Spectator on facebook

Spectator on facebook

Yukos confirms Transpetrol sale to Russneft

The Russian oil company Yukos has sold its 49 percent stake in Slovakia's oil transit company, Transpetrol, to the Russian firm Russneft for $103 million, the company said in a statement sent to The Slovak Spectator.

The sale contract was signed on February 4, and the deal is expected to be completed within 90 days since the new owner must first obtain a ruling from the PMÚ, the Slovak antitrust authority. If the PMÚ approves the deal, it can then be passed by the Economy Ministry.

"Our discussions with the Slovak government were very constructive over the past few months, and we agreed that the offer submitted by Russneft was in line with the interests of all parties involved," said Yukos President Steven Theede.

Yukos bought its stake in Transpetrol in 2002 for $74 million. The Slovak state still owns a 51 percent stake in the company.

Transpetrol currently employs 375 people.

Compiled by Beata Balogová from press reports. The Slovak Spectator cannot vouch for the accuracy of its flash postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

For a Decent Slovakia gatherings return to streets

Protests will be held in Bratislava, Košice, Prievidza, Poprad, and even Brussels.

What we didn't know about our freedom

In 1989, we thought that once the job was done, we would only go out to the squares for Sunday walks.

November 1989 in Bratislava

Bratislava gets a taste of international poetry Video

The international poetry festival Ars Poetica will host poetry readings and other performances at various sites in the city.

Camilla Nelson

UPDATED: Denník N: Danko is a plagiarist

The daily analysed the thesis identical to that of Parliament's Speaker Andrej Danko to find it was copied from textbooks. Danko does not plan to resign, he wants to wait for the stance of a special commission.

Speaker of Parliament Andrej Danko