Rosneft offers to buy Hermes-Moscow
Neft-Aktiv, in which Russian oil company Rosneft indirectly owns 100%, has announced an offer to buy the common shares in Hermes-Moscow the company said in a statement.
Neft-Aktiv acquired 82.8% of Hermes-Moscow during a Yukos bankruptcy auction. Hermes-Moscow owns 15 filling stations, including 13 in Moscow and two in Moscow region.
Hermes-Moscow received a binding offer from Neft-Aktiv to acquire the shares on July 13. The offer expires in 75 days. Banking guarantees for the offer were provided by International Moscow Bank. Hermes-Moscow should inform all its shareholders of the offer within 15 days. (petrolplaza.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.