• BIST 98.177
  • Altın 230,430
  • Dolar 5,8147
  • Euro 6,7408
  • İstanbul 20 °C
  • Ankara 23 °C

Project will be joint venture

Project will be joint venture
Rosneft President, Chairman of the Management Board Igor Sechin and Pietro Barbaro Group owner Giovanni Barbaro signed Heads of Agreement on acquisition of 95% share of Prime Shipping group of companies, engaged in transportation of oil and oil products b

The Heads of Agreement envisage that investor in the project will be a joint venture of Rosneft and Sberbank Merchant Banking (acting by Sberbank Investments LLC), which is a financial partner of Rosneft in the transaction, and raising debt capital from Sberbank of Russia for the execution of the transaction.

Pietro Barbaro Group has international practice in the river and sea transportation industry, and will remain the minority partner in Prime Shipping. Rothschild acts as a financial advisor of Pietro Barbaro Group on the transaction.

Commenting on the signing Rosneft President Igor Sechin said: ‘This transaction will allow Rosneft, as one of Prime Shipping shareholders, to expand and strengthen capacities of Rosneft in oil and oil-products river transportation industry and to assure efficient supply of products to the best sales routes. This transaction is also attractive for us from the financial side as a result of partnership with Sberbank.

 

http://turkishmaritime.com.tr

This news is a total 1157 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • TOTE Places Hawaii Plans on Hold27 January 2018 Saturday 12:18
  • Turkey's Yasa in for ultramaxes at NACKS28 November 2017 Tuesday 11:24
  • Rickmers Maritime revises debt restructuring plan22 September 2016 Thursday 08:39
  • Kleven to Build Up to Four Expedition Vessels for Hurtigruten25 April 2016 Monday 18:12
  • IMO Representatives Discussed Migrant Issues06 September 2015 Sunday 18:16
  • Golden Anchor Awards 201506 September 2015 Sunday 16:49
  • Asia Tankers-VLCC Rates Dropping15 August 2015 Saturday 12:44
  • USCG Increasing Arctic Presence14 August 2015 Friday 11:58
  • Fennica is on his way to Alaska06 August 2015 Thursday 12:21
  • Tidal Power in Alaska Villages04 August 2015 Tuesday 15:34
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |