OREANDA-NEWS. March 29, 2010. Veles Capital released daily market review:

Sistema is buying 49% of Russneft. Sistema signed an agreement on buying 49% of Russneft’s shares. The company outlines that the amount of the deal will depend on reaching Russneft a number of financial and operating estimates, but anyway it will not exceed 100 mn USD. Given insignificant amount is related to the high debt load of the company, which is at the level of 7.5 bn USD.

TGC-4 might payoff high dividends for the preferred shares. Board of directors of TGC-4 recommended company’s shareholders at the annual shareholders’ meeting to refuse from paying dividends for 2009 on the common shares and pay dividends on the preferred shares in the amount 0.0004291301 RUR per share.