One-Page Deal Sheet
Rosneft Acquires Itera O&G in $2.9B Deal
Rosneft Oil Company Itera Holdings Limited
Announced Date
July 02,2013
Close Date
July 02,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
2900
Transaction Details: Subscribe to see
Rosneft has acquired the remaining 49% stake in ITERA Oil and Gas Company LLC from Itera Holdings Limited for USD$2.9 billion.
As a result Rosneft increased its share in Itera Oil and Gas Company LLC to 100%.
Consolidation of ITERA Oil and Gas Company LLC improves business efficiency and creates new opportunities for its growth. It forms a stable platform for consistent implementation of Rosneft’s gas strategy aimed at gas production increase to 100 bcm per annum and transformation of Rosneft into the largest independent gas producer in the Russian Federation. Following the deal, Rosneft will…