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New Deal


Announced

Tatneft to acquire EkoPet for $89m.

Financials

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Transaction Value£62m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Russian Federation

Majority

Specialty Chemicals

Private

Pending

Single Bidder

Friendly

polyethylene terephthalate

Synopsis

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Tatneft, a Russian vertically integrated oil and gas company, agreed to acquire EkoPet, Russia's largest polyethylene terephthalate producer, for $89m. The acquisition of EkoPet will allow the most efficient implementation of the company's plans for the development of the petrochemical business and will contribute to the accomplishment of the Tatneft Group's goals to reduce greenhouse gas emissions along the entire value chain.

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