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 …