12:57Acron unveils floatation price range: USD 120-150 per share
Thanks to a moderate price range, the shares will most likely be floated close to the upper limit of this range, which should lend support to Acron’s current stock valuations.
10:56OGK-2 to get new managers
The urgent formation of a new managerial team for OGK-2, following the withdrawal of practically all its previous top managers, reduces the risk the company will become unmanageable and sends a positive signal to the market.
10:53ÌÌÊ to complete plant in St. Petersburg ahead of schedule
The Magnitogorsk Iron & Steel Works (ÌÌÊ) plans to complete its St. Petersburg metallurgical plant ahead of schedule. We view the news as positive for the company’s fundamental attractiveness, given that the company is energetically implementing its investment projects aimed at building production capacity rather than taking over existing companies.
10:51MTS faces tax claims
We are relatively neutral on the new back-tax claims against MTS: on the one hand, additional tax charges have become a common practice in the telecommunications market; on the other hand, their size is relatively insignificant for the company.
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