The Swiss company has become a co-owner of the Ukrainian business Rosneft

The Swiss company has become a co-owner of the Ukrainian business Rosneft

29.12.2016 News

The Swiss company Glusco Energy S.A. received the permission from the Antimonopoly Committee of Ukraine for the acquisition of a 50% stake in Rosneft Management Company Ltd and Fargrade Ltd. It became known from the information posted on the official website of the Ukrainian regulator. The cost of the transaction was not disclosed.

Registered in Cyprus Rosneft Management Company Ltd and Fargrade Ltd. are the owners of the private joint-stock company Lynyk, which, in turn, belongs to one of the youngest oil processing enterprises in Ukraine – Lysychanskyi (Luhansk region). In addition, the companies are also co-owners of 141 Ukrainian gas station Rosneft, operating under the trading brands of the Formula, Smile, TNC and the Golden Cheetah.

Antimonopoly Committee of Ukraine previously rejected a request Glusco Energy S.A. to sign a contract with the shareholders of Rosneft Management Company Ltd and Fargrade Ltd. At this point, the Swiss company is the owner of a controlling stake in the aforementioned companies.

Also read: Will russian gas line TogliattiAzot be built by passing Ukraine?

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