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Evraz Group, Sberbank, TNK-BP Holding: Russian Equities Preview

Sept. 27 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.

The 30-stock Micex Index rose 1.5 percent to 1,346.86 at the close in Moscow. The dollar-denominated RTS Index was little changed at 1,315.25.

OAO TNK-BP Holding (TNBP RX): HRT Participacoes em Petroleo SA, a Brazilian oil exploration company, may allow TNK-BP to operate some wells in a proposed venture in Brazil. TNK-BP had previously said that the lack of the option to operate the project threatened the $1 billion deal. BP Plc’s Russian venture with a group of billionaires rose 0.8 percent to 76.07 rubles.

Evraz Group SA (EVR LI): Russia’s largest steelmaker said it may buy a 51 percent stake in the Timir iron ore project from OAO Alrosa. Evraz fell 3.7 percent to $15.70 in London.

OAO Sberbank (SBER03 RX): President Dmitry Medvedev signed a decree accepting Finance Minister Alexei Kudrin’s resignation after accusing him of “insubordination” for questioning the Russian leader’s spending policies. The move may further pressure the ruble, which has fallen to its lowest level against the dollar in more than two years. Russia’s largest holder of ruble deposits fell 1.3 percent to 69.25 rubles.

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.

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