PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire 26.9% percent stake in PJSC Enel Russia from Enel SpA (BIT:ENEL) on June 16, 2022. In a related transaction, AAA Capital Management agreed to acquire a 29.5% stake in in PJSC Enel Russia from Enel SpA on June 16, 2022. The combined consideration comprises of approximately Ç140 million. PJSC Lukoil will receive 9.5 billion shares in Enel Russia as a result of the deal. Enel Russia's charter capital is divided into 35.37 billion ordinary shares, meaning that Lukoil will own 26.9% of shares. The completion of this operation is scheduled for the third quarter of this year and is subject to a series of conditions, such as the approval of the Russian authorities competent in foreign investment and antitrust. As of September 20, 2022 government approved the deal.
PJSC LUKOIL (MISX:LKOH) completed the acquisition of a 26.9% stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on October 12, 2022.