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M&A: NK Neftisa buys 77.86% of Udmurtgeologia shares

On June 5, OJSC NK Neftisa acquired 77.86% of the shares in JSC Udmurtgeologia, the company informed.

The transaction value was not disclosed in the statement.
It will be recalled that on August 20, 2013, RussNeft withdrew from the authorized capital of Udmurtgeologia, selling its 45.098% stake.

JSC Udmurtgeologia (tax number: 1835011614) unites business units and subsidiaries specializing in the drilling of deep wells and record holes, the oil production, the manufacture and overhaul of drilling facilities, the oil transport operations as well as geophysical and geochemical exploration of wells.

According to the DataCapital information retrieval system, net profit of Udmurtgeologia for January-June 2013 was RUB 15 million, revenue was RUB 41 million.

OJSC Neftyanaya kompaniya Neftisa (NK Neftisa, literally translated as Neftisa Oil Company, tax number: 7704685184) has been operating in the petroleum market since 2008. The company's activities cover several large regions of Russia including Tyumen region, Khanty-Mansi autonomous area - Yugra, the Volga federal district, the Komi Republic.

RAS net profit of OJSC NK Neftisa for 2013 went up 3.5 times to RUB 671 million from RUB 206 million the year before. The company's revenue grew by 52% to RUB 71.693 billion from RUB 47.295 billion.

"AK&M", 09.06.2014


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