In February 2017, RIA Rating released another rating of the hundred most expensive Russian companies. Their total capitalization for 2016 amounted to 635 billion dollars, which is 58% (233 billion dollars) higher than in 2015. At the same time, the cost of all Russian companies that made it into the top 100 corresponds to the capitalization of Apple alone ($ 630 billion). However, the potential of many companies is not revealed to the end and their shares in the market may still soar in price.
Top 10 most expensive public companies in Russia in 2017
10. VTB Bank
Capitalization - $ 15,827 million.
The main shareholders of this bank are government agencies - the Federal Property Management Agency and the Ministry of Finance of the Russian Federation. They own 60.9% of the voting shares. In terms of authorized capital, VTB Bank ranks first among the country's credit institutions, and second in terms of assets. In 2016, VTB Bank and Russian Post entered into an agreement on the establishment of Post Bank. Its head was Dmitry Rudenko, who intends to increase the bank's loan portfolio to 4 billion rubles by 2023.
9. Gazprom Neft
Capitalization - 16 888 million dollars.
The company was founded in 1995 by order of B. Yeltsin and was then called the Siberian Oil Company. In 2005, Gazprom acquired its controlling stake. Gazprom Neft was the first company to start producing oil on the Russian shelf of the Arctic. By 2020, the company plans to increase total oil production to 100 million tons of oil equivalent per year.
8. Magnet
Capitalization - 17,005 million dollars.
Almost all Russian cities are covered by a “magnetic” network. The total number of Magnit stores in July 2016 reached 12.9 thousand. The first of the “Magnets” was opened in 1998 in Krasnodar, and originally household chemicals were sold there. And the development of a chain of hypermarkets began in 2006. In 2007, the first of them was also opened in Krasnodar. Apparently, this is a happy city for Magnit owners.
7. Surgutneftegas
Capitalization - 18,217 million dollars.
The largest enterprise in Surgut and one of the largest players in the Russian oil market. For the entire 2016, Surgutneftegas produced 61 million 848.6 thousand tons of oil and produced 9 billion 663 million cubic meters of gas. A non-state pension fund under the brand of the same name has become one of the most profitable in the ranking of 2017.
6. MMC Norilsk Nickel
Capitalization - 26,201 million dollars.
The Russian mining and metallurgical giant, which produces 100% platinum in the Russian market, 96% nickel, 95% cobalt and 55% copper. MMC accounts for 1.9% of Russia's GDP. Vladimir Potanin, who holds the post of general director of Norilsk Nickel, at a meeting with Vladimir Putin said that he intends to invest about 1 trillion rubles in the development of production by 2023. This will allow the company to rejuvenate the capacities and make them the largest in the world.
5. NOVATEK
Capitalization - 39,220 million dollars.
It ranks second in Russia in terms of gas production. Together with companies such as Rosneft, Gazprombank and Vnesheconombank, it is on the US sanctions list. This means that NOVATEK cannot borrow on the American market for longer than three months.
4. LUKOIL
Capitalization - 48,076 million dollars.
Until 2007, LUKOIL was the leader in oil production in Russia, but then lost this title to Rosneft. In 2017, the company produced its first millionth ton of oil in the Caspian Sea, at the field named after V. Filanovsky. And in 2016, LUKOIL took the fourth place in the annual environmental performance rating of Russian oil and gas companies according to the World Wildlife Fund and the 2nd place in the rating of gas stations for gasoline quality.
3. Gazprom
Capitalization - 59,932 million dollars.
A corporation whose dreams come true takes third place in the list of the most expensive Russian companies in 2017. In her area of interest is not only exploration and production of gas, but also its transportation, storage and sale. From December 2013, Gazprom retained the right to export pipeline gas; until that time, the corporation had the right to export any gas from the Russian Federation.
2. Sberbank
Capitalization - 61,159 million dollars.
According to the Central Bank, Sberbank is the most reliable of the Russian banks in 2017. You don’t have to worry about the deposits placed there, the Central Bank is unlikely to withdraw the license from Sberbank in the foreseeable future. And in terms of accessibility, Sberbank is at the top of the podium — it has almost 17.5 thousand branches and 14 regional banks in 83 regions of Russia.
1. Rosneft Oil Company
Capitalization - 69 907 million dollars.
The controlling stake in Rosneft is owned by Rosneftegaz, and the executive director of the corporation is Igor Sechin. In 2016, the Glencore consortium and the Qatar Qatar Investment Authority fund acquired a 19.5% stake in Rosneft for 10.2 billion euros. However, Rosneft retains 50% + 1 share. Last year, Rosneft was mentioned in the press in connection with a loud arrest of the head of the Ministry of Economic Development Alexei Ulyukaev. He is suspected of threats and extortion of a bribe in the amount of two million dollars from a representative of Rosneft. In this amount, Ulyukaev assessed a positive assessment, allowing Rosneft to acquire a state-owned stake in Bashneft.
