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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Urals EN. | LSE:UEN | London | Ordinary Share | CY0107130912 | ORD USD0.126 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 7248W
Urals Energy Public Company Limited
03 August 2009
Urals Energy Public Company Limited
("Urals Energy" or the "Company")
Dulisma Divestiture
Urals Energy today announces the signing of the divestiture agreement with
Sberbank regarding the Company's wholly owned subsidiary ZAO NK Dulisma
("Dulisma").
Under the agreement Urals Energy is divesting 100% of Dulisma to OOO Sberbank
Capital, a wholly owned subsidiary of OAO Sberbank for the full discharge of
$130 million loan and partial discharge of a US$500million loan.
The Company continues to progress its work with Sberbank over the settlement of
the remaining portion of the US$500million loan in relation to the Company's
acquisition of the 35% stake in Taas Yuriakh which is subject to regulatory
clearances and certain third party actions. As announced on 24 July 2009, the
Company is also working towards the publication of the Annual Accounts and
appointment of a new Nominated Adviser.
Further announcements will be made in due course.
3 August, 2009
Enquiries:
Pelham +44(0)20 7337 1500
Mark Antelme
Evgeniy Chuikov
This information is provided by RNS
The company news service from the London Stock Exchange
END
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