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Sberbank has become main owner of Antipinsky Refinery

PaulMartin in Oil (General)

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PaulMartin    + 2

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Sberbank Group has become the main owner of Antipinsky Oil Refinery as it received ownership rights to stocks of Vikay (owner of 80% of the stocks in Antipinsky Oil Refinery), the press service of Russia’s top lender said in a statement on Thursday.

“Sberbank Group, in accordance with the laws of Cyprus and its right to collateral — a 100% stake in the holding company Vikay Industrial Limited, which was provided as collateral for the loan — has received ownership rights to Vikay’s stocks,” the statement said.

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