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Tatneft' PAO (OAOFY.PK)

OAOFY.PK on OTC Markets Group

25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Tatneft increases its shareholding in Bank Zenit
Friday, 28 Oct 2016 03:01am EDT 

Tatneft : As a result of the mandatory offer carried out by Tatneft , Tatneft Group's stake in the share capital of Bank Zenit exceeded 50 pct . Will assess the need for Bank Zenit's consolidation into Tatneft Group's financial statements under IFRS beginning from the moment or recording title to the bank's shares following the mandatory offer .Tatneft's management believes that the probability of establishing control over the bank under IFRS and, accordingly, the potential for its consolidation are high.  Full Article

Russia's Tatneft Q2 net profit up 5 pct y/y
Friday, 26 Aug 2016 01:11am EDT 

Russia's Tatneft says: Q2 net profit attributable to shareholders at 30.89 billion roubles compared with 29.46 billion roubles a year earlier . Q2 revenue at 146.86 billion roubles compared with 144.45 billion roubles the previous year Further company coverage: [TATN.MM] (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com;)).  Full Article

Bank Zenit receives mandatory offer from Tatneft
Tuesday, 26 Jul 2016 02:10am EDT 

Bank Zenit : Says receives mandatory offer from Tatneft priced at 1 rouble per share .Says Tatneft own 49.04 percent of its ordinary shares.  Full Article

Tatneft raises stake in Bank Zenit
Wednesday, 29 Jun 2016 09:55am EDT 

Tatneft : Says acquired 6.7 billion shares under additional share issue of Bank Zenit and increased its stake in the bank to 48.88 percent . By end of November it will carry out mandatory offer procedure and the stake can exceed 50 percent ."Tatneft as a shareholder intends to pursue an active policy in respect of the bank's business development and strengthening of Zenit banking group position in the Russian financial market".  Full Article

Bank Zenit announces changes in shareholders structure
Tuesday, 28 Jun 2016 02:00am EDT 

Bank Zenit : Says Jackfield Trading Limited decreased its stake in company to 3.81 percent from 6.45 percent . Says Laverson Consultants decreased its stake in company to 3.81 percent from 6.45 percent; Rosemead Enterprises to 4.48 percent from 7.59 percent . Says Silener Management decreased its stake in company to 8.52 percent from 14.42 percent . Says Tatneft Oil AG, unit of Tatneft , decreased its stake in company to 14.51 percent from 24.56 percent . Syas Danikom acquired 5.31 percent stake in company .Says Tatneft acquired direct 34.28 percent stake in company under its additional share issue.  Full Article

FAS allows Tatneft to receive controlling stake in Bank Zenit
Tuesday, 10 May 2016 09:43am EDT 

Russia's Federal Antimonopoly Service (FAS): Says decided to approve Tatneft application for acquisition 36.401348171 pct voting shares of Bank Zenit .Together with shares held by its unit Tatneft Oil AG, Tatneft to have 51 pct of Bank Zenit voting shares.  Full Article

Moody's confirms Tatneft' OAO rating, outlook negative
Wednesday, 27 Apr 2016 08:00pm EDT 

Tatneft' OAO:Moody's confirms at Ba1 corporate family rating (CFRs) of Tatneft' OAO, outlook negative.  Full Article

Tatneft' OAO buys stake in Nizhnekamskneftekhim
Monday, 21 Mar 2016 05:00am EDT 

Tatneft' OAO:Tatneft says acquired 24.9 pct of Nizhnekamskneftekhim shares.  Full Article

Moody's confirms Tatneft' OAO at "Ba1", improves outlook to stable
Monday, 7 Dec 2015 09:01am EST 

Tatneft' OAO:Moody's confirms Tatneft' OAO at "Ba1", upgrades outlook to stable from negative.The action follows Moody's decision to change to stable from negative the outlook on the sub-sovereign rating of the Republic of Tatarstan, Tatneft's major shareholder on Dec 4, and reflects the stabilization of Russia's credit profile.  Full Article

Innovate, cut costs: how a Russian oil firm navigates global supply curbs

ALMYETYEVSK, Russia, Aug 9 A global deal cutting crude output has forced mid-sized Russian oil company Tatneft to curb flows at some fields, leaving it with lower revenues but little relief from maintenance and running costs. Its response: innovation.

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