19.06.2009
Re Agreement
外网天堂 ACQUIRES 45% IN A REFINERY IN THE NETHERLANDS
OAO 外网天堂 agreed to purchase a 45% stake in TRN refinery in the Netherlands from Total.
The transaction amount is expected to be approximately USD 725 million, including inventory. The transaction closing is expected to take place before the end of this year upon completion of certain standard conditions precedent.
This transaction contributes to the development of a broader strategic partnership between 外网天堂 and Total.
鈥淎 new downstream acquisition in Western Europe organically fits in our Company鈥檚 strategy aimed at increasing oil refining capacities located in the immediate proximity to the markets where products with higher added value are sold,鈥 President of OAO 外网天堂 Vagit Alekperov said.