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Open Joint-stock Company
A public joint-stock company, abbreviated PJSC (russian: Публичное акционерное общество, abbreviated russian: links=no, ПАО) or open joint-stock company, abbreviated OJSC (russian: links=no, Открытое акционерное общество, abbreviated russian: links=no, ОАО), is a type of company in many successor states of the Soviet Union, in particular in Russia. Its distinguishing feature is the right of stockholders to trade in stocks without the permission of other stockholders. These public stock companies are somewhat comparable to limited liability partnerships or corporations under US law. Examples in CIS See also * Types of business entity in Russia * Government-owned corporation#Russia * Unitary enterprise A unitary enterprise (russian: унитарное предприятие) is a government-owned corporation in Russia and some other post-Soviet states. Unitary enterprises are business entities that have no ownershi ...
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Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ...
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Transneft
Joint Stock Company Transneft (russian: Транснефть) is a state-controlled pipeline transport company headquartered in Moscow, Russia. It is the largest oil pipeline company in the world. Transneft is operating over of trunk pipelines and transports about 80% of oil and 30% of oil products produced in Russia. The company is led by Nikolay Tokarev. History Transneft was established by the Government of the Russian Federation on 14 August 1993 and it was registered by the Moscow Registration Chamber on 26 August 1993. Semyon Vainshtok headed Transneft from 13 September 1999 to 11 September 2007. born October 5, 1947, Climăuți, Dondușeni District, Moldavian SSR), ''Weinstock'' is another spelling of his surname. Through his shell companies in Bahamas, Cyprus, and Switzerland, he has investments with Aker Solutions, the largest Norwegian oil company which was formerly known as ''Aker Kværner''. In the late 1990s, Vainshtok ensured the funding of Baltic Pipeline S ...
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Turkmenistan Airlines
OJSC Turkmenistan Airlines ( tk, «Türkmenistan» awiakompaniýasy açyk görnüşli paýdarlar jemgyýeti, commonly known as Türkmenhowaýollary) is the flag carrier and only airline of Turkmenistan, headquartered in Ashgabat. It operates domestic and international passenger and cargo services mainly from its hub at Ashgabat International Airport. History The state-owned service Turkmenistan Airlines was founded 4 May 1992. In 1992, Turkmenistan Airlines became the first airline in the former Soviet Union to purchase a Boeing 737-300. In April 1993, Turkmenistan became a full member of the International Civil Aviation Organization (ICAO). The first flight on a cargo aircraft IL-76 was completed on 19 April 1993 from Ashgabat to Brest, Belarus. From 2001, the airline phased out its Soviet-era fleet for a more modern fleet of Boeing 717s, which were extensively used for service on domestic routes until their retirement. Seven of the 717 series were purchased; the first was ...
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Magnit
Magnit (Магнит, "Magnet") is one of Russia's largest food retailers. It was founded in 1994 in Krasnodar by Sergey Galitsky. As of March 2016, the company had 12,434 stores in 2,385 locations. They include 9,715 convenience stores, 225 hypermarkets, 2,337 Magnit Cosmetics stores and 157 Magnit family stores. The company employs more than 140,000 people and has been opening several dozen stores each month. Since 2006, the company has developed a chain of "Magnit" hypermarkets in many Russian cities and towns. It overtook its rival X5 Retail as Russia's largest retailer in terms of sales in April 2013, although it is still under-represented in Moscow. As of July 2014, it is the world's fourth largest retailer by market capitalization. However, the largest retailer in Russia in 2017 is the X5 Retail Group. Since November 2021 Marathon Group owned by Alexander Vinokurov has become the largest shareholder History The founder of Magnit retail chain, Sergey Galitsky, estab ...
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Norilsk Nickel
Norilsk Nickel (russian: ГМК «Норильский никель»), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia. It also has holdings in Nikel, Zapolyarny, and Monchegorsk on the Kola Peninsula, in Harjavalta in western Finland, and in South Africa. Headquartered in Moscow, Norilsk Nickel is the world's largest producer of refined nickel and the 11th largest copper producer. The company is listed on MICEX-RTS. As of March 2021, its key shareholders were Vladimir Potanin's Olderfrey Holdings Ltd (34.59%) and Oleg Deripaska's Rusal (27.82%). In December 2010, Norilsk Nickel made a share buyback offer for Rusal's 25% share in the company for $12 billion, but the offer was declined. In 2012, Potanin's Interros holding, Rusal, and Roman Abramovich signed a shareholder agreement on the size of dividend payouts to end a conflict over t ...
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Novolipetsk Steel
Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels. It is the 21st-largest steel maker in the world. The larger NLMK group owns a number of other steel and mining industries, mostly in Russia. History Historically, the Lipetsk area in central Russia has had substantial iron ore deposits. In 1702, Peter the Great ordered the construction of an iron foundry there. In 1931, Novolipetsk Iron and Steel began construction of a plant on the site of the iron ore mine. Prospering down through the decades, Novolipetsk became a joint-stock company in 1992 and then in 1993 began the process of privatization by distributing company shares to its employees. The company seems to be acquisitive; see list of related organ ...
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Moscow Exchange
The Moscow Exchange (MOEX; rus, Московская биржа, r=Moskovskaya birzha, p=mɐˈskofskəjə ˈbʲirʐə, a=) is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, money markets, and precious metals. The Moscow Exchange also operates Russia's central securities depository, the National Settlement Depository (NSD), and the country's largest clearing service provider, the National Clearing Centre. The exchange was formed in 2011 in a merger of the Moscow Interbank Currency Exchange and the Russian Trading System. Trading at the exchange was suspended on 24 February 2022, following Russia's invasion of Ukraine. Trading remained suspended until 21 March, and was then only opened for state bonds. The exchange was also targeted as part of international sanctions against Russia. On August 15 2022, it was announced that the bond market opened to friendly investors. History The Moscow Exchange was estab ...
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Mosenergo
Mosenergo (also known as TGK-3;) is a Russian power generating company operating on fossil fuel and a large thermal generation. In addition to electric power it also generates and sells heat for consumers in Moscow and the Moscow Oblast. The company was founded in 1887 in Moscow. The power plants of Mosenergo have installed electricity capacity of 11,100 MW and thermal capacity of 39,900 MW. Mosenergo operates 17 power plants with 104 cogeneration turbines, 7 gas-turbine units, one combined cycle power unit, two expansion generation units, 117 power boilers, and 114 peak-load boilers. Mosenergo is a subsidiary of Gazprom. Its shares are listed on the Moscow Exchange and London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau .... Re ...
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Sukhoi
The JSC Sukhoi Company (russian: ПАО «Компания „Сухой“», ) is a Russian aircraft manufacturer (formerly Soviet), headquartered in Begovoy District, Northern Administrative Okrug, Moscow, that designs both civilian and military aircraft. It was founded in the Soviet Union by Pavel Sukhoi in 1939 as the Sukhoi Design Bureau (OKB-51, design office prefix Su). During February 2006, the Russian government merged Sukhoi with Mikoyan, Ilyushin, Irkut, Tupolev, and Yakovlev as a new company named United Aircraft Corporation.Russian Aircraft Industry Seeks Revival Through Merger
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United Aircraft Corporation
The PJSC United Aircraft Corporation (UAC) () is a Russian Aerospace manufacturer, aerospace and Arms industry, defense corporation. With a majority stake belonging to the Russian government, it consolidates Russian private and state-owned Russian aircraft manufacturer, aircraft manufacturing companies and assets engaged in the manufacture, design and sale of military, civilian, transport, and unmanned aircraft. Its headquarters are in Krasnoselsky District, Moscow, Krasnoselsky District, Central Administrative Okrug, Moscow. Many of the corporation's assets are located in Federal subjects of Russia, various regions in Russia, with joint-ventures with foreign partners in Italy, India and China. History Predecessor After the Soviet Union, Soviet Union's sudden Dissolution of the Soviet Union, collapse in 1991, the Aerospace industry of Russia, aerospace industry of Russia was in turmoil. An excessive amount of imports and highly Protectionism, protective tariffs devastated the m ...
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OJSC VimpelCom
PJSC VimpelCom (russian: ПАО «ВымпелКом» or full name russian: ПАО «Вымпел-Коммуникации», ''PAO «Vympel-Kommunikatsii»'') is a Russian telecommunications company started in 1992 when its co-founders, Dr. Dmitry Zimin and Augie K. Fabela II came together to pioneer the Russian mobile industry. Augie Fabela, who was then a young entrepreneur from the US, and Dr. Zimin who was a Russian scientist in his 50s, together launched the Beeline brand. PJSC VimpelCom is the third-largest wireless and second-largest telecom operator in Russia. VimpelCom's main competitors in Russia are Mobile TeleSystems and MegaFon. PJSC VimpelCom's headquarters is located in Moscow. In 1996-2010, traded as . It is wholly owned by Veon. History The company was founded in 1992 in Moscow, Russia and initially operated AMPS/D-AMPS network in Moscow and Moscow Oblast. The brand "Beeline" was created in 1993. In 1996 OJSC VimpelCom became the first Russian company ...
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Moscow City Telephone Network
The Moscow City Telephone Network ( ) is a publicly held utility providing local telephone service to over 4,000,000 subscribers in the city of Moscow, Russia. Its Latin acronym is MGTS. History Founded in 1882, the Bell Telephone Company built a manually operated exchange with a capacity of 800 numbers and 26 households signed up. In two years the roll had increased to 3,000. In 1891, the Swedish-Danish-Russian Joint-Stock Company signed a contract to provide service to Moscow for 18 years. In 1994 the Moscow City Telephone Network was structured into a joint stock company. A majority stake is held by Mobile TeleSystems. In November 2013 it was reported that the company chose four suppliers of main and distribution of fiber optic cables for the development of optical fiber cables network until 2016 volume of purchases made more than 1 billion rubles. Earlier that month the company announced rebranding and new positioning of the company as a multi-service operator, to create a ...
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