Lukoil share capital boost for Ploiesti refinery
February 2011 - From the Print Edition
Petrotel-Lukoil’s refinery in Ploiesti, controlled by Russian oil group Lukoil, will increase its share capital by 137 million Euro from 58 million Euro to 195 million Euros, to cover losses and ensure conditions for continuous activity. The company is issuing 23.2 million shares with an issue size of 5.89 Euro. The refinery is controlled by Lukoil Europe Holdings, registered in Holland, which has a shareholding of 94.6 per cent. Besides the refinery in Ploiesti, Lukoil Group has a network of over 300 petrol stations in Romania.
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