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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: Investcafe
Provider: Wright Reports

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NK Rosneft' OAO Consolidates TNK-Sheremetyevo-Interfax

Tuesday, 29 Oct 2013 06:11am EDT 

Interfax reported that NK Rosneft' OAO (Rosneft) acquired a 50% stake in TNK-Sheremetyevo LLC (TNK-Sheremetyevo) on September 30, 2013 for $300 million, raising its stake in the company to 100%, Rosneft said in its third quarter earnings report. TNK-Sheremetyevo owns 74.9% in CJSC TZK Sheremetyevo, which provides jet fuel sales, storage and fuelling services at Sheremetyevo International Airport in Moscow. Rosneft renamed TNK-Sheremetyevo to RN-Aero Sheremetyevo in October. As of September 30, 2013, Rosneft had not paid the consideration for the 50% stake, the report says.