Finance

Igor Zyuzin keeps his shareholding

Mechel has published at the site of The United States Securities and Exchange Commission (SEC) the documents under which the majority owner and the chairman of the board of directors I. Zyuzin still holds 67.42% in Mechel. He controls the shareholding both directly and indirectly, via the Cypriot offshores entities Calridge, Bellasis and Armolink.

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Transneft to pay dividends for 2013 in the amount of 7.901 billion rubles

Transneft’s shareholders have approved the dividends for 2013 in the amount of 7.901 billion rubles, the company reports.
6.775 billion rubles will be allocated for the payment of dividends on ordinary shares at the rate of 1221.38 rubles per share, and 1.126 billion rubles for payment on preferred shares at the rate of 724.21 rubles per share.
The shareholders approved the annual report and the annual financial statements, including the income statement based on performance of the activity in 2013, elected a new Board of Directors of 7 persons and approved KPMG as the auditor.

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Ministry of Finance includes 100 billion rubles from privatization of 19.5% of Rosneft in the budget-2015

In 2015, the Ministry of Finance expects to receive 100 billion rubles of dividends from Rosneftegaz on the results of the sale of Rosneft’s shares that belong to the state-owned holding company. This is much less than previously thought assessments of the budget’s revenues fromthe privatization of the largest oil company.
On Monday, the Finance Minister, Anton Siluanov said that in 2015 the Ministry expected to receive 423.5 billion rubles from the sale of 19.5% of Rosneft. The same amount figures in the current law on the budget for 2014-2016 years – according to it, the transaction should be concluded in 2016. But in May it became known that the Government was discussing its acceleration and the deal was possible in late 2014 - early 2015.

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Surgutneftegaz announces incresed dividends

On June 27th, shareholders of Surgutneftegaz approved dividends for the past year in the amount of 0.6 rubles per ordinary share and 2.36 rubles per preferred share.
In general, the company plans to pay almost 40 billion rubles, this is the largest sum of dividends in the company’s history. The previous record was set two years ago, when the payments for 2011 were made

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Rosneft to borrow 250 billion rubles at interest from its subsidiary

Rosneft’s shareholders have decided to approve attraction of an interest bearing loan from its subsidiary RN Holding in the amount of up to 250 billion rubles for a five-year period.
This information is contained in the company’s report on results of the annual shareholders meeting, which took place in Khabarovsk on June 27th. Taking into account the accrued interest the amount of the transaction will reach 337.5 billion rubles.

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In 2013, Gazprom doubled investment to its oil business

In 2013, Gazprom Neft increased investment to oil and gas condensate production by more than 2 times to 189 billion rubles, the chief of Gazprom, A. Miller said at the annual shareholders session on June 27th. Total oil production was 50.6 million tons, taking into account the shares in the dependent companies.

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Investments into Gazprom’s oil business double

In 2013, Gazpromneft increased its investments into the production of oil and gas condensate more than two times to 189 billion rubles, the head of Gazprom Alexei Miller reported, spoken at the annual general meeting of shareholders of the holding company on June 27th. The total volume of the oil production (including its shares in dependent companies) made up 50.6 million tons in 2013. At the same time, Gazpromneft actively introduces advanced technologies. In particular, Alexei Miller emphasized, the share of high-tech wells in the total volume of drilling increased from 4% to 35% over the past three years. Due to use of new technologies Gazpromneft involved 22 million tons of difficult reserves into development. The Gazprom’s head also noted growth of beneficial use of associated petroleum gas and increase in crude oil processing depth.

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Chelyabinsk Zinc Plant will invest net profit to development

Under the results of the annual shareholders session, Chelyabinsk Zinc Plant (ChCZ) will invest 65 million rubles to internal development. Last week ChCZ held the annual session of the shareholders and their representatives holding up to 93.6% of common number of the voting stocks of the company. The CEO of ChCZ R. Shakiryanov granted to the shareholders the financial report for 2013.
The financial report of ChCZ for 2013 published in April 2014

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Rosneft will allocate over 136 billion rubles to dividends payment for 2013

Rosneft will allocate 136.1866 billion rubles into dividends payment for 2013, or 12.85 rubles per stock, under the decision agreed at the annual shareholders session held in Khabarovsk. They also agreed at the session the annual and the accounting reports, and the net profit distribution. The agreed sum of the dividends is 25% of net profit by ISA

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TMK may place about 6% of its shares for $140-150 million

On Friday, the TMK’s Board of Directors decided to hold an additional issue of 56 million shares and then to place this package as a public offering, the company reported. "This won’t be a SPO in the normal sense, this will be just a modest placement on market without road-shows and the attraction of banks," - deputy director of TMK, Vladimir Shmatovich said in a conference call with investors. "We plan to place the securities in Russia mainly among Russian investors," - he added. It will be a really small deal. If the whole package is placed, the share capital will increase by 6%.
TMK expects to spend the proceeds for current projects and new plans. In addition, a part of the money can be used for debt reduction, said Shmatovich

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