Sunday, February 5, 2017

Khudainatov has denied information about the sale of PNC – RBC

00:46

Darya Punceva, Alina Fadeeva

Khudainatov has denied information about the sale of NNK

the Owner of NNK Eduard khudainatov

Photo by: Alexander Mudrats/TASS

the Former head of Rosneft Eduard khudainatov has denied RBC information of the “Statements” of intent to sell Independent oil and gas company (NOC)

the Owner of an Independent oil and gas company (NOC) Eduard khudainatov has denied information about the sale of the company. About a possible deal earlier reported by “Vedomosti” with reference to the counterparty of the company, Federal officials, and two people close to potential buyers.

“my Answer is officially: I never offered to sell my company,” said Khudainatov RBC.

According to the newspaper’s sources, the NOCS were for sale. Interest in the assets of the company showed “Tatneftegaz”, “Rosneft”, as well as Alex and Yuri Hotiny. According to another source, the deal may be interesting for foreign investors. In this publication failed to obtain comments from representatives of the “Tatneftegaz”, “Rosneft” and Hatinh.

the cost of the company, sources said. However, managing the GL Asset Management Sergey Vakhrameev, NOCS can cost about $ 4 billion.

Khudainatov, which in 2010-2012 was the President of “Rosneft” in 2013 established a NOC from scratch. In the fall of 2014 PNC acquired its greatest asset Alliance Oil from the family of Musa Bagaeva (the transaction amount was not disclosed) and started to buy up licenses for oil production. But her strategy was not recovered: from mid 2014 to January 2016, oil prices have fallen almost four times, reaching $ 27 per barrel. This greatly affected the finances of NNK, because most of its debt (in Alliance Oil — about $ 2.1 billion at the end of III quarter of 2016) are in dollars, and oil the company sells mainly in rubles. Debt exceeds EBITDA by almost six times.

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