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Announced

Rosneft to acquire a 37.5% stake in PCK Schwedt from Shell.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned54%
Capital Bid For38%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Germany

Single Bidder

Oil Refining and Marketing

Pending

Majority

Private

oil refinery

Acquisition

Friendly

Synopsis

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Rosneft, a company that produces and markets petroleum products, agreed to acquire a 37.5% stake in PCK Schwedt from Shell, an oil and chemical group. Financial terms weren't disclosed. “Increasing the share of PCK refinery is testament to the strategic importance of the German market for Rosneft. The company builds long-term relationships with its German partners, provides timely and uninterrupted crude supplies, and modernizes key refinery units," Igor Sechin, Rosneft CEO.

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