News 2020August 2013
Exillion Energy Plc
The oil producing company Exillion Energy Plc, oriented on Russia, declared that its founder and ex-chairman Maksat Arip takes steps towards sale of the controlling block of shares of the company, having raised the cost of the share for 18%, according to the Reuters report.
He can sell his share not less than for $138.5 million. Now the buyer is unknown. The Kazakhstani businessman is the largest shareholder of the Company, and his share makes up 30.17%. The Company, which possesses assets in the region rich with oil in Russia in Timano-Pechora and Western Siberia, reported that negotiations are at the initial stage.
According to the British law of a company merger Arip has to announce on August 27 a decision of an offer till five o’clock p.m.. The Company revenue made up $301,93 million for 2012. The net profit reached $12,14 million for 2012. Capitalization of Exillon Energy in London made up more than $349,30 million for the end of November, 2012.