Tatneft bought Turkish fuel company Aytemiz Akaryakit for $336 million
[ad_1]
The deal was closed on April 26. The amount of the agreement was $336 million. It is noted that it took into account the estimated amount of net debt at the closing date of the transaction.
At the beginning of April Dogan approved the sale of a 50% stake in Aytemiz Akaryakit to the Russian Tatneft. It was reported that the amount of the transaction would be $160 million. Kommersant wrotethat the rest of the stake is owned by the Aitemiz family. The acquisition of a 100% stake in the company by Tatneft was estimated at $320 million. The Turkish Competition Authority approved the deal on April 19.
In February “Tatneft” reported that the board of directors of the company will discuss the establishment of a representative office of the enterprise in Turkey. The decision taken on this issue was not disclosed.
Aytemiz owns more than 570 gas stations in 77 provinces in Turkey, according to the company’s website. The brand serves more than 6 million drivers every month. The gas station network has 10 bases, gas stations, storage terminals with a capacity of 250,000 cubic meters. m throughout the country.
Over the past few months, Tatneft has acquired a number of assets in Russia and abroad. In December 2022, the Russian company signed an agreement with the Uzbek company Uzkimyosanoat to buy out the Birinchi Rezinotekhnika Zavodi (First Rubber Plant) tire manufacturing plant located in the Tashkent region. Tatneft should get full control over the enterprise.
Also March 16, 2023 Finnish tire manufacturer Nokian Tires informedthat he received from Tatneft 285 million euros for Russian assets. The transaction will be completed after passing the “registration formalities in Russia”, the company noted.
[ad_2]
Source link
