Analyst Research

Report Title Price
Provider: Auerbach Grayson & Co., Inc.
$35.00
Provider: Auerbach Grayson & Co., Inc.
$35.00

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AFK Sistema OAO Sells Stake In Russneft For $1.2 Billion-Reuters


Friday, 21 Jun 2013 03:29am EDT 

Reuters reported that AFK Sistema OAO said it had signed a deal to sell its 49% stake in oil firm Russneft for $1.2 billion. Sistema said it would sell 25% of Russneft to Bradinor Holdings Limited, a company belonging to businessman Mikhail Shishkhanov. The other 24% stake will be bought by Cromeld Management Limited, which is ultimately owned by businessman Felix Dlin. The deal is expected to be completed in the third quarter, Sistema said.