Rus News Journal

The multinational corporation - VR has sold Siberian “ daughters “ to group of profile investors

the multinational corporation - VR has closed the transaction on sale 100 - a percentage share holding of Open Society “ novosibirskneftegaz “ and 71,09 - percentage Open Society “ Severnoeneftegaz “ it is told in the company message. Sale of the given shares corresponds to strategy on optimisation of a portfolio of actives of the company and increase of efficiency of investments on extraction barrel.
financial conditions and transaction details do not reveal. As the buyer the group of the profile foreign and Russian investors owning actives in the Russian oil and gas branch has acted. Thus as the exclusive financial adviser of the multinational corporation - VR under the transaction investment bank Morgan Stanley has acted.
Making comments on the given transaction, the executive vice-president of the multinational corporation - VR Michael Slobodin has explained that strategy of development of the company provides growth of key indicators and the balanced portfolio of actives providing an optimum level of return on the investment. “ such approach allows us to provide operational and the financial resources necessary for realisation of scale projects on working out of deposits in new oil and gas provinces of Russia “ - he has noted.
it is necessary to notice that earlier in some mass-media there was an informal information according to which the buyer of actives could become “ RussNeft “.
“ novosibirskneftegaz “ develops Top - the Tarsky oil deposit with taken stocks of oil and a condensate at a rate of 12,6 million t on categories ÀBC1. The enterprise also owns licences and develops other two sites in the Novosibirsk region - East - Tarsky and Maloichsky deposits with taken stocks in 1,8 million volume t on categories ABC1.
In 2007ã. Open Society “ the multinational corporation - VR Holding “ has got at Open Society “ RussNeft “ 66,16 % of actions in Open Society authorised capital stock “ Severnoeneftegaz “. The share of the belonging multinational corporations - VR Holding of voting actions as a result of the transaction then has made 87,91 %. “ RussNeft “ has received control over Open Society “ Severnoeneftegaz “ in the beginning 2004ã., having bought more than 66 % of the company at AFK “ System “.
the multinational corporation - VR - the third on size the Russian oil company which shareholders on a parity basis are VR and consortium AAR (“ the Alpha of groups “/ “ Aksess Indastriz “/ “ Renova “) . The multinational corporation - VR also owns about 50 % of the Russian oil and gas company of Open Society “ NGK “ Slavneft “. On a multinational corporation share - VR it is necessary about 18 % of volume of oil recovery in Russia (including a multinational corporation share - VR in the company in “ Slavneft “). By criteria SEC LOF (without period of validity of licences) the cumulative proved stocks of the consolidated branches of the company as of December, 31st 2011ã. Have made 9,115 mlrd barr. D.C.