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“Vedomosti”. “Sistema” gets rid of its oil”.

11.10.2004

Moscow. JSC “RussNeft” closed the deal of buying oil producing assets of corporation “Sistema”. The deal includes 50% of shares of JSC “Ob’edinennaya neftyanaya companiya” (ONK, Moscow), JSC “Sistema-Neft” (Moscow), limited company “Consortium K-12” (Igevsk, Udmurtiya), limited company “Baykal-Oil” (Agidel, Bashkortostan).

Moscow. JSC “RussNeft” closed the deal of buying oil producing assets of corporation “Sistema”. The deal includes 50% of shares of JSC “Ob’edinennaya neftyanaya companiya” (ONK, Moscow), JSC “Sistema-Neft” (Moscow), limited company “Consortium K-12” (Igevsk, Udmurtiya), limited company “Baykal-Oil” (Agidel, Bashkortostan). The total value of the deal was $ 288,5 mln. Earlier the shareholders’ meeting of “RussNeft” approved the purchase from one of the off-shore companies – ONK’s shareholder – 100% of shares of limited company “Aspek-trust” for $100 mln. However, this company was not part of the deal.

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