LUKoil has won a tender to acquire 79.5% of the shares in Serbian Beopetrol
Published:
30 September 2003 y., Tuesday
LUKoil has won a tender to acquire 79.5% of the shares in Serbian Beopetrol. The LUKoil press service told Rosbalt that today representatives of LUKoil and the Serbian privatisation agency signed the corresponding papers today in Belgrad. The package of shares in Beopetrol acquired by LUKoil is valued at USD 133 million.
Moreover, according to terms of the deal, LUKoil takes on the obligation to invest USD 97 million in the development of Beopetrol over the course of the next five years. LUKoil also takes on the obligation to spend not less than USD 5.7 million on realizing social programs.
Beopetrol owns approximately 200 gas stations and eight oil storage facilities with a capacity of approximately 30 thousand cubic meters. In 2002 the company sold 390 thousand tonnes of gasoline. Beopetrol employs 1500 workers and controls approximately 20% of the Serbian retail gasoline market. In 2002 the company had a turnover of USD 277 million. In Eastern Europe and the Balkans, LUKoil owns two oil processing factories and also approximately 800 gas stations. In 2002 LUKoil sold 900 thousand tonnes of oil and gas products in Europe.
Šaltinis:
rosbaltnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »