Charity foundations Safmar and Sodeystviye implement a joint charitable program targeted at development of popular sports among the young people in Samara region.
During the IPO, shares of “RussNeft” will be available also for individuals.
During the IPO, up to 20% of “RussNeft” ordinary shares would be offered to investors by Cyprus Belyrian Holdings Ltd. Through this company the Gutseriev family controls 67% of ordinary shares of the oil company and 75% of its overall share capital. The rest belongs to Glencore.
After IPO at MOEX PJSC “RussNeft” intends to purchase three oil assets in Orenburg region from its major shareholder Mikhail Gutseriev. The deal value is $270 MLN and it exceeds the funds available on PJSC “RussNeft” accounts fivefold.