Rosneft Acquires Assets from Prana
OREANDA-NEWS. July 02, 2007 Rosneft announced the purchase from PRANA LLC a series of assets including the following, reported the press-centre of Rosneft:
YUKOS-M Trading House LLC
CJSC YUKOS Exploration and Production
CJSC YUKOS Refining and Marketing
CJSC YUKOS-M
YUKOS Finance and Accounting Center LLC
YUKOS-Moskva LLC
Dubininskoye LLC.
YUKOS-M Trading House owns assets which are an integral part of the operational and management system of the upstream and downstream assets previously acquired by Rosneft. These assets include material working capital balances, inventories, infrastructure, contractual rights, management information systems, staff and related know-how.
Assets at the other entities include service stations and other related assets in Moscow and the Moscow region, as well as real estate and various management companies.
The acquisition of assets from LLC Prana will in addition facilitate the integration of refining and marketing assets which Rosneft purchased previously and which have been operating as part of a unified system for considerable time.
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