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ANK Bashneft' OAO completes acquisition of Promenergoresurs


Tuesday, 18 Mar 2014 08:00pm EDT 

ANK Bashneft' OAO:Completes acquisition of 100 pct stake in LLC Promenergoresurs, which owns five filling stations operating under the Red Oil brand name and seven land plots located in Magnitogorsk.LLC Promenergoresurs is operator on the retail motor fuel market in Magnitogorsk, operating about 7 pct of all filling stations in the city.Prior to the acquisition of the Red Oil network of filling stations, Bashneft had sold fuel products in the Chelyabinsk Region via 46 filling stations of its partners, none of which operate in Magnitogorsk itself.Currently, Bashneft’s retail network comprises 490 filling stations in the Republic of Bashkortostan, the Udmurt Republic, the Orenburg, Sverdlovsk, Kurgan, Smolensk, Saratov and Chelyabinsk Regions, as well as 279 partner filling stations in 18 regions of Russia. 

Company Quote

10.26
0.08 +0.79%
17 Jul 2014