Rosneft and Beijing Gas Close the Deal for Sale and Purchase of 20% shares in Verkhnechonskneftegaz
Rosneft and Beijing Gas Group Company Limited (“Beijing Gas”) closed the deal for sale and purchase of 20% shares in Verkhnechonskneftegaz (a Rosneft subsidiary). The price of purchased 20% stake amounted to around USD 1.1bln. As a result of the transaction, the parties are going to create a vertically integrated …
Rosneft: Sells 20% of Verkhnechonskneftegaz to the Beijing Gas Group Company for $1.1bn
Rosneft and Beijing Gas Group Company Limited (hereinafter, “Beijing Gas”) signed a Purchase and Sale Agreement and a Shareholder and Operating Agreement for the sale of a 20% stake in Verkhnechonskneftegaz (a Rosneft subsidiary) to the Chinese company, an Agreement on the Area of Mutual Interest in respect of the …