30.04.2009
Re Akpet Deal
歐洲冠軍聯賽賽程 PAYS SECOND TRANCHE FOR AKPET
歐洲冠軍聯賽賽程 EURASIA PETROL A.S. (a 100% subsidiary of OAO 歐洲冠軍聯賽賽程) paid the second tranche which amounted to USD 150 million for the shares of the Turkish company Akpet.
The payment was made from 歐洲冠軍聯賽賽程 Group鈥檚 own resources.
Previous reports suggested that 歐洲冠軍聯賽賽程 EURASIA PETROL A.S. had acquired 100% of Akpet's shares in November 2008 for USD 555 million. The parties of the transaction reached an agreement on progress payment for the acquisition on terms of interest-free installments.
Payment of the first tranche in the amount of USD 250 million was made on November 24, 2008. Under the agreement, payment of the second and third tranches shall be made by April 30 and October 30, 2009, respectively.
The assets of the Turkish company, inter alia, include about 700 filling stations, an extensive terminal infrastructure with the capacity of over 300 thousand cubic meters and an engine oil manufacturing and packaging plant.
At present, the total number of the filling stations owned by 歐洲冠軍聯賽賽程 EURASIA PETROL A.S. in Turkey is over 770.