Nov 13. VSMPO-Avisma Corporation, which is based in the Perm region and commands a third of the global titanium market, has acquired a 20% stake in Ka

Finamrus com 13.11.2007 14:32
http://www.finamrus.com/newtopics/news03C83/default.asp

VSMPO-Avisma Corporation, which is based in the Perm region and commands a third of the global titanium market, has acquired a 20% stake in Kamskaya Mining Company, a joint venture set up by Silvinit and Oboronimpex (an Oboronexport structure) that is engaged in extracting natural carnallite, a representative of the corporation's PR department told RIA Novosti. "Carnallite is the most important component for magnesium output. Thus, the purchase of a stake in Kamskaya Mining Company will enable VSMPO-Avisma to boost production of magnesium it needs to turn out titanium sponge" – the news agency reported. The corporation's spokesman declined to disclose the transaction price.

Nov 12. Sberbank has reapplied to the National Bank of Ukraine (NBU)

Finamrus com 12.11.2007 14:25
http://www.finamrus.com/newtopics/news03C73/default.asp

Sberbank has reapplied to the National Bank of Ukraine (NBU) seeking permission to acquire Ukrainian bank NRB (Kyiv), the Ukrainian bank's executive board chairman Vladislav Kravets told Interfax-Ukraine. "On November 6 Sberbank reapplied to NBU seeking authorization to take over NRB. A relevant decision could be taken within 30 days" – the banker said. As the media wired earlier, in late September NBU refused to allow Sberbank to buy the bank, as the package of documents did not meet the requirements of Ukrainian laws. Before this, Sberbank obtained authorization from the Bank of Russia to purchase 100% of the Ukrainian bank's charter capital. Sberbank intends to take over NBR for $150 mln.

Nov 9. Gazprom and British oil major BP are discussing TNK-BP's future

Finamrus com 09.11.2007 14:03
http://www.finamrus.com/newtopics/news03C63/default.asp

Gazprom and British oil major BP are discussing TNK-BP's future after a moratorium on the sale of TNK-BP stocks expires, a source familiar with the situation told the Petroleum Information Agency (PIA). TNK-BP spokesmen declined to comment, noting they are not entitled to make comments on the topic, as at issue are the shareholders and their decisions. Representatives of TNK-BP shareholders also declined to comment. Meanwhile, TNK-BP CEO Robert Dudley numerously voiced his confidence that the company's shareholding structure will not undergo any changes in the near future. He emphasized that the company's executives did not address this problem.

Nov 7. Gazprom and Gasunie signed Tuesday an agreement

Finamrus com 07.11.2007 13:07
http://www.finamrus.com/newtopics/news03C4C/default.asp

Gazprom and Gasunie signed Tuesday an agreement that provides for assigning to the Dutch concern a 9% working interest in the Nord Stream gas pipeline. As Gazprom CEO Alexey Miller told the media after the signing ceremony, Gasunie will get a 4.5% stake in the project from each German partner. Miller emphasized that Gazprom, in turn, will obtain a 9% working interest in BBL, a project to build a sea gas pipeline from the Netherlands to the UK.

Nov 2. Tinkov's bank has floated 40% of the debut bond issue at the start of the second week of placement.

Finamrus com 02.11.2007 13:09
http://www.finamrus.com/newtopics/news03C26/default.asp

Tinkov's bank has floated 40% of the debut bond issue at the start of the second week of placement. As of November 1, 2007 Bank Tinkoff Credit Systems (TCS Bank) sold 1-series bond on MICEX Stock Exchange for Rub 600 mln, head of the fixed-income instruments sales department at Deutsche Bank Vadim Martynenko told Interfax-AFI. For the record, Deutsche Bank acts as one of the arrangers.

Oct 29. After the Russia-EU summit EDTM head Elvira Nabiullina and EU Trade Commissioner Peter Mandelson signed an agreement

Finamrus com 29.10.2007 14:33
http://www.finamrus.com/newtopics/news03BE4/default.asp

After the Russia-EU summit EDTM head Elvira Nabiullina and EU Trade Commissioner Peter Mandelson signed an agreement between Russia and the EU on the trade of some steel products in the presence of Russian President Vladimir Putin. For the record, in late June the Russian government issued a resolution on the conclusion of trade agreements with the EU involving some steel products. In line with the arrangements, Russian steel supplies to the EU are expected to rise 15% compared to 2006 and marginally expand the mix of export items in 2008.

Oct 26. Deutsche Bank raises Severstal-Avto target price 7%, reiterates Buy.

Finamrus com 26.10.2007 16:03
http://www.finamrus.com/newtopics/news03BDD/default.asp

Deutsche Bank has lifted its target price for Severstal-Avto’s stocks from $51.50 to $55.30, the bank’s analysts said in an equity research note. The Buy recommendation on the stock was left intact. DB analysts revised Severstal-Avto’s valuation model on the back of impressive performance exhibited by the company in January-June 2007.

Oct 25. AFK Sistema has penned an agreement to purchase a 41% stake in Shyam Telelink Ltd.

Finamrus com 25.10.2007 13:05
http://www.finamrus.com/newtopics/news03BC3/default.asp

AFK Sistema has penned an agreement to purchase a 41% stake in Shyam Telelink Ltd. , enabling it to raise its stake in the company to 51%, the holding said in a statement. Also, AFK Sistema entered into an option agreement whereby it could increase its equity position in Shyam Telelink from 51% to 74%. The fulfillment of the agreement and the option is driven by the approval obtained from India's Foreign Investment Promotion Board (FIPB). The price of the deal to buy up 51% of Shyam Telelink will total $58.1 mln.

Oct 23. Russia does not support imposing restrictions on investments using cash from national welfare funds

Finamrus com 23.10.2007 14:12
http://www.finamrus.com/newtopics/news03BA9/default.asp

Russia does not support imposing restrictions on investments using cash from national welfare funds, vice PM and finance minister Alexey Kudrin said at a press conference. "The official position of those countries that invest money from these funds is to have no restrictions. We are interested in entering global markets without any hitches, as a result of which I think the elaboration of comprehensive, not mandatory, but recommendable rules as a code is possible in principle, but only if they suit all the countries that invest cash from national welfare funds" – Kudrin emphasized.

Oct 22. The Bank of Russia does not rule out raising the refinancing rate by the end of 2007

Finamrus com 22.10.2007 15:10
http://www.finamrus.com/newtopics/news03B97/default.asp

The Bank of Russia does not rule out raising the refinancing rate by the end of 2007, first deputy CBR chairman Alexey Ulyukaev said Friday at the conference "The Russian Banking Sector: Growth Factors". "The refinancing rate is a symbolic position linked with inflation and we should and apparently will raise the refinancing rate" – he said. As wired earlier, CBR forecasts 2007 inflation at 9.5-10%. At present, the refinancing rate stands at 10%.

Oct 19. Russia will see no banking crisis or monetary reform,

Finamrus com 19.10.2007 14:49
http://www.finamrus.com/newtopics/news03B86/default.asp

Russia will see no banking crisis or monetary reform, Russian President Vladimir Putin announced. "Will there be any banking crisis in Russia? No, it won't. Will Russia see a monetary reform? No, such plans do not exist" – the President said Thursday responding to the questions put by the Russians in a live TV and radio show.

Oct 15. The candidature to Sberbank's CEO position is to be defined this week

Finamrus com 15.10.2007 13:06
http://www.finamrus.com/newtopics/news03B47/default.asp

The candidature to Sberbank's CEO position is to be defined this week, CBR head Sergey Ignatiev told the media Monday. "The candidature will be clear this week" – he said. The Supervisory Council at Sberbank will address at Tuesday's meeting the issue of calling an EGM due to the bank's management reshuffle, an informed source in the Central Bank told RIA Novosti Thursday. According to the same source, the supervisory council's meeting is slated for 3 p.m. October 16.

Oct 12. Norilsk Nickel's BoD remains unchanged.

Finamrus com 12.10.2007 16:50
http://www.finamrus.com/newtopics/news03B3D/default.asp

In the course of the EGM it became known that the lineup of Norilsk Nickel's Board of Directors remained intact. Only 67% of the metal major's shareholders attended the meeting and only 3.5% of them voted for the reelection of the board. The EGM was spearheaded by Mikhail Prokhorov who was not elected to the new BoD early in the year and he presently has no representatives in the metal producer's BoD.

Oct 11. No ADRs to be issued on stocks of companies to be spun off from UES.

Finamrus com 11.10.2007 17:04
http://www.finamrus.com/newtopics/news03B2E/default.asp

American Depositary Receipts (ADRs) will not be issued on stocks of utility companies to be unbundled from UES in the course of the second phase, director of the energy holding's strategy department Dmitry Akhanov told reporters in Moscow Thursday. "No ADRs will be floated for sure" – he said. Four gencos (TGC-8, TGC-9, Kuzbassenergo and TGC-4) will hold SPOs by the end of the year. Meanwhile, Kuzbassenergo's stock placement will take place as a standard initial public offering with stocks to be sold to a wide group of investors, while TGC-8, TGC-9 and TGC-4 will place shares in favor of strategic investors. "Interest in TGC-4 stocks is enormous. Potential buyers are not only foreign companies, but also domestic investors as part of consortiums formed with foreigners" – Akhanov said.

Oct 9. Gazprom CEO to meet the Serbian prime minister.

Finamrus com 09.10.2007 12:54
http://www.finamrus.com/newtopics/news03B04/default.asp

The Russian gas holding's delegation led by executive board chairman Alexey Miller is on a visit in Serbia Tuesday. As the Serbian governmental press office reported, a meeting is scheduled for Tuesday between Miller and Serbian Prime Minister Voislav Kostunica. As news agencies wired earlier, the plan is to lay one of the South Stream gas pipeline's offshoots through Serbia. The gas pipeline will run from Russia's Black Sea coast to Bulgaria, then running on to southern Italy and towards Central Europe.

Oct 5. TNK-BP floated Wednesday 5-year Eurobond worth $600 mln yielding 7.5%

Finamrus com 05.10.2007 13:04
http://www.finamrus.com/newtopics/news03ADA/default.asp

TNK-BP floated Wednesday 5-year Eurobond worth $600 mln yielding 7.5% and 10-year Eurobond with a 7.875% yield, a source in the banking circles told Interfax-AFI. The first tranche was placed at 99.166% of par value and the second at 98.728%. The yield rate of the first tranche is US Treasuries + 345 basis points and US Treasuries + 350 basis points for the second tranche. Both bond issuers bear semiannual coupons.

Oct 4. Volga-Dnepr Group could hold an IPO in Q208 to place 18% of its stocks

Finamrus com 04.10.2007 12:03
http://www.finamrus.com/newtopics/news03AC6/default.asp

Volga-Dnepr Group could hold an IPO in Q208 to place 18% of its stocks, the group's chief executive Alexey Isaikin told Interfax. Earlier Volga-Dnepr said it rolled back the IPO for an indefinite period of time because of the unsettled corporate feud with Kaskol Group. "Our IPO plans are valid, but no decision on a trading venue has been adopted so far" – Isaikin said. In line with earlier news wires, on August 14, 2007 Volga-Dnepr made an official statement that Volga-Dnepr management upped its stake in the air carrier, it controls, to 80% after it agreed to buy out shares of the company's minority shareholders.

Sept 28. Severstal makes a takeover offer to Celtic at 2.70 pounds per share.

Finamrus com 28.09.2007 20:13
http://www.finamrus.com/newtopics/news03A8C/default.asp

Severstal-Resource (which runs Severstal’s mining assets) has made an official takeover offer to Celtic Resources Holdings. As Severstal said in a statement released Friday, the offer stands at 2.70 pounds per share. At present, Severstal holds a 29.7% stake in the Irish company. The statement of the Russian metal maker specifies that an additional 3.1% stake in Celtic was acquired from DWS Investments Friday, but no transaction price was disclosed. “We have received confirmation that Barrick Gold, which holds a 6.6% interest in Celtic, will back our takeover offer” – the statement emphasized. Severstal points out that the price of the takeover offer is 43.6% higher than the market value of the Irish metal producer’s shares over the past 3 months. Given the price offered by Severstal, the market cap of Celtic Resources Holdings is estimated at 161 mln pounds sterling. Shortly after Severstal’s announcement of the takeover offer Celtic stocks rallied 13% on LSE.

Sept 27. VTB set to propose swapping VTB North West stocks for those of VTB at the earlier approved ratios.

Finamrus com 27.09.2007 17:02
http://www.finamrus.com/newtopics/news03A77/default.asp

VTB plans to propose swapping VTB North West stocks for those of VTB at the earlier approved ratios, VTB CEO and board chairman Andrey Kostin said at a press conference Thursday. "We have plans, if the supervisory council backs, to make an offer to VTB North West's minority shareholders to swap their holdings for VTB securities at the ratios that were specified earlier" – he said.

Sept 26. International rating agency Standard & Poor's has affirmed Moscow's long-term foreign currency obligations credit rating at BBB+

Finamrus com 26.09.2007 13:13
http://www.finamrus.com/newtopics/news03A5C/default.asp

International rating agency Standard & Poor's has affirmed Moscow's long-term foreign currency obligations credit rating at BBB+, the agency said in a press release. The rating carries a stable outlook.

Sept 25. Bluecone Limited, owned by Severstal, has raised its stake in Irish company Celtic Resources Holdings from 22% to 26.6%

Finamrus com 25.09.2007 14:04
http://www.finamrus.com/newtopics/news03A48/default.asp

Bluecone Limited, owned by Severstal, has raised its stake in Irish company Celtic Resources Holdings from 22% to 26.6%, Severstal said in a press release. As Sergey Loktionov, representative of Severstal-Resource that runs Severstal's mining assets, said, the equity stake increased following the acquisition of the company's shares from a private concern.

Sept 21. Investment agreements worth $10 bln are slated for signing at the 6th International Investment Forum "Sochi-2007",

Finamrus com 21.09.2007 14:06
http://www.finamrus.com/newtopics/news03A22/default.asp

Investment agreements worth $10 bln are slated for signing at the 6th International Investment Forum "Sochi-2007", which kicked off Thursday, Economic Development and Trade Minister German Gref told reporters on the sidelines of the forum. "We have reached a degree of stability where a Cabinet shakeup cannot undermine investors' confidence in the Russian economy" – he emphasized. He went on to say that notwithstanding the fact that the forum is held just when the new government is being formed "this produced no impact on the number of agreements that will be penned during the forum". Gref said that the forum will be attended by delegations from 33 countries and 58 constituent entities of Russia, as well as 44 governors of the Russian regions.

Sept 20. Mechel Announces its Acquisition of Port Temryuk-Sotra

Finamrus com 20.09.2007 19:15
http://www.finamrus.com/newtopics/news03A18/default.asp

MOSCOW, Sept. 20 /PRNewswire-FirstCall/ -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces it has acquired 100% of the Temryuk-Sotra seaport shares.The acquisition is in line with Mechel's further diversification of its coal and steel product traffic flows in developing its own transport infrastructure.The Temryuk-Sotra seaport is located at the Taman shore of the See of Azov and is primarily utilized for small tonnage river-sea type vessels in the Southern Russia.The company will specialize mainly in coal transshipment. The competitive advantages of the port of Temryuk are determined by its geographical location, proximity to sea communications, year-round navigation, and available railroad and highway accesses. Currently, with the existing depths, the port enables the use of river-sea vessels up to 5,000K tonnage, whose parameters correspond to the capabilities of the Black Sea, Mediterranean, and the mainland waterways in West Europe...More>

Sept 18. Goldman Sachs raises WGC-4 target price 2%, affirming Hold recommendation

Finamrus com 18.09.2007 17:59
http://www.finamrus.com/newtopics/news039FC/default.asp

Goldman Sachs has upgraded its target price for WGC-4's stocks from $0.123 to $0.126, the investment bank said in a note. The Hold recommendation on the stock was left unchanged.

Sept 14. In intraday market updates, trading still looks trendless.

Finamrus com 14.09.2007 13:14
http://www.finamrus.com/newtopics/news039D2/default.asp

On Friday, domestic stocks seem to be flatlining without any signs of a bullish or a bearish trend. 1-1.5% gains posted by some issuers in the closing hour yesterday turned into comparable morning losses today. As of 12:00 noon Moscow time the weakest players were Gazprom (-0.9%) and Surgutneftegaz (-0.8%), while Rosneft fared better, off 0.6%. The range of price fluctuations that we've seen YTD is still in place and is getting narrower. Time will tell whether or not this tendency will come to an end.

Sergey Dorogavtsev, Asset Manager, Finam Investment Company

Sept 13. The employment agreement of Transneft CEO Semen Vainshtok is to expire today, on September 13.

Finamrus com 13.09.2007 12:32
http://www.finamrus.com/newtopics/news039C5/default.asp

The employment agreement of Transneft CEO Semen Vainshtok is to expire today, on September 13. Vainshtok has headed the world's largest pipeline monopoly over the past eight years. On Tuesday Russian President Vladimir Putin offered Vainshtok to head up a state-run corporation that will be established to prepare Sochi for the 2014 Winter Olympics. Under his command Transneft launched the largest project in history of modern Russian to build the East Siberia – Pacific Ocean (ESPO) pipeline that will link East and West Siberian fields with the Pacific Ocean and will open new opportunities for Russian crude exports. Vainshtok's successor has not yet been named, although news agencies view possible candidates as Zarubezhneft CEO Nikolay Tokarev, Gazprom's deputy board chairman Nikolay Golubev and even Industry and Energy Minister Victor Khristenko. Officially, the nominee should be appointed by Rosimuschestvo which owns Transneft stocks on behalf of the state. Meanwhile, state officials categorically decline to comment on the issue.

NEWS & EVENTS: Breaking News

Finamrus com 12.09.2007 14:33
http://www.finamrus.com/newtopics/news039BA/default.asp

Sept 12. Russia's GDP could grow 7.5% this year, Finance Minister Alexey Kudrin announced Tuesday speaking before students of the Budget and Treasury Academy attached to the Russian Finance Ministry.

Sept 11. Sberbank is to cancel fees for storage of its stocks and those of Rosneft starting October 1

Finamrus com 11.09.2007 14:08
http://www.finamrus.com/newtopics/news039AA/default.asp

Sberbank is to cancel fees for storage of its stocks and those of Rosneft starting October 1, Sberbank's deputy board chairman Bella Zlatkis said in an interview with Kommersant business daily. According to her, private shareholders of Sberbank, as well as those of Rosneft (most shareholders who picked up Rosneft securities in the IPO hold their shares on deposit accounts with Sberbank), were concerned by the issue of fees charged for stock storage.

Sept 7. The Board of Directors of Gazprom Neft, a subsidiary of Gazprom, elected Thursday Gazprom CEO Alexey Miller as the oil company's board chairma

Finamrus com 07.09.2007 14:14
http://www.finamrus.com/newtopics/news03981/default.asp

The Board of Directors of Gazprom Neft, a subsidiary of Gazprom, elected Thursday Gazprom CEO Alexey Miller as the oil company's board chairman, the oil producer's press office reported. In addition, Gazprom Neft's BoD decided to call an EGM on November 19, 2007 in order to reelect BoD members, approve a new edition of the charter, make amendments to a number of internal documents and also pay remuneration to board members.

Sept 6. Magnitogorsk Iron & Steel Works (MMK) is to invest over $1 bln in the construction of an auto steel plant in the State of Ohio (USA),

Finamrus com 06.09.2007 14:01
http://www.finamrus.com/newtopics/news0396F/default.asp

Magnitogorsk Iron & Steel Works (MMK) is to invest over $1 bln in the construction of an auto steel plant in the State of Ohio (USA), MMK board chairman Victor Rashnikov said at a briefing in Saint Petersburg Wednesday. He went on to say that the new facility’s production capacity will be 1.5 mn t of cold-rolled products a year.

Sept 4. Basic Element, that runs Oleg Deripaska's non-core assets, applied late last week to FAS

Finamrus com 04.09.2007 12:06
http://www.finamrus.com/newtopics/news0394B/default.asp

Basic Element, that runs Oleg Deripaska's non-core assets, applied late last week to FAS seeking authorization to acquire 100% of Russneft which makes up Top 10 of Russian O&G companies, a Basic Element spokesman told RIA Novosti Tuesday. "The application was submitted at the end of last week" – the news agency's respondent said adding that Basic Element took into account the remarks made by FAS to the application filed in July, when the documents were not accepted due to their improper registration.

Sept 3. Norilsk Nickel has wrapped up syndication of $3.5 bln loans to take over LionOre.

Finamrus com 03.09.2007 13:01
http://www.finamrus.com/newtopics/news03937/default.asp

Russian metal giant Norilsk Nickel has completed the syndication of credit facilities for a total of $3.5 bln, the company said in a statement. The credits were issued as part of a $6 bln fund-raising procedure aimed at taking over Canadian nickel and gold producer LionOre Mining.

Aug 31. UES (RTS: EESR) has accepted Norilsk Nickel's buyout offer,

Finamrus com 31.08.2007 14:03
http://www.finamrus.com/newtopics/news0392C/default.asp

UES (RTS: EESR) has accepted Norilsk Nickel's buyout offer, presenting 5.2 bln shares (11% of the charter capital) of WGC-3 for buyout, the energy holding's PR director Margarita Nagoga told Interfax. The shares will be divested at the price of the SPO which was acquired by Norilsk Nickel, i.e. at Rub 4.54 per share.

Aug 29. TNK-BP Holding's H107 net profit sank 44.2% to Rub 21,583 mln.

Finamrus com 29.08.2007 19:02
http://www.finamrus.com/newtopics/news03913/default.asp

Net profit generated by TNK-BP Holding in January-June 2007, compiled under RAS, plummeted 44.2% against the year-earlier period to Rub 21,583 mln. As the oil producer said in its materials prepared for an EGM scheduled for September 28, TNK-BP holding's first-half sales plunged 100% to Rub 189 bln because of a decline in exports.

Aug 27. Novolipetsk Iron & Steel Works (NLMK) could pay out per-share H107 dividends of Rub 1.50

Finamrus com 27.08.2007 13:06
http://www.finamrus.com/newtopics/news038E2/default.asp

Novolipetsk Iron & Steel Works (NLMK) could pay out per-share H107 dividends of Rub 1.50 or flat on H106. As the metal producer said in a press release, the Board of Directors that accepted recommendations regarding the amount of interim dividends decided to hold an EGM on this issue on September 28, 2007.

Aug 24. UES has determined genco stocks (due to the state) to be distributed

Finamrus com 24.08.2007 13:08
http://www.finamrus.com/newtopics/news038D5/default.asp

Aug 24. UES has determined genco stocks (due to the state) to be distributed among State Holding Hydro WGC and State Holding. In the course of UES' restructuring State Holding Hydro WGC will gain stakes in five gencos (WGC-1, WGC-3, WGC-4, TGC-7 and TGC-3) and also in Hydro WGC, UES' PR director Margarita Nagoga told Interfax. Shares of all other gencos, apart from WGC-2 and TGC-7, will be assigned to State Holding (which will be folded into FGC).

Breaking News (Finamrus com)

22.08.2007 13:58
http://www.finamrus.com/newtopics/news038B8/default.asp

Aug 22. International rating agency Standard & Poor's (S&P) has affirmed Russia's long-term foreign and national currency debt obligations at BBB with a stable outlook, the agency said in a press release.

Aug 20. Norilsk Nickel, which is wrapping up the takeover of Canadian LionOre Mining International for $6.4 bln, could quadruple nickel output

Finamrus com 20.08.2007 13:02
http://www.finamrus.com/newtopics/news0388A/default.asp
Norilsk Nickel, which is wrapping up the takeover of Canadian LionOre Mining International for $6.4 bln, could quadruple nickel output and build a processing facility at its South African field Nkomati, Bloomberg news agency reported quoting the company's representative in South Africa Gerhardt Porgieter as saying. According to him, production at this field could surge 4-fold to 22,000 tons of nickel a year.

Aug 17. Gazprom poised to spend Rub 1 bln on stock buyback, thinking to start in October-November.

Finamrus com 17.08.2007 14:01
http://www.finamrus.com/newtopics/news03882/default.asp
Russian gas holding Gazprom intends to commence work to buy back its stocks on the open market in October-November 2007. On Friday the gas giant released relevant explanations to a tender to select a broker as to buy back its shares... more...

Brent oil chart (aug 10, weekli, 100 units)

Brent oil chart

august 06 dayli (200 units)

July 19. Industrial growth in Russia grew 10.9% y-o-y in June

Finamrus 19.07.2007 13:44
http://www.finamrus.com/newtopics/news03727/default.asp

July 19. Industrial growth in Russia grew 10.9% y-o-y in June, the Federal State Statistics Service reported. Analysts of leading investment companies, banks and research center previously polled by Interfax projected industrial growth at 6% in June. This indicator hit a record high in June 2007, the previous highest value of 8.7% was reached in February 2007.

Jul 18. Lehman Brothers initiates coverage of Gazprom and assigns Buy recommendation to its ADRs.

Finamrus 18.07.2007 13:28
http://www.finamrus.com/newtopics/news03715/default.asp
Lehman Brothers has initiated coverage of Gazprom. According to Lehman Brothers' estimates, the target price of Gazprom is $60 per GDR and their recommendation is "outperform".

Jul 6. In intraday market updates, domestic plays are correcting down a bit after yesterday’s rally.

Finamrus 06.07.2007 14:15
http://www.finamrus.com/newtopics/news03697/default.asp

The RTS index grew 1.52% to 1915.44 ($41.137 million on the classic market),
Gazprom (RTS: GAZP) grew 1.67% to $10.35,
Sberbank (RTS: SBER) was up 2.38% to $3870,
UES (RTS: EESR) grew 1.83% to $1.3615,
Norilsk Nickel (RTS: GMKN) grew 1.43% to $205.20,
Polyus Gold (RTS: PLZL) was up 2.62% to $43.10.

Russian Stocks on Saturday 06/09/07.

The RTS index grew 0.47% to 1798.49 ($33.868 million on the classic market) and the MICEX rose 0.41% to 1594.1. (24.956 billion rubles on the stock section).
Gazprom (RTS: GAZP) grew 0.7%,
Lukoil (RTS: LKOH) shed 0.1%,
Rosneft (RTS: ROSN) was up 0.1%,
Surgutneftegas (RTS: SNGS) fell 0.6%,
Tatneft (RTS: TATN) climbed 1%,
Gazprom Neft gained 0.3%,
Sberbank (RTS: SBER) was up 0.7%,
VTB dropped 0.2%,
UES (RTS: EESR) grew 1.2%,
Norilsk Nickel (RTS: GMKN) grew 0.8%,
Polyus Gold (RTS: PLZL) was down 0.2%,
Rostelecom (RTS: RTKM) gained 0.2%.My RTS target is 1895 points in one – two weeks.