Russian President Vladimir Putin allowed Lukoil to complete a transaction to acquire shares of energy company EL5-Energo, owned by UROC Limited. The relevant order was published on: official legal information portal.
According to the document, Lukoil is allowed to complete the acquisition of “2,618,132,410 ordinary shares of the public joint-stock company EL5-Energo, owned by UROC LIMITED.”
Thus, Lukoil was allowed to acquire UROC’s 7.4% stake in EL5-Energo.
According to EL5-Energo, Lukoil owns 56.44% of the company. Thus, the oil company’s share may increase to 63.84 percent.
Before that, again in Bulgaria requested Abandoning Russian oil from the Lukoil plant.
Previously “socialbites.ca” saidWhether Russia is taking advantage of the global oil shortage.