OREANDA-NEWS. June 16, 2011. Veles Capital released daily market review:

RUSAL abandoned the second claim against Norilsk Nickel from Arbitrage court of Krasnoyarsk Territory.

Arbitrage Court of Krasnoyarsk Territory aborted the process on claim of UC Rusal Investment Management, LLC against Norilsk Nickel on cancellation of public offer on Corbiere Holdings Ltd., resulting from which Corbiere bought 7.2% of shares of Norilsk Nickel for 3.5 bn USD.

Accounts chamber is for direct control of the government over Rostelecom.

Accounts chamber is for grading the risks due to structure of owning Rostelecom, and also the option agreement between Svyazinvest and VEB.

Quarter report of Sistema.

Sales of AFK Sistema for 1Q 2011 by US GAAP formed 7.8 bn USD, having added 26% y/y. OIBDA grew 1.6 bn USD and formed 1.9 bn USD, net profit went 33% down and totaled 97 bn USD.