RussNeft reduces its debt load to $ 2.3 billion by converting $ 3 billion into shares.
Edited by Rhod Mackenzie / 2015-11-23 07:13:21
"RussNeft" of Mikhail Gutseriev has reduced its debt load to $ 2.3 billion, by converting $ 3 billion of debt into shares, a source in the financial markets told Tass.
According to him, in October 2015 a series of transactions "for the restructuring and waiving of the debt" of "RussNeft" were held, as reflected in the decrease in the value of debt and the increase in net profit of the holding".
