Rosneft buys Armenian Petrol Market for $40 million

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25.11.2015, 15:55

Russian giant Rosneft has acquired the Petrol Market, a network of petrol filling stations in Armenia for $40 million (2.7 billion Russian rubles), Tass reported.

Rosneft buys Armenian Petrol Market for $40 million

YEREVAN, November 25. /ARKA/. Russian giant Rosneft has acquired the Petrol Market, a network of petrol filling stations in Armenia for $40 million (2.7 billion Russian rubles), Tass reported.

The deal was finalized in August 2015. Petrol Market owns a chain of filling stations and tank farms in Armenia.

Rosneft is the largest oil and gas company in Russia. Its main shareholder is the government-owned Rosneftegaz that holds 69.5% in Rosneft. Another major shareholder is BP (19.75% stake). Part of the company’s shares are traded at Russian stock market. -0-

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