Axar.az
UP
16 July 2018


Lukoil to sell diamond mine to Otrkritie

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Lukoil says concluded an agreement to sell its 100% stake in Arkhangelskgeoldobycha diamond mine to Otkritie Holding group for $1.45 billion in cash.

The transaction is expected to close in the first quarter of 2017 subject to approval by the relevant government authorities.

JSC “Arkhangelskgeoldobycha” develops V.P. Grib diamond mine located in Arkhangelsk region of Russia.

“Luloil successfully developed a major diamond project from its very early stage and brought the Grib diamond mine to almost full capacity on time and within budget. Spinning-off of this non-core asset allows us to effectively monetize the significant shareholder value that we have created over the past five years,” the Senior Vice President for Finance of Luloil, Alexander Matytsyn, said.

V.P. Grib diamond field was discovered in 1995 and has been actively developed since 2011.

Date
2016.12.02 / 15:36
Author
Axar.az
Comments
See also

Tehran files complaint against US

8 migrants suffocate inside shipping container in Libya

There will be no second referendum on Brexit

US Secretary of State and Russian FM hold meeting

Trump-Putin meeting starts in Helsinki

Iraqis protest at Siba gas field amid growing unrest

Over 100 FETO members brought back to Turkey

End of emergency rule not to deter anti-terror fight

Putin arrives in Helsinki for meeting with Trump

Federica Mogherini noted progress in Eastern Partnership’

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla