Former head of Russian gas company Itera buys stake in New Stream
02/10/2017 14:52
MOSCOW, Oct 2 (Reuters) - Igor Makarov, the former head of
Russian gas company Itera, is wrapping up a deal to buy 50
percent of New Stream, the energy group said on Monday.
Russia's largest oil producer Rosneft ROSN.MM fully
acquired Itera, Russia's top gas exporter in the 1990s, around
four years ago.
Makarov, the head of the Areti group of companies, will be
appointed as chairman of New Stream Holding, whose main asset is
the Antipinsky oil refinery in the West Siberian city of Tyumen.
The deal could help New Stream cut its $2.5 billion debt,
Kommersant business daily reported, citing unnamed industry
sources.
New Stream's president Dmitry Mazurov will retain 50 percent
in the company.
New Stream will also take over the Afipsky refinery with an
annual capacity of 6 million tonnes, located in the region of
Krasnodar near the Black Sea. It did not disclose the details of
the deal.
(Reporting by Natalia Chumakova; writing by Vladimir Soldatkin;
editing by Louise Heavens; editing by Louise Heavens)
((vladimir.soldatkin@reuters.com; +7 495 775 12 42; Reuters
Messaging: vladimir.soldatkin.thomsonreuters.com@reuters.net))
Keywords: RUSSIA NEWSTREAM/DEALS