Polyus Gold, Rosneft, Uralkali, VTB: Russia Equity Preview
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aRnicBlasxnc
By Scott Rose
Feb. 4 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.
The 30-stock Micex Index fell 0.9 percent to 1,749.78. The dollar-denominated RTS Index declined 0.7 percent to 1,917.07.
OAO Polyus Gold (PLZL RX): Gold rose as much as 1.9 percent in New York spot trading to $1,355.93 an ounce after trading closed in Moscow. Russia’s largest gold producer declined 1.6 percent to 1,726.49 rubles.
OAO Rosneft (ROSN RX): Russia’s largest oil producer is scheduled to release its 2010 financial results today. Rosneft fell 2.1 percent to 252.83 rubles.
OAO Uralkali (URKA RX): Shareholders in Russia’s largest potash producer by market value will meet today to consider a merger with OAO Silvinit, another Russian potash producer, after an arbitration court dismissed an effort by a Silvinit shareholder to block the meeting. Uralkali declined 1 percent to 228.95 rubles.
VTB Group (VTBR RX): Russia’s second-largest lender will begin a road show on Feb. 7 in Europe and the United States and may offer investors a 10 percent stake, depending on demand, Interfax reported yesterday, citing a source familiar with the matter. VTB slid 0.7 percent to 10.22 kopeks.
To contact the reporter on this story: Scott Rose in London at rrose10@bloomberg.net.
To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net.
Last Updated: February 3, 2011 22:00 EST
Russia’s stainless steel imports up seven percent in Dec over Nov
http://www.steelorbis.com/steel-news/latest-news/russias-stainless-steel-imports-up-seven-percent-in-dec-over-nov-581246.htm
Friday, 04 February 2011 10:12:06 (GMT+2)
According to the data issued by the Russian Special Steel and Alloys Consumers and Suppliers Association (Spetsstal), in December last year Russia's imports of the main stainless steel products increased by seven percent compared to November, amounting to 19,323 mt.
Of total Russian stainless steel product imports in December 2010, 65.7 percent was accounted for by flats, 13.7 percent was accounted for by longs, 8.4 percent consisted of seamless pipes, 7.3 percent was made up of electric-welded pipes, 2.8 percent was accounted for by wire, while billets accounted for two percent.
Timchenko buys Murmansk port for $250 mln-sources
http://af.reuters.com/article/energyOilNews/idAFLDE7100RP20110204
Fri Feb 4, 2011 7:58am GMT
MOSCOW/ST PETERSBURG, Russia Feb 4 (Reuters) - Influential trader Gennady Timchenko has acquired Murmansk Commercial Sea Port for $250 million, extending his interests in Russian energy exports, industry sources told Reuters on Friday.
"The deal is expected to be closed in the first quarter," one of the sources said.
A Timchenko spokesman declined to comment.
Murmansk, on the Barents Sea, is Russia's leading coal export terminal. It has a monthly capacity of around 1 million tonnes, and it sends the bulk of its shipments to European destinations.
Russia's SUEK is the major supplier to the port, followed by Italy's Coeclerici and Russian firm Mechel (MTL.N).
(Reporting by Denis Pinchuk and Vladimir Soldatkin; editing by Toni Vorobyova)
Russia VTB to start share sale roadshow Mon –paper
http://in.reuters.com/article/2011/02/04/russia-vtb-idINLDE71304720110204
MOSCOW | Fri Feb 4, 2011 11:51am IST
MOSCOW Feb 4 (Reuters) - Russia's VTB (VTBR.MM) is set to start a roadshow in the United States and Europe on Monday -- a week earlier than expected -- to prepare for the possible sale of the government's 10 percent stake, Kommersant reported. Russia's second biggest lender is at selling a 10 percent state-owned stake via a secondary share placement rather than through a direct disposal to a TPG-led [TPG.UL] consortium, sources told Reuters last week. [ID:nLDE70U2JP] The Kremlin's top economic adviser Arkady Dvorkovich told Reuters Insider on Thursday that public offerings would likely be more successful than private sales as Russia embarks on a $33 billion 3-year privatisation drive. [ID:nLDE7120SA] A source close to VTB's shareholders told Kommersant that the bank would start its roadshow on Monday, with the placement potentially completed by the end of February. VTB declined to comment when contacted by the business daily.
The government is looking to reduce its stake in VTB to 50 percent plus one share over the next three years, from the current 85.5 percent. Up to 20 percent could be sold this year, Finance Minister Alexei Kudrin has said. [ID:nLDE7111LM] (Writing by Toni Vorobyova; Editing by Mike Nesbit)
VTB Plans Roadshow on Feb. 7 to Sell 10% Stake, Kommersant Says
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=agLC3fhggRJ4
By Ilya Khrennikov
Feb. 4 (Bloomberg) -- VTB Group, Russia’s second-largest lender, will start a roadshow on Feb. 7 to promote the sale 10 percent of its shares in a public offering, Kommersant reported, citing unidentified people close to the bank’s shareholders.
VTB was earlier considering selling the stake, now owned by the Russian government, in a private placement to a pool of investors led by TPG Capital, the Moscow-based newspaper said.
To contact the reporters on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net.
To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.
Last Updated: February 4, 2011 00:37 EST
UPDATE 1-Russia's KOKS delays IPO due to market conditions
http://af.reuters.com/article/energyOilNews/idAFLDE7110P920110204
Fri Feb 4, 2011 7:33am GMT
* Coking coal producer postpones $520 million listing
* Was due to be first of four Russian firms to float in Feb
LONDON, Feb 4 (Reuters) - Russian coking coal and pig iron producer KOKS postponed its $520 million London and Moscow listing on Friday, citing market conditions.
The company confirmed its plans to delay the listing just moments after a source told Reuters the initial public offering would not go ahead as planned. [ID:nWLA4534]
The Siberia-based company, which was due to be the first of four Russian firms to complete a listing in early February, had offered its shares at between $6.25 and $8. KOKS is owned by resources tycoon Boris Zubitskiy and his two sons, who the company had said would keep all the proceeds from the sale of their shares in the IPO, while money raised from the sale of treasury shares would be invested in the firm.
The company had planned to list ordinary shares in Moscow and secondary global depository receipts (GDRs) in London. Citi, UBS and VTB Capital were joint bookrunners for the offering. (Reporting by Kylie MacLellan and Olga Popova; Editing by Mike Nesbit)
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