Court voids SistemaТs 330 bln rbl suit against Rosneft, Bashneft - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Court voids SistemaТs 330 bln rbl suit against Rosneft, Bashneft

MOSCOW, Mar 20 (PRIME) -- The Moscow Arbitration Court has approved a request of multi-industry holding Sistema to void a 330.4 billion ruble suit against oil companies Rosneft and Bashneft, according to information obtained by PRIME in the court on Tuesday.

Previously, Rosneft, Bashneft and the republic of Bashkortostan filed a 170.6 billion ruble suit to charge Sistema and its affiliate Sistema-Invest for the losses allegedly caused to Bashneft in 2014 during its reorganization. In 2014, Sistema was the core owner of Bashneft. The court partially satisfied the suit in August 2017.

Rosneft and Bashneft filed a new, 131.6 billion ruble suit against Sistema in December 2017 seeking to recover dividends that Sistema received from Bashneft earlier. Sistema filed the 330.4 billion ruble suit against Bashneft and Rosneft to the court later in the month.

Later in December, the court confirmed a peaceful settlement of the 170.6 billion ruble suit, under which Sistema and its affiliate Sistema-invest were to pay 100 billion rubles to RosneftТs affiliate Bashneft in several installments no later than March 30, 2018. Rosneft asked the court to reject the 131.6 billion ruble dividend suit on March 12, 2018.

(57.5521 rubles Ц U.S. $1)

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20.03.2018 11:16
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