Deal insight

Sistema sells its 49% stake in Russneft for a total consideration of US$3.7 billion

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Report summary

Sistema is selling its 49% stake in Russneft in a deal which sees Russneft's founder and director Mikhail Gutseriev re establish control over the company. Mikahil Gutseriev already holds 49% of Russneft and now two companies owned by Gutseriev associates will pick up 24% and 25% stakes. The equity stakes are being sold for a total of US$1.2 billion in cash though attributable net debt adds approximately US$2.5 billion to the deal value.Russneft has 24 production subsidiaries ...

What's included

This report contains

  • Document

    Sistema sells its 49% stake in Russneft for a total consideration of US$3.7 billion

    PDF 5.27 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Images

  • Location of Russneft assets
  • Location of Russneft assets in the Urals region

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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