Lukoil Buys Stake in Sicily ISAB Refinery for $503 Million
05 September 2012 - 12:46AM
Dow Jones News
By James Marson
MOSCOW--OAO Lukoil Holdings (LKOH.RS), Russia's No. 2 oil
producer, said Tuesday it had completed the acquisition of a 20%
stake in the ISAB refinery in Sicily from Italy's ERG SpA (ERG.MI)
for 400 million euros ($503 million).
The deal, which was first announced in January, increases
Lukoil's stake in the refinery to 80%.
Write to James Marson at james.marson@dowjones.com
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