in this issue
People & Business :: M&A
Russia's Bashneft sells petrochemical assets to Sistema for about $192 million
2:10 PM MDT | September 18, 2013 | Francinia Protti-Alvarez
Bashneft (Moscow) has sold its 98% stake in the authorized share capital of United Petrochemical Co. (UPC; Moscow) to JSFC Sistema (Moscow), Bashneft has announced. The transaction forms part of Bashneft’s strategy to divest noncore assets. The transaction value, 6.2 billion Russian rubles ($191.9 million), was determined by an independent appraisal made by a leading audit firm. The transaction was approved at an extraordinary meeting of Bashneft shareholders on 26 August. Shareholders also approved a contract for the sale of up to 1.1 million m.t. of...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee