Open Joint Stock Company Magnitogorsk Iron & Steel Works (MICEX:MAGN) has scrapped plans for sale of Belon Public Joint Stock Company (MICEX:BLNG), Magnitogorsk's press office told Interfax. The company stated: "The banks refused to lend and the buyers disappeared. "Now we're very glad we didn't sell because we're earning money on it thanks to the [ruble's ] devaluation," Sergei Sulimov, Deputy General Director for finance and economics, stated.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
31.5 RUB | -2.33% | -.--% | -.--% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-.--% | 3.85B | |
-0.07% | 41.74B | |
+19.32% | 24.92B | |
-19.22% | 22.6B | |
-5.36% | 21.45B | |
+14.71% | 21.4B | |
+7.20% | 9.75B | |
-25.04% | 8.2B | |
-13.81% | 8.37B | |
+35.83% | 8.32B |
- Stock Market
- Equities
- MAGN Stock
- News Magnitogorsk Iron & Steel Works
- Magnitogorsk Scraps Belon Sale