News
RUSSNEFT WANTS TO MAKE ITS IPO TRULY PUBLIC
During the IPO, shares of “RussNeft” will be available also for individuals.
During the IPO, up to 20% of “RussNeft” ordinary shares would be offered to investors by Cyprus Belyrian Holdings Ltd. Through this company the Gutseriev family controls 67% of ordinary shares of the oil company and 75% of its overall share capital. The rest belongs to Glencore.
PJSC “RUSSNEFT” WILL PURCHASE $270 MLN FORTEINVEST ASSETS AFTER IPO
After IPO at MOEX PJSC “RussNeft” intends to purchase three oil assets in Orenburg region from its major shareholder Mikhail Gutseriev. The deal value is $270 MLN and it exceeds the funds available on PJSC “RussNeft” accounts fivefold.
“RUSSNEFT” TO PLACE 20% OF ITS ORDINARY SHARES IN IPO
Moscow. During IPO “RussNeft” is going to float 20% of its ordinary shares, which amounts to 15% of equity.
PJSC “RUSSNEFT” INTENDS TO INCREASE PRODUCTION IN 1.4 TIMES UP TO 10 MLN TONS IN 2017-2019
Moscow. PJSC “RussNeft” intends to increase oil production from 7 to 10 mln tons in 2017-2019, acc.to development strategy of the Company.
SENIOR VICE-PRESIDENT FOR PRODUCTION NAMED THE PRESIDENT OF RUSSNEFT
RussNeft Senior Vice-President for Production was appointed new President of the Company, as transpires from the materials of the Board of Directors decisions.
“To elect Evgeny Viktorovich Tolochek the President of the Oil Company “RussNeft” since November 8th, 2016”, the company statement said.