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Segezha Group posts Q1 adjusted net profit of 3.67B Russian rubles, though company's Q1 net profit adjustments for finance expenses total 11.6B rubles; revenue doubles to 35.64B rubles from year-ago revenue of 18.22B rubles on higher sales, selling prices

Sistema-owned pulp, paper company Segezha Group says it is not affected by current UK sanctions imposed on Sistema founder, major shareholder Vladimir Evtushenkov, whose indirect control in Segezha is under 31%; company continues business as usual

Segezha contracts Bellmer to build unbleached greaseproof paper machine at group's paper mill in Sokol, Russia, coming online in 2023; order includes Turbo brand Jetter headbox, Former, Press, FilmSizer, Calender, Reeler, Transporter for roll transport

Sistema completes sale of 8.7% of ordinary shares in Segezha to Bonum Capital for US$150M; following transaction close, Sistema's stake in share capital of Segezha stands at 62.2%

Segezha buys out Sistema's 50% share in Segezha West Project, bringing Segezha's capital share in project to 100%; project is building a new pulp and paper industrial complex in Karelia, Russia, with cellulose production capacity of 1.5 million tons/year

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