that serves over 16 mn customers and forms the core of the Tinkoff ecosystem.
  • Tinkoff Bank is the second largest player in the Russian credit card market, with a share of 14.3%.
  • The 2Q'21 IFRS net profit of TCS Group Holding PLC amounted to RUB 16.1 bn.
  • Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing.

PJSC Magnitogorsk Iron and Steel Works: MMK announces the EGM results

Tuesday, September 14, 2021 - 8:01am

PJSC Magnitogorsk Iron and Steel Works: MMK announces the EGM results

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK announces the EGM results
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that the Extraordinary General Meeting of Shareholders ("the EGM") was held in absentia on 10 September 2021.
  • In 2020, MMK produced 11.6 mln tonnes of crude steel and sold 10.8 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

Acron Group Optimizes Savings With Qlik

Monday, September 13, 2021 - 3:12pm

MOSCOW, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Qlik today announced that Acron Group, one of the leading global manufacturers of mineral fertilizers, has turned to Qlik to support its comprehensive digital transformation program.

Key Points: 
  • MOSCOW, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Qlik today announced that Acron Group, one of the leading global manufacturers of mineral fertilizers, has turned to Qlik to support its comprehensive digital transformation program.
  • Qlik will support Acrons IT infrastructure team to help the entire organization drive better efficiencies and cost savings through the use of data.
  • Acron Group successfully uses Qlik to analyse data on warehouse, finance, procurement, production faults, key resources management and IT.
  • One of the significant steps for Acron Group using Qlik was implementing the digital power control panel at one of the Groups facilities in Veliky Novgorod.

VTB Bank announces RAS financial results (standalone) for August and 8M 2021

Wednesday, September 8, 2021 - 4:09pm

VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for August and eight months of 2021.

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for August and eight months of 2021.
  • Net profit was RUB 179.4 billion in 8M 2021, including RUB 25.1 billion in August 2021, 3.4 times and 93 times up year-on-year, respectively.
  • Provision charge amounted to RUB 71.9 billion in 8M 2021 (down 54.1% year-on-year) and RUB 1.2 billion for August 2021 (down 93.8% year-on-year).
  • The reported financial indicators are preliminary; hence, they can be supplemented and changed in the process of preparation of publishable financial reports of VTB Bank.

Correction: TCS Group Holding PLC: PDMR Transactions in GDRs

Tuesday, September 7, 2021 - 2:20pm

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Key Points: 
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    TCS Group Holding PLC is an innovative provider of online retail and SME financial services.
  • The Group is currently developing Tinkoff ecosystem, which offers financial and lifestyle services.
  • The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.
  • The 2Q'21 IFRS net profit of TCS Group Holding PLC amounted to RUB 16.1 bn.