print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Oil Company "LUKOIL" press releases

Oil Company "LUKOIL"

December 7, 2000

LUKOIL and Getty Petroleum Marketing Inc. transaction has been finalized

Yesterday the Board of Directors of Getty Petroleum Marketing Inc. (GPM) finally approved LUKOIL's offer to acquire GPM shares at US$5 per ordinary share in cash and turned down United Refining ?ompany's offer.

After careful consideration of the terms of the proposals, the GPM Board of Directors determined that LUKOIL's offer would better meet interests of GPM shareholders given the value, timing and certainties as to completion provided by LUKOIL.

GPM supplies a retail chain that comprises 1,300 filling stations located in thirteen North-Eastern and Mid-Atlantic states. GPM also markets heating oil and other petroleum products.

"We had no doubts regarding a successful finalization of this transaction as the terms offered by the Company were mutually beneficial and LUKOIL's reputation is undisputed," said LUKOIL Vice President Leonid Fedun.

 


Press Centre  OAO "LUKOIL"
phone.: (095)927-1677,  fax: (095)927-1653,
E-mail: pr@lukoil.com

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer