The second attempt of Bashneft’s expansion in Tatarstan

The Moscow industrial magnates from JSFC “Systema” have found one more way to approach the fuel market of Tatarstan.

As it became known to “Business Online”, the Board of Directors of OJSC “Bashneft” has approved the deal on the acquisition of the structures of the Bashkir fuel trading group “Ufaoil-Optan”, including about 100 petrol stations in the Volga region and in the Urals. One of the structures of the group owns 4 petrol stations in Tatarstan.

In late April the Board of Directors of “Bashneft” held a meeting. One of the items on an agenda is the participation of Bashneft in other organizations and approval of the deals. The Board has asked to approve the deal of the company on an acquisition of a 100% share in the registered capital of “AZS-Saransk” LLC, “AZS-Ufa” LLC, CJSC “Helios” and 95% share in CJSC “Optan-AZS” and CJSC “Ural” (“Bashneft-Udmurtia” LLC is to get the remaining 5%).

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