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Gazprom Neft closed transaction to purchase 50 % of shares of Tomskneft

JSC Gazprom Neft declares the closing of transaction to purchase 50 % of shares of JSC Tomskneft VNK from JSC OC "Rosneft". Gazpromneftfinance LLC, a subsidiary of Gazprom Neft, was the buyer.

Acquisition was made as per the terms and conditions under which the co-owners of JSC Tomskneft make joint management decisions on the major issues of the development of the company and on turnover of the key staff.

On completion of the deal Gazprom Neft will include the results of the business activity of Tomskneft into its own statements under US GAAP standards, based on the principle of sharing.