One of the largest world trading floors – German Deutsche Boerse (DB) tries to initiate creation of the European platform for securities’ trading of the Russian companies. DB offers the Russian officials to create the incorporated exchange in Germany together with the MICEX (Moscow Interbank Currency Exchange). Suggestion of the German exchange can be accepted under the influence of political factors, experts consider. Creation of such floor can diminish positions of the London stock exchange, where the basic foreign trade in the securities of the Russian companies is concentrated.
Six Wholesale Power Market Generating Company JSC (JSC OGK-6) will hold IPO in 2008
JSC OGK-6 was founded on the order of RAO “UES of Russia” dated March 16, 2005 in accordance with the decision of RAO UES board of directors dated December 24, 2004 and in accordance with the order of the Government of Russian Federation dated September 1, 2003. RAO “UES of Russia”, as the sole founder of JSC OGK-6, paid the stocks of Novocherkassk SDPP OJSC, Kirishi SDPP OJSC, Ryazan SDPP OJSC and Krasnoyarsk SDPP-2 OJSC for the authorized capital.
Russian company Inprom OJSC will hold IPO in 2008
Inprom OJSC was established on February 15, 1996. Equity capital totals RUR 1.397 bln. For many years Inprom OJSC is one of the largest Russian steel service network companies and, according to the national branch ratings of the leading participants of metal market, enters the top three. Through the network of own steel centers the Enterprise annually supplies its consumers with 100 000 tons of rolled steel and pipes from the carbon and alloyed steel grades produced in practically all metallurgical works of the CIS. The Company is listed in the federal register of the Russian Chamber of Commerce and Industry as the Chamber’s Most Reliable Business Partners. In 2006 the Enterprise turnover exceeded RUR 12 bln.
Thursday, January, 24: Stock markets of Russia closed into black
On Thursday, first for the last eight days the Russian stock market closed into black. Moreover, in so considerable that two days of slump on Tuesday and Wednesday were compensated. According to the session results, RTS index grew by 5,15%, up to 1 988,23 points, MICEX index – by 5,80%, up to 1 661,99 points.
Gazprombank plans IPO in 2008
Gazprombank, the joint stock bank of gas industry, is the authorized bank of OAO Gazprom and enters the top five of the largest Russian banks regarding all basic indices. Besides gas industry, Gazprombank currently renders bank services to enterprises and employees of other real sector industries of the economy (chemical industry, engineering, defense and other). The Bank’s clients are about 2 mln citizens, over 36 000 corporate clients, including 1 000 enterprises and organizations of gas industry.
20 stocks of attractive Russian companies to invest in 2008
Forecasts of the 20 most attractive stocks for investments were made before the sad events of plunge of world stock markets that also influenced the Russian stock market. The wave of sales changed much, but markets of the developing countries are still more attractive. Forecasts for the Russian companies remain relevant and their growth will possibly be higher than predicted before. Russia did not suffer directly from a mortgage crisis in the USA; the indirect influence is rendered by deceleration of world economy. Plunge of the Russian stock market was predetermined by external factors. There is no negative within Russia. Some analysts have already hastened to predict good growth in 2008 relying upon such factors as political stability in Russia and high enough oil prices.
Russian Volga-Dnepr, Group of Companies will hold IPO in 2008
Establishment and structural organization of Volga-Dnepr Group of Companies dates back to 2001. Strategic development plan implemented by the Company management resulted in Volga-Dnepr presentation of the new product on the world market – service of global cargo transportations using unique An-124-100 Ruslan aircraft. Today Volga-Dnepr Group of Companies is a customer-oriented, dynamically developing and high-level professional company that possesses the ramified network of offices and subsidiaries all over the world.
Volga Territorial Generation Company (TGC-7) OJSC plans IPO in 2008
Russian power company – Volga Territorial Generation Company (TGC-7) OJSC – was set up on August, 1, 2005 within the frame of project realization of Samara, Saratov, Ulyanovsk and Orenburg power systems restructuring. Main activity of the company is thermal and electric energy is production, electric power sale at the wholesale market, heat supply to domestic and industrial consumers.
Russian company KAMAZ OJSC will hold IPO in 2008
KAMAZ OJSC
Date of offering beginning: 4Q of 2008
Date of offering end: 2008 year
Stock exchange: Russian, abroad (most probably LSE)
Former deputy chairman of VTB Bank board to lead Rostecnology enterprise for IPO
Igor Zavyalov, former deputy chairman of VTB board, will supervise the financial activity of the currently formed Rostecnology public corporation which assets are estimated at $25 bln. As it became known, Sergey Chemezov, public corporation head, offered Rostecnology supervisory board to approve the candidacy of his personal friend for the post of Deputy General Director of the corporation.
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