Rus News Journal

MNPZ will leave minoritarii

Sibir Energy and Gazprom oil do not feel sorry for this purpose for money

Sibir Energy and Gazprom oil have suggested minority shareholders of the Moscow oil refining factory (MNPZ) to sell papers. The offer price is defined at level 4168,94 rbl. for the ordinary action. The corresponding offer has directed them the joint venture of companies Moscow NPZ Holdings B V. owning of 90,01 % of actions MNPZ, is told in the factory message. The price of actions offered by the companies is rather favourable, it on 29 % above the current prices of sale, and the majority minoritariev most likely with it will be tempted, experts consider.

in January Gazprom oil and MNGK, 100 - percentage affiliated company British Sibir Energy plc, have resolved disputes, concerning managements MNPZ. They have agreed that management of factory will be carried out on an equal footing, all decisions on the basic questions of development of the enterprise and to destination on key personnel positions will be accepted in common.

Moscow NPZ Holdings B V. has directed to minority shareholders of the enterprise the obligatory offer on the repayment of their papers at the price of 4168,9 rbl. for one ordinary action, it is told in the factory message. Thus, for 10 % of actions MPNZ Sibir Energy and Gazprom oil are ready to pay 2,44 mlrd rbl. As it was informed, for the repayment of actions minoritariev the partners supervising on 50 % of actions Moscow NPZ Holding, have brought on 1 million euro in a joint venture authorised capital stock. The offer has been directed minoritarijam on September, 25th. Shareholders MNPZ can accept the offer on the repayment of actions within 75 days. The obligatory guarantee was given by Gazprombank.

the price 4168,9 rbl. (161 dollars) for the ordinary action on 29 % above the Friday prices of sale (125 dollars) The analyst of YOKES " marks; Kapital Vitaly Krjukov. On Thursday the transaction final prices under ordinary actions Moscow NPZ passed 63 dollars, thereby factor of cost of ton of processing of capacity of factory at level is estimated at level 79 dollars, and it above, than the average estimation on the market, marks the expert.

as he said if after end of the repayment share Moscow NPZ Holdings B V. in voting actions Moscow NPZ exceeds 95 % the company can declare the compulsory repayment of papers at the price not below declared now. The joint venture intends to consolidate 100 % of ordinary actions of factory that corresponds to strategy of the company concerning development Moscow NPZ. It actually bezriskovaja the investment which will provide an increase in value of the invested capital on 29 % in nominal expression, or 159 % annual, speak g - n Hooks. Preference shares most likely while will not be redeemed.