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Rosneft closes acquisition of 16.67% share in PCK Raffinerie GmbH from Total


Published Dec 3, 2015
Rosneft-4

Rosneft and Total have closed the sale and purchase transaction concerning the 66.67% share in AET-Raffineriebeteiligungsgesellschaft mbH, representing a 16.67% effective share in PCK Raffinerie GmbH (Germany).

The deal represents a natural element of Rosneft strategy aimed at strengthening its presence in the key European market, one step further along the added value chain.

Together with the ongoing reorganization of Ruhr Oel GmbH, the acquisition of 16.67% effective share in PCK Raffinerie GmbH will allow Rosneft to reinforce its position in the Berlin/Brandenburg area, creating additional synergies for the Company, thanks to direct crude oil supplies via the Druzhba pipeline.

Tags: Rosneft, Total




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