|Bid||0.00 x 610000|
|Ask||0.00 x 268000|
|Day's Range||296.15 - 303.65|
|52 Week Range||286.00 - 425.70|
|PE Ratio (TTM)||8.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Russia's biggest private equity firm loses its appeal against Rosneft. It will try again in a higher court, but the odds are now stacked against them.
Russian business conglomerate Sistema (AFKS.MM) said on Monday it would comply with a court ruling ordering it pay 136.3 billion roubles ($2.33 billion) in damages to Rosneft (ROSN.MM) but will lodge an appeal in cassation. "The corporation plans to implement the court's ruling in accordance with the procedure established by law, and will simultaneously dispute the ruling of the appeal court by filing a cassation appeal to the Arbitration Court of the Urals District within the time limit prescribed by law," it said.
MOSCOW (Reuters) - A Russian regional court has upheld a decision on Monday to award Rosneft with 136.3 billion roubles (£1.72 billion) in its litigations with Sistema (AFKS) conglomerate, Russian news ...
Venezuela has awarded licences to a unit of Russian oil major Rosneft to develop two offshore gas fields, Rosneft said in a statement. Venezuelan President Nicolas Maduro signed the deal during a visit to Venezuela by Rosneft CEO Igor Sechin, it said. During the visit, Sechin also discussed Rosneft's cooperation with Venezuelan state energy company PDVSA, the statement said.
The work of Russia's biggest oil company, Rosneft, in Iraqi Kurdistan is beneficial for Iraq as well as its autonomous region and the Russian economy, Russian President Vladimir Putin said on Thursday. ...
Russian business conglomerate Sistema has pulled a sale of shares in Detsky Mir after its stake in the toy retailer was frozen by a court at the request of oil giant Rosneft. The offer of a 6.3 percent stake in Detsky Mir was priced early on Tuesday, with Sistema selling 5 percent and the Russia-China Investment Fund selling a 1.3 percent stake. A few hours later, a Russian regional court froze Sistema's stake in Detsky Mir as part of a broader injunction covering $1.7 billion (£1.2 billion) of its assets.
Detsky Mir, Russia's Toys R Us, caught in the crosshairs of an ugly legal battle between one of its biggest shareholders and Russia's biggest, meanest oil man.
A Russian court froze around $1.7 billion of conglomerate Sistema's assets following a claim by oil major Rosneft on Tuesday.
A Russian court on Tuesday froze around $1.7 billion of conglomerate Sistema's (AFKS.MM) assets at the request of oil major Rosneft (ROSN.MM), the TASS news agency reported. State-controlled Rosneft had said earlier it was seeking to freeze some of Sistema's assets as part of a second lawsuit over Rosneft's Bashneft (BANE.MM) unit. The arbitration court of Bashkortostan froze Sistema's 52.09 percent stake in toy retailer Detsky Mir (DSKY.MM), with a book value of 33.8 billion roubles (£428.7 million), TASS reported, citing a court decision.
Russia's Sistema said on Tuesday a demand by oil major Rosneft to apply a freezing injunction on some of Sistema's assets was groundless. "Our opponents continue to pursue a policy of blackmail aimed ...
MOSCOW (Reuters) - The Arbitration Court of Bashkortostan will hold preliminary hearings of a 131.6-billion-rouble ($2 billion) lawsuit filed by Russia's Rosneft (ROSN.MM) and Bashneft (BANE.MM) against ...
Russian oil major Rosneft is seeking a freezing injunction in respect of some of Sistema's assets under its second legal claim against the conglomerate, the RIA news agency quoted a Rosneft spokesman as ...
The Arbitration Court of Bashkortostan will hold preliminary hearings of a 131.6-billion-rouble lawsuit filed by Russia's Rosneft and Bashneft against Sistema on Jan. 12, court documents showed. State-controlled ...
Russian conglomerate Sistema said on Friday it had filed a 330.5 billion rouble ($5.6 billion) lawsuit against Rosneft, retaliating against $4.5 billion in legal claims made against it by Russia's top oil producer. Shares in Sistema, which groups the assets of Russian businessman Vladimir Yevtushenkov and includes the country's largest mobile operator MTS, hit a three-year low after Rosneft filed its second lawsuit on Thursday. Rosneft is seeking the return of dividends paid out by mid-sized oil company Bashneft in the years between 2009 and 2014, when Sistema was its controlling shareholder.
Russian industrial conglomerate Sistema does not rule out new lawsuits against oil giant Rosneft, a Sistema spokesman said on Friday. Sistema said earlier it had filed a 330.5 billion rouble lawsuit against ...
Russia's Sistema said on Friday it had filed a 330.5 billion rouble ($5.57 billion) lawsuit against top Russian oil producer Rosneft over Rosneft's acquisition of the Bashneft oil company. Sistema, in a statement, accused Rosneft of actions which caused Sistema to suffer losses. "Sistema has been forced to take actions to defend the legitimate interests of the corporation, its employees, partners and shareholders, and has asked the court to compensate the losses incurred," the company said.
Russian oil giant Rosneft said on Friday it had not received a 330.5 billion rouble lawsuit filed by conglomerate Sistema against it and considered the allegations "absurd", Interfax cited a ...
Russian oil major Rosneft filed a new $2.2 billion (£1.7 billion) lawsuit against conglomerate Sistema on Thursday, escalating a dispute which has rekindled concerns about the investment climate in Russia. The long-running row over mid-sized oil company Bashneft pits powerful Rosneft chief executive Igor Sechin, a close ally of President Vladimir Putin, against billionaire Vladimir Yevtushenkov who told Russian media outlet RBC that the latest lawsuit was an "act of intimidation".
Russia’s former Economy Minister Alexei Ulyukayev, the highest-level official charged with corruption under President Vladimir Putin’s rule, warned the Kremlin elite that any one of them could be next ...
Russia's Sistema said on Thursday state oil company Rosneft was using lawsuits against the conglomerate to offset the cost of Rosneft acquiring mid-sized oil company Bashneft. The company has had no talks with Rosneft about an amicable settlement of the legal dispute, a spokesman for Sistema said, after Rosneft filed a new, $2.2 billion claim for damages against Sistema. "There've only been ultimatums by the claimant to pay the sum in full, which certainly cannot be considered as a constructive position and readiness for an amicable agreement," Sergei Kopytov said.
State prosecutors said the bribe was given last year on Nov. 14 in exchange for Ulyukayev approving the sale of state-controlled oil company Bashneft to Rosneft. "A monstrous and cruel provocation was carried out against me," Ulyukayev told the court in his final statement before it hands down a verdict on Dec. 15. Rosneft head Sechin, a witness in the trial and a close ally of President Vladimir Putin, has not appeared in court, citing work commitments.
Rosneft Oil PJSC has racked up more than $17 billion worth of debt in 2017, its biggest year of borrowing on record, as the threat of new sanctions hangs over Russian debt markets.
Igor Sechin, the powerful head of Russian state-owned oil giant Rosneft PJSC, passed off a $2 million bribe as a gift of fine wine, according to Alexei Ulyukayev, who’s on trial in the first graft prosecution ...