Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

All news

ARCHIVE NEWS

«    November 2017    »
MonTueWedThuFriSatSun
 12345
6789101112
13141516171819
20212223242526
27282930 

Lukoil sells its diamond business for $1,45 billion

logo russianconstruction.com
Lukoil sells its diamond business for $1,45 billion

Arkhangelskgeoldobycha JSC, a Lukoil’s diamond-mining subsidiary, will be sold to Otkrytiye Holding Group for $1,45 billion, Interfax reports on Friday.


Lukoil concluded an agreement on sale of 100% of its stakes in diamond-mining company Arkhangelskgeoldobycha JSC. The price of transaction will be $1,45 billion, the press release of Lukoil says.

The deal closure is scheduled for the first quarter of 2017, after the approval of two governmental bodies is received.

According to the chief vice president of Lukoil, Alexander Matytsyn, the deal will allow the company to efficiently motenize a significant volume of shareholder value, which has been created over the course of the last five years.

Related publications

PARTNERS

UP