Tatneft completed the acquisition of Russian operations from Nokian Tyres for €400m.

Synopsis

Tatneft, a Russian vertically integrated oil and gas company, completed the acquisition of Russian operations from Nokian Tyres, a producer of tires, for €400m. Tatneft is the fifth largest oil company in Russia and the eighth largest listed company in Russia by market capitalization.

Principals

target

Nokian Tyres (russian Operations)

bidder

Tatneft Pjsc

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Market Context