On January 22, Rosneft will discuss Itera’s transactions
Edited by Rhod Mackenzie / 2014-01-20 10:09:55
Finance Oil and Gas Russia Mergers Shares Russia Oil and Gas Gazprom Novatek Production and Refining Rosneft
On January 22, Rosneft Board of Directors will define the company’s stand on execution of transactions costing within $ 50-500 million by Itera OGC. The agenda also includes discussion of the measures aimed to broadening of access of the minor and medium companies to purchases of the holding.
In July 2013, Rosneft completed the process of acquisition of Itera oil and gas company (OGC). It began in 2012 from the purchase of 49% from Itera Holdings Ltd for $2.9 billion. Rosneft closed the transaction for purchase of 51% in the company in August 2012.
