Thu, 3 April
21.1 C
Yerevan
USD: 391.32 RUB: 4.67 EUR: 432.53 GEL: 141.78 GBP: 514.27
spot_img

Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

YEREVAN, April 2. /ARКА/. Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

Yerevan-based Balchug Capital was founded by David Amaryan, who serves as its CEO and oversees all investment activities. According to Interfax, Russian President Vladimir Putin signed a decree on April 2, according to which Balchug Capital can buy shares of Gazprom, NOVATEK, Inter RAO UES, Rostelecom, Surgutneftegaz (ordinary and preferred), NLMK, Rosneft, Tatneft and LUKOIL from Goldman Sachs International. After that, Balchug Capital will be able to sell these securities without requesting additional permission from the authorities.

The document specifies the exact number of shares of each issuer to which the permission applies. These are small packages, the most notable of which is 0.12% of Gazprom with a market value of almost 4 billion rubles.

The share in NOVATEK is 0.025%, in Surgutneftegas — 0.0006% (from the authorized capital), in Tatneft — 0.0074%, in Rostelecom — 0.056%, in Inter RAO — 0.04%, in NLMK — 0.0039%, in LUKOIL — 0.01284%, in Rosneft — 0.00998%.

Balchug Capital, established in 2010, is engaged in business and management consulting, equity investments and venture capital. Baltschug specializes in long-term and short-term event-driven and value-oriented strategies, as well as private equity investments.

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img