AFC Sistema appeal to FAS to acquire 49% in RussNeft, the company informed

17.02.2010 (11:49)

In 2009 BOD of AFC Sistema informed about the intention to acquire the minority in RussNeft (49%).

The latter is under sale from 2007. In 2010 the information about the return of RussNeft to M.Gutsiriev was published in the mass media.

RussNeft is included into the 10-list of largest oil companies in Russia.In 2007 14.2mln ton were gushed out; processing coming to 7.4mln ton. The total reserves exceed 630mln ton. The Company involves 21 production entities; 2 refineries, oil terminal in Bryansk reg. and 96 fuel stations in Orenburgsky reg.

The share capital is worth 100mln rub. split in 100ths common stocks of 1ths rub. par.

The IH net profit (RAS) rose 7.2% to 13.108bn rub. from 12.222bn rub. prior year; revenues moved down 36.2% to 50.542bn rub. from 79.159bn rub.; gross profit - 25.4% to 17.817bn rub. from 23.876bn rub.; profit from sales - 1.8 fold to 10.097bn rub. from 18.305bn rub.; pretax profit 8% to 15.365bn rub. from 16.723bn rub.

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