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The Finanzoo GmbH assumes no liability for the accuracy of the information! All information is provided without warranty. Sources:: www.bundesanzeiger.de, www.sec.gov,


NEWS


Russian carmaker Sollers to buy out Mazda's stake in Vladivostok plant

2022-11-10
MOSCOW (Reuters) -Russian carmaker Sollers will buy out Japanese auto maker Mazda's 50% stake in their joint venture car assembly plant in Vladivostok, Sollers said on Thursday. In a results statement on Thursday, Mazda said the deal would be worth one euro, bring it the right to buy the asset back for the same amount within three years. Mazda, which took 1.8% of the Russian car market last year, said in March it would stop supplying parts to the plant and production would eventually cease, as it joined some Western manufacturers leaving Russia over its actions in Ukraine.

Rosneft says BP should return to Russia, promises dividend

2022-11-01
Russian energy giant Rosneft said on Tuesday that international major BP should rethink its decision to leave Russia and return to its operations in the country, promising more dividend pay-outs. Rosneft's Chief Executive Officer Igor Sechin said last week that BP is entitled to $700 million in second-half 2021 dividends, which Rosneft transferred into special "C" accounts in Russia, while BP remained Rosneft's "shadow" shareholder. Many Western companies, including oil majors, have left Russia since Moscow sent its armed forces into Ukraine on Feb. 24.

15 Biggest Gas Companies in the World

2022-11-01
In this piece, we will take a look at the fifteen biggest gas companies in the world. If you want to jump ahead to the top five companies in this list, then take a look at 5 Biggest Gas Companies in the World. The Gas Industry: An Analysis The ongoing crisis in Ukraine and the […]

UPDATE 3-Russia's Sechin says Taiwan will return to China 'on schedule'

2022-10-27
Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time. Sechin said that decisions taken by the 20th Communist Party Congress, which cemented Xi Jinping position as the most powerful Chinese leader since Mao Zedong, would provide for a new level of development for the country.

Ford to exit Russia after joint venture stake sale

2022-10-26
(Reuters) -Ford Motor Co said on Wednesday it would exit Russia, the latest automaker to leave in the aftermath of Russia's invasion of Ukraine. Mercedes-Benz also on Wednesday said it would withdraw from the Russian market and sell shares in its industrial and financial services subsidiaries to a local investor. Ford said it has finalized a deal to sell its 49% stake in the Russia-based Sollers Ford joint venture for a "nominal" undisclosed price.

Russia's Sistema buys $256 million stake in Melon Fashion Group after scrapped IPO

2022-10-19
MOSCOW (Reuters) -Russian telecoms-to-healthcare conglomerate Sistema agreed a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet scrapped plans for an initial public offering (IPO) due to the conflict in Ukraine. Based in St. Petersburg on a site that housed a sewing factory in Soviet times, Melon owns four mainly women's fashion brands - Zarina, Befree, Love Republic and Sela - and had 846 stores across Russia, Armenia, Kazakhstan and Belarus at the end of 2021. Plans for an IPO sometime this year were shelved after Russia launched what it calls its "special military operation" in Ukraine.

Rosneft Moves Into Tanker Charter Business As EU Ban Draws Closer

2022-10-18
With the European Union set to enact a price cap for Russian oil exports via maritime transport, Russia’s biggest oil exporter, Rosneft, has expanded its tanker chartering business to ease oil shipments for buyers

Rosneft moves into tanker chartering as EU ban looms

2022-10-17
MOSCOW/NEW DELHI (Reuters) -Russia's biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said. Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell its oil at the port of loading, meaning the buyer would have to find tankers and handle freight and insurance costs for the voyage. But with new, tighter Western sanctions looming, Rosneft's customers are asking the company to handle delivery to the final destination by assuming costs of insurance and freight, the three sources familiar with the matter said.

Russian oil giant Rosneft sues German government after it seizes assets

2022-10-14
Russian oil giant Rosneft has sued the German government for seizing its assets in response to the war in Ukraine.

German economy ministry acknowledges Rosneft lawsuit against Berlin

2022-10-14
Germany's economy ministry on Friday said that it had taken note of a lawsuit by Russian state energy giant Rosneft against the government for taking control of its German unit but had not yet received any documents related to it. Rosneft argued that Berlin's move last month was unjustified given that the firm had always upheld its oil delivery commitments, newspaper Handelsblatt reported, citing the law firm hired by Rosneft, Malmendier Legal.