Nov 13. Transneft's Q307 RAS net profit skyrocketed 93.2% q-o-q.

Finamrus com 13.11.2007 14:37
http://www.finamrus.com/newtopics/news03C88/default.asp

Transneft's Q307 RAS net profit skyrocketed 93.2% q-o-q. As the pipeline monopoly said in its materials, net profit surged primarily thanks to the formation of positive exchange differences in dollar-denominated loans raised to fund the ESPO project, which is attributable to a reduction in the Russian Central Bank's dollar exchange rate against the ruble.

Nov 12. Severstal-controlled Severstal-Resource has reached an agreement on the takeover of Irish mining group Celtic Resources

Finamrus com 12.11.2007 14:27
http://www.finamrus.com/newtopics/news03C75/default.asp

Severstal-controlled Severstal-Resource has reached an agreement on the takeover of Irish mining group Celtic Resources through Centroferve, its subsidiary, Severstal's press service reported Friday. A press release specified that Severstal, which already owns 29.7% of Celtic and managed to make arrangements with Barrick Gold on the acquisition of another 6.6% stake, has raised its takeover bid from 2.70 pounds to 2.80 pounds per share. Furthermore, the Russian structure is prepared to pay 2.90 per share if it succeeds in consolidating more than 80% of Celtic securities. "This will provide Severstal-Resource with the right to launch forced buyout of all remaining Celtic shares from the latter's shareholders in accordance with the Irish Takeover Panel Act" – the press release said.

Nov 9. Gazprom's BoD chairman Alexey Miller held a working meeting with Belarusian Prime Minister Vladimir Semashko in Moscow Thursday

Finamrus com 09.11.2007 14:07
http://www.finamrus.com/newtopics/news03C67/default.asp

Gazprom's BoD chairman Alexey Miller held a working meeting with Belarusian Prime Minister Vladimir Semashko in Moscow Thursday, the gas concern's PR department reported. "During the meeting the parties confirmed their commitment to fulfilling the terms of the agreement on gas supply and transit in 2007-2011 that was signed between Gazprom and Beltransgaz on December 31, 2006" – the press release said. The parties also discussed the Belarusian party's proposal for Gazprom to take part in investment projects executed in Belarus in the power utilities and mineral fertilizer industries.

Nov 7. Shares of oil major Rosneft and real estate development company PIK have been added to the indexes tracked by MSCI Barra.

Finamrus com 07.11.2007 13:01
http://www.finamrus.com/newtopics/news03C46/default.asp

Shares of oil major Rosneft and real estate development company PIK have been added to the indexes tracked by MSCI Barra. As MSCI Barra said in a statement, the rebalanced index will take effect on November 30. Rosneft's weighting in the MSCI EM Index will be 0.63% and 0.34% for PIK. Rosneft has been named among the largest newcomers in the MSCI Emerging Markets along with Brazilian Itausa, South African Remgro, Chinese companies China Merchants Bank and China Coal Energy. Starting November 30 the MSCI World Index will track such companies as ConocoPhillips, Standard Chartered, Colgate-Palmolive and Schering-Plough. Earlier MSCI said Rosneft's shares, Sberbank's prefs and TMK's GDRs will be added to the MSCI Russia Standard Index by May 2008.

Nov 2. Goldman Sachs raises Norilsk Nickel target price 7%, reiterates Hold.

Finamrus com 02.11.2007 17:26
http://www.finamrus.com/newtopics/news03C2B/default.asp

Goldman Sachs has raised its target price for Norilsk Nickel's shares from $252 to $269, GS said in an equity research note. The Hold recommendation on the stock was left unchanged.