LUKOIL COMPLETES THE SALE OF DIAMOND BUSINESS
Thursday, May 25, 2017
LUKOIL completes the sale of its 100% stake in JSC 'ARKHANGELSKGEOLDOBYCHA' to LLC 'Otkritie Industrial Investments' (Otkritie Group).
The amount of the transaction totaled $1.45 bln paid in Russian rubles.
'ARKHANGELSKGEOLDOBYCHA' develops V.P. Grib diamond mine located in Arkhangelsk region of Russia. V.P. Grib diamond field was discovered in 1995 and has been actively developed since 2011. Goldman Sachs acted as exclusive financial advisor to LUKOIL.
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OAO Lukoil published this content on 25 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 May 2017 10:45:26 UTC.
Original documenthttp://www.lukoil.ru/en/PressCenter/Pressreleases/Pressrelease?rid=118780
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