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M&A: NK Neftisa completes acquisitions of shares in 11 companies

NK Neftisa has completed the acquisitions of shares in 11 petroleum companies, Neftisa informed.

In particular, NK Neftisa acquired 51% of the voting shares in JSC Udmurt Oil Company, 100% of the voting shares in JSC UNNC, 67.6% of the shares in JSC Ural Invest Oil Corporation, 77.9% of the shares in JSC Udmurtgeologia, 90% of Unitoil Limited, 90% of Komnedra JSC, 38.63% of JSC Belkamneft, 100% of Chedty Neft, 94.47% of OJSC Severnoe, 90% of the voting shares in CJSC Samararostopprom and 100% of the voting shares in OJSC Novosibirskneftegaz.

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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