The Russian Fund of Federal Property (RFFI) has transferred 7.59% of the LUKoil shares to the balance of a new owner of the package, ConocoPhillips, the RFFI reported on Friday.

Friday, August 7, 2020

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"The RFFI is drawing up documents for the new owner of the shares," an official spokesman for Fund said. "This is necessary for making an appropriate entry in the register of the LUKoil shares," he explained. The offshore Springtime Holdings Limited company presented the interests of ConocoPhillips at the auction and purchased a state package for $1.988 billion. The purchase contract between the Russian Fund of Federal Property and ConocoPhillips was concluded on October 1. Last week, the company sent to the RFFI 57,642 million rubles (1 dollar = 29.12 rubles). 97% of the sum has gone to the budget and 3% remained in the Fund for compensating the expenditures on organizing and holding the privatization of the federal property in 2004.

Print The Russian Fund of Federal Property (RFFI) has transferred 7.59% of the LUKoil shares to the balance of a new owner of the package, ConocoPhillips, the RFFI reported on Friday.

Bookmark The Russian Fund of Federal Property (RFFI) has transferred 7.59% of the LUKoil shares to the balance of a new owner of the package, ConocoPhillips, the RFFI reported on Friday.