April 11, 2014 12:04
Transneft spent 8.1 bln rubles on 10.5% of NCSP shares last autumn - report
MOSCOW. April 11 (Interfax) - Transneft (MOEX: TRNF) has disclosed the total amount the company spent last autumn in increasing its stake in OJSC Novorossiysk Commercial Sea Port (NCSP) (MOEX: NMTP), the Russian oil giant said in its yearly report published Friday.
Transneft bought 8.19% more ordinary stock in NCSP for 6.355 billion rubles in October. Additionally, the report says Transneft acquired 10.52% of NCSP in September-October for 8.104 billion rubles, boosting its effective stake in NCSP to 35.57% from 27.38%.
Based on the dollar's exchange rate as of autumn of last year, this totals around $250 million, meaning that Transneft spent less on the shares than the $300 million reported by the media at that time. This is not very significant though, Transneft President Nikolai Tokarev has said.
Tokarev said this was not the real price, and everything had been written by people who were offended. "It's necessary to divide what's in the paper by one and a half," he told journalists in October, commenting on the reported $300 million figure.
Tatneft said in its report that because of a significant decrease in the market value of NCSP shares as of the reporting date, and due to continuing decline after the reporting date, the group had impairment losses on the investment of 14 billion rubles.
(Our editorial staff can be reached at firstname.lastname@example.org)
March 24, 2017
Firefighter killed in fire at gunpowder plant in Kazan - Emergency Situations Ministry
Kazan gunpowder plant fire contained - source
One man killed, another hospitalized in critical condition after fire erupts at Kazan gunpowder plant - source
Russian justice ministry has no information on Syrian Kurdish party's activity in Russia
U.S.-Russian channels of communication on Syrian airspace working - Russian Defense Ministry (Part 2)
One man killed in fire at Kazan gunpowder plant - source
Emergency Situations Ministry confirms fire at Kazan gunpowder plant
U.S.-Russian channels of communication on Syrian airspace working - Russian Defense Ministry
U.S.-RUSSIAN CHANNELS OF COMMUNICATION ON SYRIAN AIRSPACE WORKING, MEASURES DISCUSSED TO STRENGTHEN FLIGHT SECURITY - RUSSIAN DEFENSE MINISTRY
RUSSIA, U.S.-LED COALITION IN SYRIA HAVE NO MAJOR AIR INCIDENTS - RUSSIAN DEFENSE MINISTRY
Moscow urges all partners to make possible contribution in demining of Syrian territory - Russian Deputy Permanent Representative to UN
U.S. intends to cooperate with Russia on Afghanistan despite refusal to attend Moscow conference - Department of State (Part 2)
Diplomats from "Normandy-format" countries minus Russia discuss implementation of Minsk agreements