One-Page Deal Sheet
Cub, Nafta International to Jointly Develop Ukrainian Uhzgorod License
Nafta International BV Cub Energy Inc.
Announced Date
July 11,2016
Effective Date
July 08,2016
Close Date
July 08,2016
Transaction Type
JV
Enterprise Value (EV)($MM)
2
Transaction Details: Subscribe to see
Cub Energy Inc. has entered into a share purchase agreement and Shareholders' Agreement with NAFTA INTERNATIONAL B.V., whereby NAFTA earns a 50% interest in the Company's newly formed subsidiary, CNG Holdings Netherlands B.V., which, in turn, owns CNG LLC (Ukraine LLC), 100% owner of the Uzhgorod production licence in western Ukraine.
Pursuant to the terms of the SPA, NAFTA is to:
Pay Cub EUR1.5 million (US $1.7 million) upon transfer of the 50% shares ("Closing"). The Closing occurred earlier today and the transfer of funds is expected to be completed by Monday, July 11, 2016; Fund a 100…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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