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  Oil Company "LUKOIL" REGISTER LOG IN

Press Releases > Oil Company "LUKOIL"  all about the company

company search
all press releases
all Oil Company "LUKOIL" press releases

Oil Company "LUKOIL"

December 2, 2016

LUKOIL concludes agreement to sell Grib diamond mine

 LUKOIL concluded an agreement to sell its 100% stake in JSC “ARKHANGELSKGEOLDOBYCHA” to “Otkritie Holding” Group for $1.45 bln in cash. The transaction is expected to close in the first quarter of 2017 subject to approval by the relevant government authorities. 

JSC “ARKHANGELSKGEOLDOBYCHA” develops V.P. Grib diamond mine located in Arkhangelsk region of Russia.

 “LUKOIL successfully developed a major diamond project from its very early stage and brought the Grib diamond mine to almost full capacity on time and within budget. Spinning-off of this non-core asset allows us to effectively monetize the significant shareholder value that we have created over the past five years,” said Alexander Matytsyn, Senior Vice President for Finance of LUKOIL. 

“The acquisition of a 100% stake in ARKHANGELSKGEOLDOBYCHA is a strategic investment in an attractive asset with potential for further development. This acquisition diversifies Otkritie’s range of business interests as the largest privately-owned financial company in Russia,” commented Dmitry Romaev, member of Otkritie Holding’s Board of Directors.

Note to editors: 

V.P. Grib diamond field was discovered in 1995 and has been actively developed since 2011. 

Goldman Sachs acted as exclusive financial advisor to LUKOIL.


Press Centre  PJSC "LUKOIL"
Phone.:+7 (495) 627-16-77 
E-mail: media@lukoil.com

https://www.lukoil.com
https://www.facebook.com/Lukoil.en
https://twitter.com/lukoilengl

 

 

 

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 H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer