Veles Capital Released August 30 Russian Market Review
OREANDA-NEWS. August 30, 2010. Veles Capital released daily market review:
Public hearings on Rosneft-Krasnodarorgsintez project in Termyuk did not take place. "Inaudible-overflow land zone deposits' development (third stage of construction) project is being meant. Development of Chumakovskoe and Svistelnikovskoe deposits, expansion of oil development at Ramsarskie sites of wetlands
FNC launches placement of the additional emission on September 3. FNK begins placement of the additional emission, which will form 2.29% of the existing capital or 14 bn RUR. Notes will be placed via public offer. It is supposed that the state will buy back 11.2 bn RUR of shares, the other part will be available to minority within the frames of the priority buy back.
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