PJSC LUKOIL signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia from Enel SpA.
PJSC LUKOIL (MISX:LKOH) signed an agreement to acquire unknown minority stake in Public Joint-Stock Company Enel Russia (MISX:ENRU) from Enel SpA (BIT:ENEL) on June 16, 2022. Enel S.p.A. has signed two separate agreements with, respectively, PJSC Lukoil (Lukoil) and Closed Combined Mutual Investment Fund Gazprombank-Frezia (the Fund) for the sale of the entire stake held in Enel Russia, equal to 56.43% of the latter's share capital, for an overall consideration of about 137 million that will be paid at closing. The closing of the transaction, which is expected within the third quarter of this year, is subject to a series of conditions precedent, including the clearance by the Russian Government Commission on Monitoring Foreign Investment and the Russian Federal Antimonopoly Service.