Rosneft Buys SANORS Holding - Quick Facts

(RTTNews) - Russia's state-owned oil company OAO Rosneft (ROSN.L) Friday said in the course of St. Petersburg International Economic Forum, Rosneft and SANORS Holding Limited signed agreement of sale and purchase, according to which Rosneft acquired enterprises of SANORS group of companies.

The agreement was signed by Rosneft President, Chairman of the Management Board Igor Sechin and SANORS Holding President Igor Soglaev, in the presence of Nikolay Merkushkin, governor of the Samara region.

The document implies Rosneft's purchase of 100% stocks of SANORS Holding Limited.

The transaction is to be completed after obtaining permits of anti-monopoly and other regulatory authorities by third quarter of 2014.