LUKOIL has accepted an offer from Gunvor Group Ltd. to sell its subsidiary LUKOIL International GmbH, aiming to streamline operations amidst ongoing international sanctions.
Information on the Target
PJSC "LUKOIL," a leading Russian oil company, has received an acquisition proposal from Gunvor Group Ltd. to purchase its subsidiary, LUKOIL International GmbH. This subsidiary is responsible for managing LUKOIL's international assets, which are crucial for the company's global operations. The decision to sell is driven by recent challenges posed by international sanctions affecting LUKOIL and its operations.
Industry Overview in the Target’s Specific Country
The oil and gas sector in Russia is a vital component of the national economy, heavily influencing both domestic and international markets. Over recent years, the industry has experienced significant pressures from geopolitical tensions and subsequent sanctions imposed by various countries. These developments have created an environment where international partnerships are increasingly challenging, leading companies like LUKOIL to reevaluate their global investments.
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In light of the restrictive measures placed on Russian enterprises, many companies are seeking to divest from international markets to mitigate financial risks. As a resul
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Gunvor Group Ltd.
invested in
LUKOIL International GmbH
in 2025
in a Buyout deal