Company Ukrtatnafta , which controls the largest in Ukraine Kremenchug refinery, sold at auction 18,3% of its shares. Winner of auction has become a firm Korsan sister group Privat Igor Kolomoyskogo. This acquisition allowed it to increase its share in Ukrtatnafta from 1,25 up to 19,5%. Placed on tender shares have been transferred to the issuer as a result of years of trials. Initially, they were issued in favor of American companies SeaGroup InternationalInc. and Swiss AmRuz Trading AG. In fact, they controlled the Russian co-sponsors Ukrtatnafta - Minzemimuschestva Tatarstan (owns 28% of its own shares) and the company Tatneft (8.6%).
But this year, Extra hozsud Ukraine admitted the purchase of securities offshore illegal. The point is that the action Ukrtatnafta has not been paid by American and Swiss institutions. According to the decision of the Poltava area Hozsuda 18.3% of shares were written off on account issuer - Ukrtatnafta. Then, the same court ordered the company to implement the package. Take part in the auction was entitled to a current shareholder of ZAO Ukrtatnafta. However, the largest shareholder Ukrtatnafta - NAK Naftogaz of Ukraine (43,1%) - was unable to participate in the auction.
Goskompaniya attempted to file an application, but it was rejected by auction committee. According to litsitatora, head of corporate law and equity Ukrtatnafta Igor Leshchenko to send the documents at the auction committee had a lot of comments. For this reason, the auction commission allowed Naftogaz to file a re-application until 26 June (the day before the auction). At this time, NAC has fulfilled all the requirements for its design, but made no deposit of $ 303.5 million hryvnia. An obstacle to this, as stated in the letter Naftogaz, transmitted by the auction committee, was that the funds for the purchase of shares and corporate rights are not provided finplanom goskompanii for the current year.
Tatar shareholders apply to participate in the auction had not filed. As explained in the source of Tatneft, first, the Russians considered the starting value of the lot (1.5 billion hryvnia) too high. Secondly, the company insisted on the illegality of the sale of shares prior to the completion of trials on the 18.3% stake in international courts. At the same time, auction committee chairman, acting Vice Chairman of the Board of Ukrtatnafta Valery Kornelyak stressed that the decision of the Supreme Court gives reasons for implementing the package. To date, these companies (SeaGroup InternationalInc. AmRuz and Trading AG), there is no reason to have a way to say that they are shareholders, - said Kornelyak.
Tatars and Naftogaz, without being able to participate in the auction, tried to block it. To do this, they filed a complaint on the decision of the Supreme Poltava hozsuda hozsud. However Kornelyak noted that the organization of the auction management Ukrtatnafta guided primarily by law of Ukraine on economic societies. It states that the issuer can not hold the outstanding shares in their accounts for more than a year. Thus, Korsan became the sole shareholder, admitted to the competition and had the necessary collateral. Auction Committee, Taking into account that the aim of the auction is to obtain the maximum profit in selling the package, the starting value of the lot increased from 1,5 to 2,1 billion hryvnia. The businessman Gennady Korban, representing bids Korsan, after a short reflection agreed to this condition.
Auctions little effect on the balance of power among the major shareholders' Ukrtatnafta:large blocks of reserved the Naftogaz of Ukraine - 43.05% stake in the property and the Ministry of Tatarstan - 28.78%. The first real deal with the shares of the Kremenchug JSC to evaluate the capitalization of the company. Statutory Fund Ukrtatnafta was formed in 1994-1995 in the amount of 350 million dollars. Two waves of inflation (1997-1998 years, and 2008 s) have left him some 97 million dollars. Proceeds from the sale of 18.3% stake in an amount of 2.1 billion hryvnia (U.S. $ 275 million) showed the capitalization of Ukrtatnafta to 1,5 billion dollars. Earned in this state, whose shares went up 15 times - from 45 to 648 million dollars.
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Inside bought 18% shares in Ukrtatnafta
Company Ukrtatnafta , which controls the largest in Ukraine Kremenchug refinery, sold at auction 18,3% of its shares. Winner of auction has become a firm Korsan sister group Privat Igor Kolomoyskogo. This acquisition allowed it to increase its share in Ukrtatnafta from 1,25 up to 19,5%. Placed on tender shares have been transferred to the issuer as a result of years of trials. Initially, they were issued in favor of American companies SeaGroup InternationalInc. and Swiss AmRuz Trading AG. In fact, they controlled the Russian co-sponsors Ukrtatnafta - Minzemimuschestva Tatarstan (owns 28% of its own shares) and the company Tatneft (8.6%).
But this year, Extra hozsud Ukraine admitted the purchase of securities offshore illegal. The point is that the action Ukrtatnafta has not been paid by American and Swiss institutions. According to the decision of the Poltava area Hozsuda 18.3% of shares were written off on account issuer - Ukrtatnafta. Then, the same court ordered the company to implement the package. Take part in the auction was entitled to a current shareholder of ZAO Ukrtatnafta. However, the largest shareholder Ukrtatnafta - NAK Naftogaz of Ukraine (43,1%) - was unable to participate in the auction.
Goskompaniya attempted to file an application, but it was rejected by auction committee. According to litsitatora, head of corporate law and equity Ukrtatnafta Igor Leshchenko to send the documents at the auction committee had a lot of comments. For this reason, the auction commission allowed Naftogaz to file a re-application until 26 June (the day before the auction). At this time, NAC has fulfilled all the requirements for its design, but made no deposit of $ 303.5 million hryvnia. An obstacle to this, as stated in the letter Naftogaz, transmitted by the auction committee, was that the funds for the purchase of shares and corporate rights are not provided finplanom goskompanii for the current year.
Tatar shareholders apply to participate in the auction had not filed. As explained in the source of Tatneft, first, the Russians considered the starting value of the lot (1.5 billion hryvnia) too high. Secondly, the company insisted on the illegality of the sale of shares prior to the completion of trials on the 18.3% stake in international courts. At the same time, auction committee chairman, acting Vice Chairman of the Board of Ukrtatnafta Valery Kornelyak stressed that the decision of the Supreme Court gives reasons for implementing the package. To date, these companies (SeaGroup InternationalInc. AmRuz and Trading AG), there is no reason to have a way to say that they are shareholders, - said Kornelyak.
Tatars and Naftogaz, without being able to participate in the auction, tried to block it. To do this, they filed a complaint on the decision of the Supreme Poltava hozsuda hozsud. However Kornelyak noted that the organization of the auction management Ukrtatnafta guided primarily by law of Ukraine on economic societies. It states that the issuer can not hold the outstanding shares in their accounts for more than a year. Thus, Korsan became the sole shareholder, admitted to the competition and had the necessary collateral. Auction Committee, Taking into account that the aim of the auction is to obtain the maximum profit in selling the package, the starting value of the lot increased from 1,5 to 2,1 billion hryvnia. The businessman Gennady Korban, representing bids Korsan, after a short reflection agreed to this condition.
Auctions little effect on the balance of power among the major shareholders' Ukrtatnafta:large blocks of reserved the Naftogaz of Ukraine - 43.05% stake in the property and the Ministry of Tatarstan - 28.78%. The first real deal with the shares of the Kremenchug JSC to evaluate the capitalization of the company. Statutory Fund Ukrtatnafta was formed in 1994-1995 in the amount of 350 million dollars. Two waves of inflation (1997-1998 years, and 2008 s) have left him some 97 million dollars. Proceeds from the sale of 18.3% stake in an amount of 2.1 billion hryvnia (U.S. $ 275 million) showed the capitalization of Ukrtatnafta to 1,5 billion dollars. Earned in this state, whose shares went up 15 times - from 45 to 648 million dollars.
Against the backdrop of rising prices on commodity exchanges, the leaders of today may become a growth stock commodity companies
Oil prices have reached their maximum values, and after opening in Russia will be under pressure
The next goal is the growth in the region of 1030-1050 points on the MICEX index
The only shareholder of Bank VTB North-West has decided to send 6 billion rubles of profit on development bank
United States: the successful rise against the backdrop of expected statistics and hope for a swift economic recovery
Week on the world stage: the political crises of the summer season
Poland agreed on the supply of gas from Qatar
World demandfor oil will not recover even 3-4 years
On the issue of gas loan Ukraine making progress