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Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00
Provider: Investcafe
$23.00
Provider: Investcafe
$23.00

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NK Rosneft' OAO launches final stage of RN Holding OAO consolidation-Interfax


Tuesday, 11 Mar 2014 12:49am EDT 

NK Rosneft' OAO:Rosneft has posted an offer to squeeze out remaining shareholders in RN Holding-Interfax.Rosneft acquired 96.5 pct of TNK-BP Holding, as RN Holding used to be known, in March 2013.It increased its ownership to 99.7 pct issued shares or 99.54 pct ordinary shares as the result of a recently completed voluntary offer.RN Holding said in a statement that the squeeze-out price was 67 Russian rubles for ordinary shares and 55 rubles for preferred shares, as in the voluntary offer. 

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