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21/08/2014
12:08
M&A: Gazprom Neft-Khantos takes over Magma Oil Company

Gazpromneft-Khantos LLC has completed a restructuring through the takeover of Magma Oil Company LLC and Zamorskaya Kompaniya LLC, according to a statement by Gazprom which controls these companies.

It will be recalled that in 2012, Gazprom Neft acquired 100% of the shares in Magma Oil Company from Visini Holdings Limited. In money terms, the transaction amounted to RUB 11.151 billion.

Magma Oil Company (Nizhnevartovsk, Tyumen region) is developing the Yuzhnoye and Orekhovskoye fields. In 2012, the company produced ca. 0.5 million tonnes of oil.

Zamorskaya Kompaniya LLC registered in Moscow provides intermediary, consulting and representation services.

JSC Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion represented by 23,673,512,900 common shares at par value of 5 rubles. The Russian Federation is Gazproms controlling shareholder. In 2013, Gazprom increased gas production by 400 million cubic meters to 487.4 bcm.

IFRS net profit of Gazprom for 2013 attributable to the company's shareholders decreased by 7% to RUB 1.139 trillion from RUB 1.224 trillion the year before. Sales revenue grew by 10.1% to RUB 5.249 trillion from RUB 4.767 trillion the year before.

According to the DataCapital information retrieval system, RAS net profit of Gazprom for 2013 went up 12% to RUB 628.311 billion. Revenue increased by 7.5% to RUB 3.933 trillion from RUB 3.659 billion, revenue from gas sales to RUB 2.917 billion from RUB 2.799 billion, sales profit to RUB 962 billion from RUB 993 billion.

RAS net profit of JSC Gazprom for H1 2014 fell by 38% to RUB 154.989 billion from RUB 250.144 billion for the same period in 2013. Revenue increased by 9.9% to RUB 2.112 trillion from RUB 1.921 trillion, gas sales revenue by 9.6% to RUB 1.569 trillion from RUB 1.432 trillion.




"AK&M", 21.08.2014

 

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