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Rosneft’s allocation in the ITERA’s authorised capital will reach 59 bln roubles

December 29, 2013, 1:11 UTC+3 MOSCOW
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MOSCOW, December 29, 0:15 /ITAR-TASS/. Russia’s oil major Rosneft made a decision to raise the authorised capital of its subsidiary, ITERA, Rosneft says in its statement.

Rosneft’s additional allocation in the ITERA’s authorised capital will reach 59,470,776,453 roubles (almost 1.8 billion U.S. dollars).

Proceeding from Itar-Tass earlier reports, this July, Rosneft consolidated the ITERA group through purchasing 49 percent of shares worth 2.9 billion U.S. dollars at the ITERA Holdings Limited.

ITERA is an international group of companies, which is one of the largest independent producers and traders of natural gas operating in the CIS and the Baltic States.

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