"Tatneft" buys petrochemical assets 2 times cheaper than the market.
Edited by Rhod Mackenzie / 2016-03-31 06:23:03
Finance Oil and Gas Refining Russia Petrochemicals PolymerUpdate Financial results Shares Russia Oil and Gas Production and Refining Tatneft
It got a quarter of "Nizhnekamskneftekhim" package, and 9% of "TANECO" for 20 billion roubles.
"Tatneft" has acquired 24.99% of the ordinary shares of "Nizhnekamskneftekhim" and 9% of "TANECO" for 20 billion roubles, as described in the section "Subsequent Events" in the report of "Tatneft" under RAS for 2015. In early February the government of Tatarstan included these shares into the privatization plan. On March 18 the oil company announced the purchase of 9% in "TANECO" (before that it was 91%), and entered into the capital of "Nizhnekamskneftekhim".