Rumyantsev says Russia ready to build nuclear power plant in North Korea 5




Yüklə 0.84 Mb.
səhifə30/57
tarix25.04.2016
ölçüsü0.84 Mb.
1   ...   26   27   28   29   30   31   32   33   ...   57

Russian shares drop sharply, Gazprom down over 11 percent


CEP20020724000091 Moscow Interfax in English 1015 GMT 24 Jul 02

[FBIS Transcribed Text]


MOSCOW. July 24 (Interfax) - The drop in price for liquid Russian shares had become very sharp by midday Wednesday on the heels of a record drop in U.S. stock indices on the previous day.
  By 13:00 Moscow time, prices for blue chips were down 3%-7.8%, with many shares returning to the price level of last year. Gazprom shares saw the largest drop - plummeting over 11%.
  Gazprom shares on the St. Petersburg Stock Exchange, traded through RTS terminals fell 11.9% to 23.83 rubles, passing all lower resistance levels.
  The RTS index fell 5% to 333.36 points, easily falling below the psychologically important level of 350 points.
  Dmitry Druzhinin, chief analyst with the Prospekt investment company, said that the Russian market has long resisted falling foreign stock indices, the decline was not as sharp as in the U.S. or Europe, mainly due to domestic demand.
  "However, the patience of market participants has ended, sales have increased sharply and not only domestic investors are selling - but non-residents also," he said.
  As regards Gazprom, the market has remembered the company's recent negative report for the first half, indicating a drop in net profit of over 35% year-on-year. In addition, investors' hopes that Gazprom shares would have the most growth potential in the oil and gas sector have started to shatter. These expectations could have been realized if reform had continued in the company and its share market had been liberalized. However, all that was promised was not fulfilled," he said.
  According to Trinfiko expert Yevgeny Shtange, shares are now being sold throughout the market and the plummet in Gazprom share prices may be due to insider information, which the market will learn in two to three days. "It is likely that something is happening concerning the company, some negative event, which will come to light in the future," he said.
  In addition to Gazprom, other companies to see a major drop in share price were Lukoil (-6.5%), Sibneft (-11%), Surgutneftegaz (-7.8%) and Yukos (-6.7%).
[Description of Source: Moscow Interfax in English -- non-government information agency known for its aggressive reporting, extensive economic coverage, and good coverage of Russia's regions]

THIS REPORT MAY CONTAIN COPYRIGHTED MATERIAL. COPYING AND DISSEMINATION IS PROHIBITED WITHOUT PERMISSION OF THE COPYRIGHT OWNERS.

Russia: Gazprom CEO Miller Dismisses 'Last' Vyakhirev Team Player Sheremet


CEP20020719000158 Moscow Kommersant in Russian 19 Jul 02 P 9

[Unattributed report: "Vyacheslav Sheremet Dismissed"]

[FBIS Translated Text]
Kommersant has learned that Aleksey Miller, chairman of the Gazprom Joint-Stock Company management board, signed an order yesterday regarding the dismissal of Vyacheslav Sheremet, one of his deputies.  Mr. Sheremet is currently on a planned vacation and there is every indication that he will not be returning to the company in August when his vacation is over.

   So far Gazprom has provided no official announcement on this dismissal but the dismissal is more than expected . Vyacheslav Sheremet is the last and most important player in the team of Rem Vyakhirev, the former Gazprom CEO (now adviser to Dmitriy Medvedev, deputy chief of the Presidential Staff and chairman of the Gazprom board of directors).  At one time Mr. Vyakhirev even considered him as a possible successor.  According to Kommersant's information, Gazprom's contract with Vyacheslav Sheremet came to an end a few months ago, however, the question of extending his contract was not even discussed by the Gazprom board of directors.  In all probability, it was decided not to dismiss Mr. Sheremet in order to avoid a scandal with the former Gazprom boss.

   The manager's dismissal will have no impact on Gazprom's affairs.  Vyacheslav Sheremet, who oversaw the Company's financial affairs, was to, all intents and purposes, barred from any involvement following his detention under the same criminal case as Sibur former president Yakov Goldovskiy 8 January 2002 and, according to Kommersant's information, played no major part in Gazprom's activity after this.

[Description of Source: Moscow Kommersant in Russian -- Informative daily newspaper purchased by Boris Berezovskiy in 1999 and often reflecting his viewpoint.]



THIS REPORT MAY CONTAIN COPYRIGHTED MATERIAL. COPYING AND DISSEMINATION IS PROHIBITED WITHOUT PERMISSION OF THE COPYRIGHT OWNERS.


Unclassified

Russia: Plans to liberalize trade in Gazprom shares submitted for review


CEP20020628000243 Moscow Interfax in English 1250 GMT 28 Jun 02

[FBIS Transcribed Text]


  MOSCOW. June 28 (Interfax) - Proposals on liberalizing the trading in Gazprom shares have been drawn up and submitted to Russia's leadership, Gazprom Chairman of the board Dmitry Medvedev said at a Friday press conference in Moscow following an annual shareholders meeting.
  Specific decisions on this issue will be made "rather soon," Medvedev said. What is important now is estimating the consequences of this or that decision on liberalizing the share market, he said.
  The state is not planning to sell any shares from its stake in the concern's charter capital, which is now over 38%, Medvedev said.
  He also said he does not see "anything alarming in the fact that oil companies have been engaging in the gas business," and "Gazprom should get adapted to new realities."
  At the same time, companies operating on the gas market should abide by acting laws and rules of this market, and Gazprom cannot be put in an initially unequal situation as compared to oil companies, the chairman of the Gazprom board said.
  Touching on the sale of Gazprom's media assets, Medvedev admitted that they are non-core ones. "Of course they should be sold, but only when it is profitable for the company," he emphasized. The capitalization of those assets should first be increased to a level that would make it possible to consider their alienation, he said.
[Description of Source: Moscow Interfax in English -- non-government information agency known for its aggressive reporting, extensive economic coverage, and good coverage of Russia's regions]

THIS REPORT MAY CONTAIN COPYRIGHTED MATERIAL. COPYING AND DISSEMINATION IS PROHIBITED WITHOUT PERMISSION OF THE COPYRIGHT OWNERS.


Unclassified
1   ...   26   27   28   29   30   31   32   33   ...   57


Verilənlər bazası müəlliflik hüququ ilə müdafiə olunur ©azrefs.org 2016
rəhbərliyinə müraciət

    Ana səhifə