Friday, November 4, 2011

Kolomoisky kicked by Naftogaz in court

Supreme Economic Court of Ukraine allowed PAO Ukrtatnafta not provide Naftogaz of Ukraine "on the outcome of the auction on November 28, 2009, at which have been implemented 28.78% stake in Kremenchug. Reported by the news agency "Ukrainian News, citing a court order on April 27. Thus, the Supreme Economic Court has refused to meet Naftogaz appeal the decision of the Kyiv Economic Court of Appeal on February 7, 2011. Recall that Naftogaz judicially demanded Ukrtatnafta provide information on the successful bidder, the price at which shares were sold, as well as an official confirmation that the sale took place. This gave the opportunity to Naftogaz further challenge the sale of state-owned 28.78% stake in Kremenchug. Note that this package formerly belonged to the Tatar shareholders. Structures associated with the shareholders of Privatbank Igor Kolomoisky and Gennady Bogolyubov, the court made in 2009 declared illegal the acquisition of the government of Tatarstan 28.78% stake in Ukrtatnafta. After this, the shares have been charged to PAO Ukrtatnafta and realized at auction Privat Group, which controls the Kremenchug refinery. After a change in leadership in 2010 Naftogaz state company announced its intention to challenge the transaction. In her opinion, 28.78% of the shares must be returned to the state. Naftogaz is now owned 43.05% shares of PJSC Ukrtatnafta. As you know, Kremenchug refinery is the largest oil refinery in Ukraine. Ministry of Industry

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