Sberbank and Rosneft have reached a preliminary agreement on the purchase of Sberbank's 35.33% stake in the Taas-Yuryakh project in East Siberia. Rosneft will pay US$444 million for the stake, a price that covers Sberbank's historical acquisition costs. Rosneft will join current stakeholders in the Taas-Yuryakh project that include Yakut Energy, Finfund Limited and Ashmore Investment.For Sberbank this deal was a good opportunity to recover its historical costs by selling one of ...
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Deal insight | Feb 2012
Rosneft acquires Sberbank interest in the Taas-Yuryakh project
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