Analysts say the merger is likely to raise the companies’ efficiency and cut independent producers’ expenses on oil and petroleum product transportation. Under the resolution, the government has contributed 100% of Transnefteprodukt‘s stock to Transneft‘s charter capital as payment for the pipeline monopoly’s newly-issued shares, the press office said. After the merger, expected to take five months, the government will hold at least 75% plus one share in the united company. (rian.ru)
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