Unitex to sell Yukos retail assets to Rosneft
Published June 27th, 2007
Neft-Aktiv, a wholly-owned subsidiary of Russian state-controlled oil major Rosneft, has signed an agreement to purchase the oil retailers that were earlier bought by Russian company Unitex from bankrupt oil company Yukos, Rosneft said in a press release Tuesday.
Rosneft has agreed to pay 16.324 billion rubles for the assets.
Unitex bought 495 retail stations and neighboring product terminals at an auction in May, offering 12.463 billion rubles for the lot.
In particular, the lot included 100% stakes in oil product sales companies Belgorodnefteprodukt, Bryansknefteprodukt, Voronezhnefteprodukt, Lipetsknefteprodukt, Oryolnefteprodukt, Penzanefteprodukt, Tambovnefteprodukt, Ulyanovsknefteprodukt and stakes in 21 other Yukos subsidiaries.
Neft-Aktiv has also signed an agreement with Yukos’ receiver Eduard Rebgun to buy the ninth lot of Yukos’ assets for 4.90 billion rubles, which included over 100 gasoline filling stations in the south of Russia, Rosneft said. Russia’s Promregion Holding won the ninth auction for Yukos’ assets in May, offering 4.9 billion rubles for the assets. However, Russia’s Federal Antimonopoly Service refused to approve the purchase.
The assets auctioned in the ninth auction included a 100% stake in Shatsky Val, which holds an exploration license for the Zapodno-Chernomorskaya Ploshchad oil block on the Black Sea shelf, a 49.89% stake in Caspian Oil Company, a 100% stake in oil product company Stavropolnefteprodukt, a 51% stake in little-known company Yu-Kuban, stakes in electric power utility Kubanenergo, electric power supply company Kubanskaya, Kuban Generating Company and Kuban Mainline Grids.
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