Gazprom, Nickel

Securities of Russian companies are generally cheaper in London.

On Monday securities of Russian companies show mainly negative dynamics on the London Stock Exchange (LSE), according to the data of the auction.

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Sevkabel to transfer part of the production to the Samara Region.

The cable plant Sevkabel will relocate part of the production from St. Petersburg to the Samara Region, the company informs.

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MMK Norilsk Nickel purchased 38% of shares in Norilskgazprom from Gazprom

​Norilsk Nickel has purchased 38% of shares in Norilskgazprom OJSC from Gazprom having increased its stake in the company’s capital to 94.2%.
MMK Norilsk Nickel OJSC has purchased 38% of shares in Norilskgazprom from Gazprom that makes up 2,846,130 shares, Gazprom’s press service reports. The deal was closed on March 2nd 2015.
Thus the total number of shares belonging to Norilsk Nickel in this enterprise rose to 94.2%.
Gazprom put up for sale 38% of shares in Norilskgazprom in late November 2014. The initial sales price was 1.33 bln roubles. In December Norilsk Nickel sent an offer on the purchase of the package at the price of 468 roubles/paper. Thus the company offered about 133.2 bln roubles for the package.

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Moody’s reconsiders ratings of a number of Russian companies

Moody’s Investors Service confirmed the Baa1 ratings of OJSC “Gazprom” on Tuesday. The company’s rating is higher the sovereign credit rating of the Russian Federation. The ratings of “Gazpromneft” are confirmed at “Baa2” and assigned a negative outlook. Moody’s experts say that strong operational and financial indicators of “Gazprom” and importance of the company for the Russian Government make it possible that its rating is one point higher than the ratings of Russia. The ratings of Rosneft and RIHL has been lowered from Baa1 to Baa2, preserving negative outlook.

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"Surgutneftegas" and NLMK benefit from the weak rouble.

"The revenue for the companies is in dollars, while the majority of their costs are in roubles, so the weak rouble makes the costs in dollar terms less", - the UBS analyst, Konstantin Cherepanov is happy for the raw materials and metallurgical companies. According to Bank of America Merrill Lynch estimates the revenue of the oil companies can grow by almost 5% with the 10% devaluation of the rouble. The effect of a weak rouble is more visible for the metallurgists - this year's change of course will give some of them an additional 12% rouble revenue.
Oil and Gas.
The underrun of the oil and gas industry is due to the fact that rapid devaluation only compensates for the drop in the oil prices. So raw materials of the Brent brand fell by 16.8% to $ 92.19 per barrel since the beginning of the year, the rouble over the same period depreciated against the American currency by 22.5%. In this case, since the beginning of Q3 the oil and the ruble are on a par – the currency fell within that period by 18.2%, and the oil - by 18%.

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Gazprom is driven in offers

It’s becoming more difficult for Gazprom to avoid making offers to the minority shareholders of 72 gas distribution organizations, bought from Rosneftegaz. The monopoly has been faced with claims and has now got an order from the Central Bank’s Financial Market Service to make an offer to Norilskgazprom’s shareholders. Its amount may reach 2.3 billion rubles. The order on one of the gas-distribution organizations won’t be a winning argument in the courts, but it gives grounds to the minority shareholders of other companies to demand  similar decisions from the Financial Market Service, Kommersant writes.

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Russia can abandon copper and nickel export duties from New Year

The Russian Government can abandon copper and nickel export duties in 2014, and to establish some other measures for supporting of the metallurgy companies, Vedomosti writes referring to the project of the protocol of the session with participation of the Premier D. Medvedev on November 25.
Under the document, Mr. Medvedev will order to the Ministries of Economy Development, of Finances and of Industry and Trade to elaborate before December 23 the measures for supporting of the metallurgy companies while the era of worsening of the state of affairs.

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Norilsk Nickel increased its shareholding in Norilskgazprom to 56%

Norilsk Nickel increased its shareholding in Norilskgazprom from 404.8% to 56.17%, to 4,207,203 equal stocks. In the beginning of November, Norilsk Nickel increased its shareholding in Norilskgazprom from 29.39% to 40.48%, to over 3.031 million equal stocks. Enlargement in the shareholding happened at the expense of participation in buyout of additional issue of Norilskgazprom stocks. The raised funds will be allocated to development of the projects of the gas company.

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