Mikhail Gutseriev goes on collecting oil assets
Edited by Rhod Mackenzie / 2013-11-21 09:50:40
Flowdale Investments Limited controlled by the President and the owner of Russneft Mikhail Gutseriev redeemed 14.9% of British Exillon Energy extracting oil at the deposits of Western Siberia and Timano-Pechora. Exillon Energy reports, purchase of 24.065 million of shares belonging to Swiss fund Worldview EHS International Master Fund amounted to about $68.6 million.
The source close to the transaction reported, Gutseriev will purchase more shares, though it remains unknown whether he will buy the controlling ownership of Exillon or consolidate the company.
