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Alliance Group and Alliance Oil Announce the Final Timetable with Respect to the Amalgamation Between Alford and Alliance Oil

The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group (together “Alliance Group”) and of Alliance Oil Company Ltd. (“Alliance Oil”) today announce that they have now received all the necessary antitrust clearances in Russia, Germany and Cyprus to complete the amalgamation between Alford Financial Ltd and Alliance …

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Alliance Oil: Refutes Charitable Activities Allegation

Social responsibility is one of the fundamental components of Alliance Oil Company. The Company has established clear and transparent mechanisms for selecting, approving and monitoring its social contributions on an ongoing basis. Alliance Oil and Alliance Group firmly refute any allegation of inappropriate behavior in relation to Alliance Oil’s charitable …

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Alliance Oil: Financial Figures – Q3 Profit up 54%, Annual Profits Halfed

In the third quarter of 2013, Alliance Oil Company demonstrated strong financial and operational performance. Crude oil and oil product prices increased and the average exchange rate of the RUB to the USD weakened compared to the previous quarter. Quarter ended 30 September 2013 — Revenue of MUSD 1,013.7, up …

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Clarification Regarding Alliance Group’s Potential Acquisition of Alliance Oil Company – Amalgamation Not Cash Deal

The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group (together “Alliance Group”) and Alliance Oil Company Ltd. hereby clarifies that the press release announced today, 31 October 2013 at 9.45 am CET regarding Alliance Group’s potential acquisition of AOC (the “Press Release”), is not a cash offer …

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Alliance Group launches recommended Cash Offer for Alliance Oil Company

The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group and Alliance Oil Company Ltd. today announce a recommended cash offer, pursuant to which Alliance Group, through its jointly owned subsidiary Alford Financial Ltd, would acquire all of the ordinary shares in AOC, represented by Swedish Depositary Receipts, …

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