Renova will invest 15-20% of funds raised in sales of its shareholding in BP-TNK to KES-Holding
Edited by Rhod Mackenzie / 2013-04-04 10:43:04
Renova Group will invest 15-20% of funds raised in sales of its shareholding in BP-TNK to KES-Holding, the co-owner of the Group V. Vekselberg says. He hopes that this investment will recoup itself within a sensible period of time. In his opinion, for the energy sector, the recoupment threshold of 6-8 years is quite sensible. He emphasizes that investment to the sector is compensated now at the expense of such an instrument as incremental capacity agreements. The program has been admitted in time and properly.
