Closed Joint Stock Company “INK-Capital” announced the changes in the Shareholders

August 22

INK-Capital is pleased to announce changes in the shareholders' structure. As a result of the transaction between the European Bank for Reconstruction and Development (EBRD) and Goldman Sachs International (GSI), the EBRD’s stake has decreased to 4.4% and GSI has become a shareholder with a stake equal to 3.75% of INK-Capital’s charter capital.

INK-Capital is pleased to announce changes in the shareholders’ structure.

 

As a result of the transaction between the European Bank for Reconstruction and Development (EBRD) and Goldman Sachs International (GSI), the EBRD’s stake has decreased to 4.4% and GSI has become a shareholder with a stake equal to 3.75% of INK-Capital’s charter capital (see full updated shareholders’ structure chart Here).

In connection with this transaction, management of Irkutsk Oil Group would like to extend its appreciation to the European Bank for Reconstruction and Development for its long-term and fruitful cooperation and expresses hopes for continuation of this mutually beneficial relationship in the future.

Irkutsk Oil welcomes Goldman Sachs International, which is a part of Goldman Sachs Group, Inc., among the shareholders of CJSC “INK-Capital”, and we hope that the changes of the shareholders’ structure will help to further support development of Irkutsk Oil Group.

 

Contact information: ir@irkutskoil.com

 

 

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Closed Joint Stock Company “INK-Capital”

CJSC "INK-Capital" is the holding company of the Group. It was established on 17 March 2008.

Currently Irkutsk Oil Group holds 19 licenses for geological survey, exploration and production of hydrocarbons in the Irkutsk region and the Republic of Sakha (Yakutia).

In 2008 the European Bank for Reconstruction and Development (EBRD) purchased the minority stake (8.15%) in CJSC “INK-Capital”.

European Bank for Reconstruction and Development

The EBRD was founded in 1991. The EBRD is composed of a multinational staff and an in-house Board of Directors representing shareholders (64 countries plus the European Union and European Investment Bank).

The EBRD is a multilateral development bank, using investment as a tool to help build market economies and democracies in 34 countries, from central and eastern Europe to central Asia as well as countries in the southern and eastern Mediterranean.

Goldman Sachs International

Goldman Sachs International is part of the Goldman Sachs Group, Inc., a leading global investment banking, securities and investment management firm providing a wide range of financial services to a substantial and diversified client base including corporations, financial institutions, governments and high-net-worth individuals. A full-service office was established in Moscow in 2006, dedicated to providing innovative financial services to Russian and international clients in the country. Goldman Sachs Russia, a member of the Moscow International Financial Centre working group, has agreed with the Ministry of Economic Development of the Russian Federation and Russian Direct Investment Fund to cooperate in the sphere of development of initiatives aimed at improving the investment image of the Russian Federation in the international arena.

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