Bashneft: Statement of Court Share Ruling – 30 Days to Appeal
Today, the Moscow Commercial Court has upheld the claim of the Prosecutor General’s Office of the Russian Federation for the recovery of JSOC Bashneft’s shares owned by JSFC Sistema and CJSC Sistema-Invest in favor of the Russian Federation. This ruling has not come into force, and under the Russian legislation, …
Moscow Court Rules in Favour of Returning Bashneft Shares to State
The Moscow Arbitration court ruled on Thursday that shares in Bashneft owned by Russian conglomerate Sistema should be returned to the state after an “improper privatisation”. A Reuters correspondent at the court said the judge had ruled in favour of the General Prosecutor’s office, which argued that oil producer Bashneft …
Sistema: Vladimir Yevtushenkov’s House Arrest Extended to the 16th of November
A Moscow court ordered wealthy businessman Vladimir Yevtushenkov on Thursday to remain under house arrest until Nov. 16, sending shares in his company Sistema sharply lower in a case that has shocked Russia’s business community and unnerved investors reported Vladimir Soldatkin. * Yevtushenkov to stay under house arrest until Nov. …
Sistema: Vladimir Yevtushenkov's House Arrest Extended to the 16th of November
A Moscow court ordered wealthy businessman Vladimir Yevtushenkov on Thursday to remain under house arrest until Nov. 16, sending shares in his company Sistema sharply lower in a case that has shocked Russia’s business community and unnerved investors reported Vladimir Soldatkin. * Yevtushenkov to stay under house arrest until Nov. …
Sistema: Russian Court Seizes Shares due to “Significant Violations” of the Law
A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, over alleged violations in the oil firm’s sale reported Reuters. The court granted a request by the Russian prosecutor general’s office, which said on Friday it had …
Sistema: Russian Court Seizes Shares due to "Significant Violations" of the Law
A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, over alleged violations in the oil firm’s sale reported Reuters. The court granted a request by the Russian prosecutor general’s office, which said on Friday it had …
Sistema: Fails to Complete United Petrochemical Company Acquisition
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that the acquisition of a 98% stake in OJSC United Petrochemical Company (“UPC”) from the Group’s subsidiary JSOC Bashneft has not been completed. Bashneft retains ownership of UPC.
Bashneft: Board Submits Deals to EGM for Approvals
At its latest meeting held on September 23, 2014, JSOC Bashneft’s Board of Directors decided to submit a number of related-party transactions to the Extraordinary General Meeting of Shareholders of the Company for review on October 15, 2014 Thus, it was suggested that the Meeting of Shareholders should approve a …
Bashneft: Oleg Mikhaylov Steps down
JSOC Bashneft’s Board of Directors has accepted the resignation of Oleg Mikhaylov, Vice President for Oil and Gas Production, from the Management Board, as Mr. Mikhaylov has decided to leave the Company for family reasons. «We greatly regret that Oleg Mikhaylov is leaving the Company. He has made a significant …
Bashneft: Wins Leonovskiy Subsoil Area at Bashkortostan Auction
At an auction for the right to conduct geological exploration, prospecting and production of hydrocarbons held on September 23 by the Department of Subsoil Use of the Volga Federal District (Privolzhsknedra), Bashneft won the rights to the Leonovskiy subsoil area. Bashneft will make a one-time payment of 28.3 million roubles …