Tatneft becomes owner of 100% in TANECO

Tatneft has become full-blown and sole owner of TANECO and consolidated almost all shares of Nizhnekamskneftekhim. This was reported by the press centre of Tatneft on March 30, 2016. 

According to the company, Tatneft paid 20 billion rubles for shares in TANECO and Nizhnekamskneftekhim. Tatneft acquired the assets prior to the upcoming privatization of state-owned shares. It should be noted that Tatarstan owned of 28.6% in Nizhnekamskneftekhim, 33.595% in Tatneft and 9% in TANECO.

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