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Name | Symbol | Market | Type |
---|---|---|---|
PJSC Lukoil (CE) | USOTC:LUKOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.96 | 0.00 | 01:00:00 |
By Jaime Llinares Taboada
Lukoil PJSC said Friday that it will acquire a 9.99% shareholding in the Shah Deniz natural-gas project offshore Azerbaijan from Petronas instead of the 15.5% stake previously announced.
The Russian energy company said the original deal was amended after negotiations with project partners on the implementation of pre-emptive rights.
As a result, the transaction value for Lukoil has been reduced to $1.45 billion from $2.25 billion.
The deal is expected to close in January.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
December 10, 2021 05:28 ET (10:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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