print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Bashneft press releases

Bashneft

December 28, 2012

Bashneft sells its stake in LLC Financial Alliance

Bashneft has concluded a contract for the sale of its 50% stake in the authorized capital of LLC Financial Alliance (a professional rolling stock operator) to JSFC Sistema. The transaction was approved by Bashneft’s Board of Directors on December 20, 2012.

This transaction forms part of Bashneft’s strategy for the divestment of non-core assets, which is aimed at enhancing operational efficiency and promoting competition on the market in services provided to the Company in the sphere of railway transportation of oil and petroleum products.

The transaction value has been calculated based on the independent appraisal carried out by Ernst & Young and amounts to 3.41 billion roubles.

Bashneft acquired a stake in LLC Financial Alliance in August 2012 and transferred the railcar fleet comprising about 4,500 railcars owned by Bashneft Group to the company. Financial Alliance provides Bashneft with services in the sphere of railway transportation of oil and petroleum products on market terms.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer