“Transneft” has exposed on sale of its share of 11.76% of the share capital of the KHL

MOSCOW, October 21 — R-Sport. Company “Transneft” has exposed on sale of its share in the authorized capital of KHL (11,76%) as non-core asset, according to documents published on the website of the company.

Transneft is one of the founders of the KHL. As noted in the text of the programme of disposal of non-core assets of the group, it was developed in accordance with the decision of the Board of Directors on August 9, adopted on the basis of directives of the RF government of 7 July 2016.

It is reported that in the period from 2011 to 2015 on the basis of the Board of Directors approved a program of non-core assets disposal of group companies “Transneft” was sold 253 non-core assets that do not have a functional relationship with the main activity of PJSC “Transneft” and “not relevant and providing support functions.”

The document also States that the start price or the sale price of non-core assets sold not at auction, is determined based on the report of an independent appraiser, whose selection is on a competitive basis.

In 2013, Transneft received the Directive of the state on sale and at the end of may of that year tried to sell its share (11.8 percent) in the share capital of KHL, at a starting price of 100 million rubles. Then the tender was declared void, the company announced its intention to hold it again.

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