Gazprom Neft Becomes Sole Shareholder of Sibir Energy
OREANDA-NEWS. February 15, 2011. On February 14, the Board of Directors of Sibir Energy adopted a resolution to reduce the company's share capital by 86.25 mln. shares (22.39%). Affiliated to the
Consequently, Gazprom Neft becomes a sole shareholder in Sibir Energy starting from February 15. TsTK will receive compensation for the previously held block of shares in Sibir Energy in the amount of USD 740 mln.
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Sibir Energy plc is a vertically integrated company with upstream operations in the West Siberia and downstream operations in
Sibir Energy owns a share in the Moscow Refinery and a network of 134 filling stations in
Gazprom Neft began to acquire shares in Sibir Energy in April
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