bne_newspaper_June_07_2019

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Content:
2 Top Stories
5 The Regions This Week 9 Chart
10 bne Invest
13 Central Europe 14 Southeast Europe 15 Eastern Europe 18 Eurasia
19 Opinion
21 bne Tech
June 7, 2019 www.intellinews.com
King of the castle: Gazprom overtakes Sberbank to become Russia’s most valuable company
Ben Aris in Berlin
The shares in Russia’s state-owned gas giant Gazprom jumped again, rising by 10% in a day, to make it Russia’s most valuable company, worth $82bn, as rumours of the imminent departure of CEO Alexi Miller swirled in Moscow.
The shares in the so-called “state within the state” already spiked by 30% in the last week of May
Capitalisation of Russia's NLMK overtakes steel major ArcelorMittal
bne IntelliNews
The market capitalisation of Vladimir Lisin’s Russian steel major Novolipetsk Metallurgical Kombinat (NLMK) topped $15.88bn on the Lon- don Stock Exchange on June 4, overtaking the world's largest steel maker ArcelorMittal, worth $15.7bn in New York, and having almost the same capitalisation on the Euronext exchange of $15.9bn, Vedomosti daily reported on June 5.
as bne IntelliNews reported, adding $20bn to the company’s market capitalisation in a matter of days after the management hiked its dividend twice in
a week: management announced it was increas- ing dividends from the RUB8 per share it has been paying for years to RUB10 per share, only to in-
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The value of Russian companies has been rising strongly this year despite the sanctions saga and slow economic growth. The way has been led by state-owned Gazprom, which has seen its value spike by 36% YTD in just the last few weeks, but the leading RTS index was up 23% YTD, ahead of
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