The Meeting of Shareholders of Bashneft Approves Reorganization of the Company Through Consolidation of Bashneft-Invest With Bashneft
The Extraordinary Meeting of Shareholders of Bashneft held today by absentee voting made a decision on the reorganization of the Company through consolidation of CJSC Bashneft-Invest, which had been created through a spinoff from CJSC Sistema-Invest, with Bashneft. The Meeting of Shareholders established the procedure and set out the conditions for the consolidation and approved the Consolidation Agreement In accordance with the …
Reorganization of Bashneft Through the Merger of Bashneft and Bashneft-Invest
SOC Bashneft announces the launch of a corporate reorganization through a merger with CJSC Bashneft-Invest, a 100% subsidiary established as a result of the spin-off from CJSC Sistema-Invest. CJSC Sistema-Invest is owned by OJFC Sistema (50.6%) and JSOC Bashneft (49.4%) respectively, and at present holds a 25.2% stake in Bashneft’s …