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06/12/2013
17:57
M&A: M. Gutseriev may buy Exillon Energy

Hanberg Finance Ltd, controlled by RussNeft co-owner Mikhail Gutseriev is considering making an offer to purchase 85.1% of the shares in petroleum company Exillon Energy having assets in Russia, Exillon Energy informed.

Hanberg Finance Ltd currently owns a 14.9% stake in Exillon Energy. Therefore, M. Gutseriev may consolidate 100% of the petroleum company.

If the offer is made, the acquisition price will be at least 3 pounds sterling.

Exillon Energy Plc. Is an independent petroleum company whose shares are traded on the London Stock Exchange. The company produces hydrocarbons in the Komi Republic and Khanty-Mansi autonomous area - Yugra.


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