Russia's Federal Antimonopoly Service granted the application of VTB Pension Administrator LLC for the acquisition of 100% of the voting shares in OJSC Yangpur Oil Company, Joint-Stock Oil Company Kondaneft and OJSC Tekhneftinvest Oil Company, as well as 100% of Salymneft LLC, the regulatory body informed.
OJSC Yangpur Oil Company, Joint-Stock Oil Company Kondaneft and OJSC Tekhneftinvest Oil Company produce oil in Khanty-Mansi autonomous area - Yugra. Tekhneftinvest's core assets are seven blocks in Yamalo-Nenets autonomous area and Khanty-Mansi autonomous area - Yugra.
It will be recalled that in March 2013, Rockefeller Oil Company plc, one of the companies owned by Steven Clark Rockefeller (a sixth-generation member of the Rockefeller family), signed an agreement for the acquisition from VTB of 100% in petroleum company TNI Group (OJSC Tekhneftinvest), as reported by the Kommersant. The deal was reportedly incomplete at that time, its value was estimated at $1 billion.
VTB Pension Administrator LLC is a subsidiary of JSC VTB Bank.
JSC VTB Bank (tax number: 7702070139) ranks second largest Russian bank after Sberbank in terms of assets. The state's share in its authorized capital is 75.5%. In Russia, VTB Group performs banking operations through one parent bank (VTB Bank) and six subsidiary banks (the largest of them being VTB 24, the Bank of Moscow and TransCreditBank). Outside of Russia, the group performs operations through 15 affiliated banks located in the CIS countries (Armenia, Ukraine (2 banks), Belarus (2 banks), Kazakhstan and Azerbaijan), in Europe (Austria, Cyprus, Germany, France, the UK, and Serbia), Africa (Georgia, Angola) and through two representative offices located in Italy and China, through its branches in China and India and through two VTB Capital Plc. branches in Singapore and Dubai.
IFRS net profit of JSC VTB Bank for 2012 grew by 0.1% to RUB 90.6 billion. Net interest margin for the accounting period increased by 8.4% to RUB 227 billion. Operating profit of VTB before provisions increased by 28.9% to RUB 369.5 billion.
IFRS net profit of VTB Bank for Q1 2013 decreased by 32.6% to RUB 15.7 billion from RUB 23.3 billion for the same period in 2012. Net interest margin increased by 36.7% to RUB 73.8 billion from RUB 54 billion for Q1 2012. Net fee and commission income increased by 11.7% to RUB 11.5 billion from RUB 10.3 billion.
AK&M "M&A Market"
"AK&M", 04.10.2013 12:46