Supreme Economic Court of Ukraine confirmed the legality of sales 18,296% shares of CJSC Ukrtatnafta (Kremenchug NPZ, the Poltava region.) Ltd. Korsan.
As told Interfax-Ukraine , the Acting Deputy Chairman of the Board of Ukrtatnafta of Legal Affairs Valery Kornelyak, such a decision the court took the day before.
He also said that Ukrtatnafta about two weeks ago, appealed to the Arbitration Court of Tatarstan of the bailiffs at the auction for the sale of the company 73.92% of the company Tatnefteprom (Russia), ensuring thus the abolition of the results. According to him, the date of the hearing of this case has not yet been appointed.
As reported, Economic Court of Poltava region on Sept. 3 refused Naftogaz Ukraine to meet its claim for recognition of the illegality of sales 18,296% shares of CJSC Ukrtatnafta LLC Korsan. Naftogaz, the suit pointed out that the auction of 18,296% of shares of Ukrtatnafta June 27th place, despite the determination of the Supreme Economic Court on 18 June, which was suspended a lower court ruling on the duty of Ukrtatnafta implement these actions.
sells its stake owned by the American Seagroup International and Swiss Amruz Trading, close to the OAO Tatneft (RF). The Ukrainian side a few years challenged the legality of the transfer of 18,296% of shares of Ukrtatnafta these companies, and in 2008 made relevant judicial decisions. Then, the claim related to the group Privat company Korsan, the court ordered Ukrtatnafta implement the package to its shareholders.
the auction was allowed only one company - Korsan. NAK Naftogaz of Ukraine informed that it is impossible to transfer a deposit of $ 303.5 million UAH, which provides terms and conditions of the auction, and the remaining shareholders, who were invited refused to participate. Thus in Tatneft auction called illegal.
LLC Korsan, in early July, listed a Ukrtatnafta UAH 2.1 billion for the purchased shares and increased its stake in the company up to 19,449%. Co-owner of Privat Group Igor Kolomoysky in late August, said in the press that the purchasesof shares of Ukrtatnafta was legitimate and not contested by the other shareholders of the company.
At the lawsuits challenging the property rights of Tatarstan shareholders in Ukrtatnafta not ended. The Supreme Economic Court of Ukraine on August 25 upheld the decision of Economic Court of Poltava region invalidated its acquisition of Tatarstan 28.7788% stake Ukratatnafty. Tatar party filed a cassation to the Supreme Court of Ukraine on this decision.
Besides
Ukrtatnafta appealed to the Economic Court of Poltava legality of the purchase 8.6% stake in Tatneft. The reason for filing a lawsuit, according to the Ukrainian company, had violated the treaty by Russia's sale of 8.6% equity stake, according to which Tatneft should have been made to the charter capital of Ukrtatnafta oil deposits rather than money. Court issued a decision to initiate the case in early September, and the next trial to be held on October 20.
In turn, Tatneft in connection with the conflict over Ukrtatnafta filed a lawsuit in Ukraine in an international arbitration claims with a total $ 2.4 billion
addition to a small Tatarstan company ZAO Aloil (g.Bavly, Tatarstan) acquired on 11 September this year at auction 73.92% of shares Tatnefteprom (Almetyevsk, Tatarstan). This package was under arrest as an interim measure in case the recovery from Ukrtatnafta debt for delivered in 2007 in favor of oil OOO Suvar-Kazan, in which the court in August 2008 ordered the Kremenchug refinery to pay a debt of $ 2, 46 billion hryvnia ($ 307 million at current rates).
ZAO Ukrtatnafta established in accordance with the Presidential Decree, and Tatarstan in 1994 on the basis of the Kremenchug refinery, capacity of which are designed to process up to 18.6 million tons of raw materials per year. Currently, the largest shareholders of the company are Naftogaz of Ukraine - 43.054% stake, the Ministry of Property of Tatarstan - 28.7788% and Tatneft - 8,61%.
JSC Tatnefteprom founded in 1995 on the basis of the Tatar industrial association for the extraction and processing of oil, is currently one of the largest small oil companies of Tatarstan.
ZAO Aloil was established in 1997, has a license for geological exploration and production of oil and gas deposits Alekseevskogo. The company provides services OGPD Bavlyneft OAO Tatneft to promote enhanced oil recovery.
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