Bloomberg News

Gazprom, Norilsk Nickel, Raspadskaya: Russian Equities Preview

September 28, 2011

Sept. 29 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.

The 30-stock Micex Index lost 0.2 percent to 1,377.87. The dollar-denominated RTS Index fell 0.2 percent to 1,367.37.

OAO Gazprom (GAZP RX): The company’s natural gas contracts are the focus of European Union antitrust investigators’ raids across central and eastern Europe that sought to uncover information on prices and supplies. The probe is looking at companies with long-term natural gas supply contracts with Gazprom and was “a way to circumvent confidentiality clauses” that prevent regulators from getting data on capacity, Bulgaria Energy Minister Traicho Traikov told reporters in Sofia. The shares fell 1.2 percent to 155.04 rubles.

OAO GMK Norilsk Nickel (GMKN RM): The world’s largest producer of the metal said it began to accept bids from investors seeking to sell shares in a $4.5 billion buyback program. Shares gained 7.4 percent to 6,998 rubles.

OAO Raspadskaya (RASP RM): Russia’s fifth-largest producer of coal for steelmakers is scheduled to report first-half earnings. Shares fell 6.4 percent to 102.22 rubles.

--Editors: Glenn Kalinoski, Brendan Walsh

To contact the reporter on this story: Lyubov Pronina in Moscow at lpronina@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net.


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