Apr
27
Russian Stock Daily review - April 25, 2008
Filed Under Trader’s view |
For four day in a row Russian market has been failing, still backed by the negative environment. This Thursday however, the drop proved the lowest since the week’s beginning. RTS movement vector was looking down since the very morning. The sale of Norilsk Nickel’s blocking shares to RusAL only fueled the ongoing fire. Norilsk Nickel minor holders were negative to the news, remembering Deripaska’s tough business character, which is not likely to take their interests into account first. As a result – the quotes of nickel company lost over 5%.
Main Stock events
RusAl got Norilsk Nickel’s blocking shares.
RusAL United Company has completed a deal on purchase of 25% plus one share of Norilsk Nickel from Oneksim group of Mikhail Prokhorov, paying 14% of RusAL shares and an undisclosed cash sum, says the report by UC RusAL nominated four candidates to enter Norilsk Nickel board of directors – Victor Vekselberg, Oleg Deripaska, Alexander Bulgin and Tay Berth – as independent director, gaining “Oneksim’s representative office in RusAL board” in exchange.
Oil export duty to up to 397 USD per ton.
Oil export duty is set to rise by +56.9 USD per ton and will form 397 USD per ton, the change will take force on June 1st 2008, told vice head of customs payments department of RF’s ministry of finance – Alexander Sakovich to Interfax-AFI.
Other Stock news
LUKOIL to boost dividends.
UES sold Samarenergo and Ulyanovskenergo.
Rostelecom: expected dividends.
Severstal-Avto shares the profit.
Russian Stock Daily review - April 25, 2008 (PDF)
Comments
Leave a Reply
You must be logged in to post a comment.