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New Deal


Announced

Vitol and Mercantile & Maritime to acquire a 5% stake in Vostok Oil from Rosneft.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

energy company

Russian Federation

Friendly

Single Bidder

Cross Border

Acquisition

Pending

Minority

Private

Synopsis

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Vitol, an energy and commodity trading company, and Mercantile & Maritime, physical trading of oil and gas company, agreed to acquire a 5% stake in Vostok Oil, an oil company, from Rosneft, an integrated energy company. Financial terms were not disclosed. “Definitely, the project is interesting to the companies focused on feedstock supply, trading and logistics with an extensive client base and distribution channels around the world, those that consider the future need for ‘green’ oil supply,” Igor Sechin Rosneft CEO.

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