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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Sistema
- Bradinor and Cromeld
- Oil & gas pricing and assumptions
Tables and charts
This report includes 9 images and tables including:
- Executive summary: Table 1
- Location of Russneft assets
- Location of Russneft assets in the Urals region
- 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
What's included
This report contains:
