On June 31, Surgutneftegaz OJSC purchased 6.77864% interest in Rossia Bank (St. Petersburg), said in the company's announcement.
Earlier Surgutneftegaz had no interest in the bank.
In June the bank placed 305 thd preferred shares at 100 rub par value, that makes 6.8% of the bank's expanded stock capital, in favor of Surgutneftegaz. The placement price of one share was set at 3.6 thd rub, thus Surgutneftegaz used 1.098 bln rub to acquire the stake.
Surgutneftegas is one of the largest Russian oil companies. According to independent valuation carried out in conformity with international standards, the company's oil and gas reserves total some 2.5 biltons of oil equivalent.
Surgutneftegas undistributed profit decreased 32.7% to 77.104 bln rub in 2006 from 114.479 bln rub.
Company's authorized capital stock totals 43.42 bln rub split in 35725994705 common and 7701998235 preferred shares at 1 rub par value.
Bank Rossia was registered in 1990. Bank's authorized stock capital makes 419.45 mil rub. Balance sheet profit in 2006 made 925.7 mil rubs, net profit - 787.9 mil rubs.
Earlier Surgutneftegaz had no interest in the bank.
In June the bank placed 305 thd preferred shares at 100 rub par value, that makes 6.8% of the bank's expanded stock capital, in favor of Surgutneftegaz. The placement price of one share was set at 3.6 thd rub, thus Surgutneftegaz used 1.098 bln rub to acquire the stake.
Surgutneftegas is one of the largest Russian oil companies. According to independent valuation carried out in conformity with international standards, the company's oil and gas reserves total some 2.5 biltons of oil equivalent.
Surgutneftegas undistributed profit decreased 32.7% to 77.104 bln rub in 2006 from 114.479 bln rub.
Company's authorized capital stock totals 43.42 bln rub split in 35725994705 common and 7701998235 preferred shares at 1 rub par value.
Bank Rossia was registered in 1990. Bank's authorized stock capital makes 419.45 mil rub. Balance sheet profit in 2006 made 925.7 mil rubs, net profit - 787.9 mil rubs.