Архив рубрики: Shareholders

Telenor extends swap agreement on VimpelCom’s ADRs

Vedomosti  11.06.2015

 

Telenor has extended a swap agreement with ING for ADRs until June 10, 2016.

 

Telenor, второй по величине акционер Vimpelcom Ltd., продлил до 10 июня 2016 г. своп-соглашение с инвестбанком ING на ADR, составляющие 0,1% уставного капитала холдинга. Telenor заключил его в 2006 г. и неоднократно продлевал. По соглашению банк ежемесячно выплачивает Telenor разницу между стоимостью, за которую тот купил акции Vimpelcom Ltd., и рыночными котировками в случае роста стоимости акций. При падении цены соответствующую разницу банку, наоборот, выплачивает Telenor. Кроме того, Telenor получает 85% от общей суммы дивидендов по этим акциям, но не может голосовать ими.

 

http://www.vedomosti.ru/newspaper/articles/2015/06/11/596113-vkrattse

 

Spotify Raises $526 Million Amid Battle With Apple

WSJ  10.06.2015

 

Spotify Ltd. has raised $526 million in a fundraising that values it at $8.53 billion, as investors bet it can fend off a new threat from Apple Inc. The fundraising attracted investment from a number of investment funds in Europe and the US and included a $115 million investment from TeliaSonera AB, which said the two companies would work together on areas such as media distribution, data analytics and advertising.

 

Music-streaming company Spotify Ltd. has raised $526 million in a fundraising that values it at $8.53 billion, according to a person familiar with the matter, as investors bet it can fend off a new threat from Apple Inc. The fundraising attracted investment from a number of investment funds in Europe and the U.S. and included a $115 million investment from Nordic telecom operator TeliaSonera AB, which said the two companies would work together on areas such as media distribution, data analytics and advertising. Spotify’s latest funding round comes as the company invests in expansion and new forms of content as it faces a growing set of challengers that now includes Apple Music, a subscription-based streaming-music service and a 24-hour global Internet radio station unveiled by the tech giant on Monday. The financing, which The Wall Street Journal first reported on in April, closed on Tuesday. As well as TeliaSonera, investors in Spotify’s new round include British asset managers Baillie Gifford, Landsdowne Partners and Rinkelberg Capital; Canadian hedge funds Senvest Capital and Discovery Capital Management, the person familiar with the matter said. U.S. investors in the round include Halcyon Asset Management, GSV Capital, D.E. Shaw & Co., Technology Crossover Ventures, Northzone and P. Schoenfeld Asset Management, the person said. Goldman Sachs which Spotify hired to raise the new funding, also invested through its Global Private Opportunity Partners fund. Abu Dhabi’s sovereign-wealth fund also agreed to invest in the round, a person familiar with the matter said in April. Spotify is now valued at more than double Pandora Media, which has a current market capitalization of about $3.5 billion.

 

http://www.wsj.com/articles/spotify-scores-investment-from-teliasonera-in-multimillion-dollar-funding-round-1433918944

 

U.K. oil executive starts $5 billion private-equity Group

Bloomberg  09.06.2015

 

Sam Laidlaw, former Centrica Plc chief, and private equity’s Carlyle Group and CVC Capital Partners plan USD5 bln of oil and gas investments to benefit from asset sales by industry giants. The North Sea, where Laidlaw helped build Centrica’s oil and gas business, already has companies offering assets as Mikhail Fridman’s LetterOne may sell North Sea fields, bought from RWE AG, under pressure from the UK government due to concerns about the risk of sanctions against Russian interests.

 

Sam Laidlaw, former Centrica Plc chief, and private equity’s Carlyle Group and CVC Capital Partners plan $5 billion of oil and gas investments to benefit from asset sales by industry giants in the wake of slumping crude prices. Neptune Oil & Gas Ltd., set up by the partners, will seek deals in the North Sea, North Africa and Southeast Asia. “Neptune intends to create a mid-size exploration and production company in the 75,000 to 100,000 barrels-a-day range,” Laidlaw, the quarter-century industry veteran who in running the U.K.’s biggest utility became one of the nation’s best-known energy executives, said in an interview on Tuesday. The new company joins a rush to raise money for energy acquisitions after oil prices plunged to about $60 a barrel from more than $100 a year ago. The top-four private-equity groups, Carlyle, Apollo Global Management LP, Blackstone Group LP and KKR & Co., have raised at least $30 billion for deals in the past 18 months, according to data compiled by Bloomberg. With the wave of cash helping valuations defy gravity, some investors have yet to find anything to purchase with their recently accumulated war chests. Neptune would like to “buy a significant portfolio” in just one or two deals, though it may have to wait, Laidlaw said. “Valuations have yet to reflect the new reality of the oil price,” the former Centrica chief executive officer said. It’ll take “a while” before the facts sink in, he said. North Sea Mick Davis, the former Xstrata Plc CEO, has yet to spend the more than $5 billion he raised in the past two years for his X2 venture. Jonathan Roger, previously at Centrica, is also waiting to deploy the $500 million generated from Blackstone and others in 2014 for his Siccar Point in anticipation of North Sea deals. That said, the need for companies like BP Plc, Royal Dutch Shell Plc and Total SA to protect shareholders’ dividends in the face of lower oil prices points to the logic of resource sales. The North Sea, where Laidlaw helped build Centrica’s oil and gas business, already has companies offering assets. LetterOne, controlled by billionaire Mikhail Fridman, may sell North Sea fields, bought from RWE AG, under pressure from the U.K. government due to concerns about the risk of sanctions against Russian interests. The U.K. in April said it was giving LetterOne as long as six months to arrange a sale of the assets. “An extended period of lower oil prices is likely to drive” more North Sea deals, Michael Alsford, an oil analyst at Citigroup Inc., wrote in a report on Tuesday.

 

http://www.bloomberg.com/news/articles/2015-06-09/u-k-oil-executive-starts-5-billion-private-equity-group

 

Traders Alert: VimpelCom (VIP), Central European Media Enterprises (CETV), American Axle & Manufact. (AXL), Mobile TeleSystems OJSC (MBT)

Investorwired.com  05.06.2015

 

VimpelCom Ltd decreased 6.28% to close at USD5.97 on June 4, with the overall traded volume of 2.75 million shares, versus the average volume of 2.16 million shares. Its 52-week range was USD3.09-USD9.20. It has market cap of USD11.19 bln, while its total outstanding shares are 1.75 billion.

 

The dollar rose 0.1% against the yen to Y124.36, climbing for a second consecutive session and nearing its highest level against the Japanese currency since December 2002. The Wall Street Journal Dollar Index, which gauges the value of the greenback against a basket of 16 widely traded currencies, increased 0.3% to 86.78. “The U.S. jobless data gave the dollar a little bit of a boost,” said Sireen Harajli, foreign exchange strategist at Mizuho Bank. “But we’re also seeing the market reacting a little after headlines from the IMF comments….It’s not anything concrete behind these moves. Nonfarm payrolls tomorrow should give the market something more definitive in the dollar’s move.” VimpelCom Ltd (ADR) ( NASDAQ:VIP ) decreased -6.28% and closed at $5.97 in the last trading session with the overall traded volume of 2.75 million shares, versus the average volume of 2.16 million shares. Its fifty two week range was $3.09-$9.20. It has market cap of $11.19 billion while its total outstanding shares are 1.75 billion. VimpelCom Ltd (ADR) (NASDAQ:VIP) announced that it’s been awarded ‘Best Consumer Innovation Service’ for its Digital HUB. The Digital HUB was developed in collaboration with Opera Software and AT-Consulting and was heralded as a leading mobile innovation by Global Telecoms Business (GTB) at an award ceremony in London last night. VimpelCom’s Digital HUB offers internet partners a cost-effective and agile way to connect cloud-based smartphone apps and mobile internet services with VimpelCom’s mobile networks worldwide, bringing an enhanced mobile internet experience to its customers, up to 218 million customers. Has VIP Found The Bottom and Ready To Move Up? Find Out Here Central European Media Enterprises Ltd. ( NASDAQ:CETV ) moved down -5.93% with the closing price of $2.22. The overall volume in the last trading session was 1.34 million shares. Its fifty two week range was $2.12-$3.23. The total market capitalization remained $319.50 million while its total outstanding shares are 135.38 million. Central European Media Enterprises Ltd. (NASDAQ:CETV) works as a media and entertainment company in Central and Eastern Europe. The company operates in six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It operates 33 television channels reaching an aggregate of approximately 50 million people primarily in 6 countries. Its television channels also consist of TV Markiza, Doma, and Dajto in the Slovak Republic; and POP TV, Kanal A, Brio, Oto, and Kino in Slovenia, as well as various radio channels in Bulgaria. Has CETV Found The Bottom And Ready To Gain Momentum? Find Out Here American Axle & Manufact. Holdings, Inc. ( NYSE:AXL ) decreased -5.55% to close at $23.65 in the last trading session and its total traded volume was 2.82 million shares versus average volume of 1.26 million. The company has market cap of $1.90 billion while its total outstanding shares are 75.82 million. American Axle & Manufact. Holdings, Inc. (NYSE:AXL) together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally. The company offers its products for light trucks, sport utility vehicles, passenger cars, and crossover and commercial vehicles. Why Should Investors Buy AXL After the Recent Fall? Just Go Here and Find Out Mobile TeleSystems OJSC (ADR) ( NYSE:MBT ) decreased -5.48% to closed at $9.49 and its overall volume in the last trading session was 2.41 million shares, versus average trading volume of 2.17 million. It has market cap of $9.17 billion while its total outstanding shares are 1.99 billion. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) declared its unaudited IFRS financial results for the three months ended March 31, 2015. Total revenue in Russia rose 3.6% y-o-y to RUB 90.4 bln. Mobile service revenue in Russia improved 3.9% y-o-y to RUB 70.5 billion. Data traffic revenue in Russia grew 26.0% y-o-y to RUB 18.1 bln. Handset sales increased 1.2% y-o-y to RUB 6.3 bln. Group Adjusted OBDA down 2.0% to RUB 41.3 bln.

 

http://www.investorwired.com/traders-alert-vimpelcom-vip-central-european-media-enterprises-cetv-american-axle-manufact-axl-mobile-telesystems-ojsc-mbt/1737229

 

Traders Alert: VimpelCom (VIP), Central European Media Enterprises (CETV), American Axle & Manufact. (AXL), Mobile TeleSystems OJSC (MBT)

Investorwired.com  05.06.2015

 

VimpelCom Ltd decreased 6.28% to close at USD5.97 on June 4, with the overall traded volume of 2.75 million shares, versus the average volume of 2.16 million shares. Its 52-week range was USD3.09-USD9.20. It has market cap of USD11.19 bln, while its total outstanding shares are 1.75 billion.

 

The dollar rose 0.1% against the yen to Y124.36, climbing for a second consecutive session and nearing its highest level against the Japanese currency since December 2002. The Wall Street Journal Dollar Index, which gauges the value of the greenback against a basket of 16 widely traded currencies, increased 0.3% to 86.78. “The U.S. jobless data gave the dollar a little bit of a boost,” said Sireen Harajli, foreign exchange strategist at Mizuho Bank. “But we’re also seeing the market reacting a little after headlines from the IMF comments….It’s not anything concrete behind these moves. Nonfarm payrolls tomorrow should give the market something more definitive in the dollar’s move.” VimpelCom Ltd (ADR) ( NASDAQ:VIP ) decreased -6.28% and closed at $5.97 in the last trading session with the overall traded volume of 2.75 million shares, versus the average volume of 2.16 million shares. Its fifty two week range was $3.09-$9.20. It has market cap of $11.19 billion while its total outstanding shares are 1.75 billion. VimpelCom Ltd (ADR) (NASDAQ:VIP) announced that it’s been awarded ‘Best Consumer Innovation Service’ for its Digital HUB. The Digital HUB was developed in collaboration with Opera Software and AT-Consulting and was heralded as a leading mobile innovation by Global Telecoms Business (GTB) at an award ceremony in London last night. VimpelCom’s Digital HUB offers internet partners a cost-effective and agile way to connect cloud-based smartphone apps and mobile internet services with VimpelCom’s mobile networks worldwide, bringing an enhanced mobile internet experience to its customers, up to 218 million customers. Has VIP Found The Bottom and Ready To Move Up? Find Out Here Central European Media Enterprises Ltd. ( NASDAQ:CETV ) moved down -5.93% with the closing price of $2.22. The overall volume in the last trading session was 1.34 million shares. Its fifty two week range was $2.12-$3.23. The total market capitalization remained $319.50 million while its total outstanding shares are 135.38 million. Central European Media Enterprises Ltd. (NASDAQ:CETV) works as a media and entertainment company in Central and Eastern Europe. The company operates in six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It operates 33 television channels reaching an aggregate of approximately 50 million people primarily in 6 countries. Its television channels also consist of TV Markiza, Doma, and Dajto in the Slovak Republic; and POP TV, Kanal A, Brio, Oto, and Kino in Slovenia, as well as various radio channels in Bulgaria. Has CETV Found The Bottom And Ready To Gain Momentum? Find Out Here American Axle & Manufact. Holdings, Inc. ( NYSE:AXL ) decreased -5.55% to close at $23.65 in the last trading session and its total traded volume was 2.82 million shares versus average volume of 1.26 million. The company has market cap of $1.90 billion while its total outstanding shares are 75.82 million. American Axle & Manufact. Holdings, Inc. (NYSE:AXL) together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally. The company offers its products for light trucks, sport utility vehicles, passenger cars, and crossover and commercial vehicles. Why Should Investors Buy AXL After the Recent Fall? Just Go Here and Find Out Mobile TeleSystems OJSC (ADR) ( NYSE:MBT ) decreased -5.48% to closed at $9.49 and its overall volume in the last trading session was 2.41 million shares, versus average trading volume of 2.17 million. It has market cap of $9.17 billion while its total outstanding shares are 1.99 billion. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) declared its unaudited IFRS financial results for the three months ended March 31, 2015. Total revenue in Russia rose 3.6% y-o-y to RUB 90.4 bln. Mobile service revenue in Russia improved 3.9% y-o-y to RUB 70.5 billion. Data traffic revenue in Russia grew 26.0% y-o-y to RUB 18.1 bln. Handset sales increased 1.2% y-o-y to RUB 6.3 bln. Group Adjusted OBDA down 2.0% to RUB 41.3 bln.

 

http://www.investorwired.com/traders-alert-vimpelcom-vip-central-european-media-enterprises-cetv-american-axle-manufact-axl-mobile-telesystems-ojsc-mbt/1737229

 

BP doesn’t discuss purchase of Dea’s British assets from Mikhail Fridman’s LetterOne

TASS  03.06.2015

 

 
BP’s head Robert Dudley said BP has not yet discussed the purchase of Dea’s British assets from Mikhail Fridman’s LetterOne. Friedman plans to sell the assets over pressure by the British government.

 

Британская BP пока не обсуждала со структурой российского бизнесмена Михаила Фридмана LetterOne покупку британских активов Dea, которые Фридман будет продавать из-за давления британского правительства. Об этом журналистам сказал глава BP Роберт Дадли. «Нет, мы не обсуждали это с ними, — сказал Дадли в ответ на соответствующий вопрос корр. ТАСС. — Я удивлен, что они будут продавать (активы — прим. ред.)». Как ранее сообщал ТАСС, британские активы Dea — месторождения в Северном море — будут предложены для покупки по одному, а не целой компанией. Эти активы оцениваются в $1 млрд. На 11 участках, которые будут выставлены на продажу, добывается 3-5% от общего объема добычи газа в Великобритании. Как ранее сообщал ТАСС, 20 апреля министерство энергетики Великобритании заявило о том, что британское правительство отзовет лицензию на добычу сырья у нефтегазового подразделения RWE Dea фонда LetterOne Фридмана, если компания не продаст газовые месторождения в регионе Северного моря. В министерстве также добавили, что «у фонда есть шесть месяцев» на то, чтобы выполнить требования британских властей. 28 февраля Минэнерго Великобритании отказалось одобрить сделку LetterOne с RWE. Тогда в качестве обоснования была названа возможность нарушения работы месторождений в случае расширения санкций ЕС в отношении России в связи с кризисом на Украине. Сделка LetterOne с RWE по активам в ряде стран, включая Великобританию, была закрыта еще 2 марта (в долларовом выражении сумма сделки составила 5,7 млрд долларов). RWE Dea занимается добычей нефти и газа на территории 14 стран мира. Нефтегазовые активы RWE оценивались в 5-7 млрд евро. Компания ведет добычу нефти и газа в Германии, Великобритании, Норвегии, Египте и Дании. Кроме того, она занимается геологоразведкой в Алжире, Ирландии, Ливии, Мавритании, Польше, Тринидаде и Тобаго и Туркмении, а также управляет мощностями по хранению газа в Германии.

 

http://tass.ru/ekonomika/2014803

 

Funds are needed more in Russia

Vedomosti  25.05.2015

 

VimpelCom’s BoD has recommended not paying dividends on common shares for 2014. Dividends on preferred shares amount to 0.1 kopecks per security which is RUB6,400 in total.

Совет директоров «Вымпелкома» (на 100% принадлежит холдингу Vimpelcom Ltd. со штаб-квартирой в Нидерландах) рекомендовал не выплачивать дивиденды на обыкновенные акции по результатам 2014 г., указано на сайте центра раскрытия корпоративной информации. Дивиденды на привилегированные акции составят номинальные 0,1 коп. на бумагу (в сумме — 6400 руб.). В последний раз российский «Вымпелком» выплачивал дивиденды своей материнской компании в 2013 г. — держатели обыкновенных акций получили тогда по итогам 2012 г. в общей сумме 36,3 млрд руб. В прошлом году акционеры решили не выплачивать дивиденды на обыкновенные акции, на привилегированные «Вымпелком» выплатил 1600 руб. Согласно отчетности «Вымпелкома», в 2014 г. компания получила 14,78 млрд руб. чистой прибыли по сравнению с 49,63 млрд годом ранее. Акционерам придется подождать В мае 2015 г. главный финансовый директор Vimpelcom Эндрю Дэвис рассказывал во время телеконференции с аналитиками, что даже если холдингу удастся объединить итальянские активы с гонконгской Hutchison Whampoa и снизить долговую нагрузку до уровня ниже двух годовых показателей EBITDA, то на дивидендах компании это не отразится. Представитель «Вымпелкома» Анна Айбашева говорит, что это решение было принято в рамках дивидендной политики головного Vimpelcom Ltd. Представитель Vimpelcom Ltd. Артем Минаев объясняет решение тем, что в этом году продолжается интенсивное развитие сети 4G, что влечет за собой существенные инвестиции. Кроме того, на решение не выплачивать дивиденды повлияли макроэкономические факторы и изменения курсов валют, замечает он. У российского «Вымпелкома» снижается маржа (в 2014 г. его рентабельность по EBITDA согласно отчетности составила 39,7% по сравнению с 41,9% годом ранее), при этом оператор подтверждает прогноз по капитальным затратам, напоминает аналитик Райффайзенбанка Сергей Либин, а свободный денежный поток у него в этом году скорее всего снизится. Поскольку в 2015 г. «Вымпелкому» нужно будет рефинансировать долги, то Vimpelcom Ltd. решил просто не забирать дивиденды, чтобы потом не одалживать деньги «дочке», считает он. В отчетности Vimpelcom Ltd. за I квартал 2015 г. указано, что в октябре 2015 г. его российская «дочка» должна погасить облигации на 20 млрд руб., а в декабре закрыть кредит от Сбербанка на 2,56 млрд руб. Кроме того, в феврале 2016 г. «Вымпелкому» предстоит погасить облигации на $500 млн, а в мае — на $600 млн. Vimpelcom временно отказался от дивидендной политики в январе 2014 г. Он снизил выплаты в 20 раз (до $61,5 млн в год) до тех пор, пока чистый долг Vimpelcom не снизится менее чем до двух годовых показателей EBITDA. Долговая нагрузка холдинга резко возросла в 2011 г. с присоединением международных активов Нагиба Савириса, главным образом — итальянской Wind. В конце марта 2015 г. чистый долг группы снизился до $17,6 млрд, но все равно превышал 12-месячную EBITDA в 2,4 раза. Без учета долга Wind он составлял бы всего 1,2 показателя EBITDA. В распоряжении гендиректора «Вымпелкома» Михаила Слободина останутся все деньги, которые заработает компания

 

http://www.vedomosti.ru/newspaper/articles/2015/05/24/593365-v-rossii-dengi-nuzhnee

 

ANALYSIS: The billion dollar telco club

Capacitymagazine.com  21.05.2015

 

With an initial funding of USD16 bln – stretchable to USD25 bln – Mikhail Fridman’s L1Technology will be utilized to acquire businesses ranging from traditional telecoms groups to Internet companies. The technology offshoot of L1Technology will act as holding company for the 48% in VimpelCom, owned by Fridman, and a 13% share in Turkcell.

In April 2015, Russian billionaire Mikhail Fridman reinstated his ambitions for the telecoms industry when he announced plans to invest in telecoms and technology companies across the US and Europe with his private equity fund LetterOne Technology (L1Technology). With an initial funding of $16 billion – stretchable to $25 billion – L1Technology will be utilised to acquire businesses ranging from traditional telecoms groups to internet companies . The technology offshoot of L1Technology will act as holding company for the 48% in VimpelCom, owned by Fridman, and the 13% share in Turkish telecoms operator Turkcell. «We think that Europe is currently most attractive because of the consolidation processes that are gathering strength there. The time is right [to invest],» Alexei Reznikovich, chief of L1Technology told reporters. «We are looking at Russia and Southeast Asia, too, but we think that Europe is the most obvious candidate given the dynamic of the sector’s development,» he added. In March 2015, Russia’s Alfa Telecom – of which Fridman is chairman – offered $2.8 billion to purchase a 13.8% stake of Turkcell in a bid to double its holding in the company.

 

http://www.capacitymagazine.com/Article/3455728/Europe/ANALYSIS-The-billion-dollar-telco-club.html

 

DEA sells stake in Egypt’s West Nile Delta project to BP

Trend-online.com  20.05.2015

 

Dea, which is controlled by Mikhail Fridman’s LetterOne, has sold its stake in the USD12 bln West Nile Delta (WND) project in Egypt to its joint venture partner and operator BP. With the remaining interest of 17.25% in North Alexandria and West Mediterranean Deepwater concessions, WND is said to remain the largest project in DEA’s portfolio.

LetterOne e colosso finanziario di Mikhail Fridman a cui fanno riferimento la compagnia telefonica Vimpelcom (che controlla Wind e una delle maggiori tlc di Russia) e quote importanti anche di Turkcell, primo operatore della telefonia mobile per il cui controllo la stessa LetterOne e in contesa con il miliardario locale Mehmet Karamehmet con la sua Cukurova Holding. LetterOne *e colosso finanziario di *Mikhail Fridman *a cui fanno riferimento la compagnia telefonica Vimpelcom (che controlla Wind e una delle maggiori tlc di Russia) e quote importanti anche di Turkcell, primo operatore della telefonia mobile per il cui controllo la stessa LetterOne e in contesa con il miliardario locale Mehmet Karamehmet con la sua Cukurova Holding. Il terzo asset di rilievo della holding LetterOne opera invece nella produzione di gas naturale e petrolio ad Amburgo: si chiama *DEA Deutsche Erdoel *e ha comprato di recente per 5,1 miliardi di euro giacimenti offshore nel Mar del Nord dalla tedesca *RWE consentendole di dichiarare qualche giorno fa un raddoppio degli utili e un notevole taglio del debito. L’operazione di rilevanza strategica europea avrebbe anche causato delle tensioni in Gran Bretagna. Tensioni che sembrano superate dall’ultimo accordo annunciato dalla stessa Dea in base al quale saranno cedute parte delle quote del giacimento nel Delta Occidentale del Nilo (WND West Nile Delta) *in Egitto al partner di joint venture e operatore del progetto *BP . Prevista in particolare la vendita di parte delle quote nel progetto in sviluppo Phase 1 di riserve per 5 miliardi per piedi cubi di gas. Dea manterra comunque il 17,25% di entrambe le concessioni e WND restera il suo piu importante progetto. Il progetto West Nile Delta vale infatti circa 12 miliardi di dollari e si prevede l’avvio della produzione nel 2017 con fino a 1,2 miliardi di piedi cubi al giorno, ossia un quarto della produzione egiziana attuale.

 

http://www.trend-online.com/ansa/fta197081/

 

Mikhail Fridman’s Dea divests half of its stake in West Nile Delta project to BP

Vedomosti  19.05.2015

 

Germany’s Dea, which is now controlled by Russian Mikhail Fridman’s investment fund LetterOne, has sold a part of its stake in the West Nile Delta project in Egypt to its joint venture partner BP. Previously, Dea had planned to invest USD12 bln in gas fields on the West Nile Delta.

Компания продала половину своей доли в проекте West Nile Delta партнеру – британской BP. Спустя полтора месяца после объявления об инвестировании $12 млрд в разработку газового месторождения West Nile Delta (WND) на шельфе Египта один из участников проекта – немецкая Dea – объявил о продаже части своей доли другому партнеру – британской BP. Dea с начала марта принадлежит инвестфонду LetterOne Михаила Фридмана и его партнеров. Фонд купил компанию у энергетической компании RWE на деньги, полученные от продажи ТНК-BP «Роснефти». Совместный проект на $12 млрд бывшие партнеры по ТНК-BP анонсировали через неделю после закрытия сделки по покупке Dea. Тогда же Фридман назначил председателем совета директоров L1 Energy (нефтегазового подразделения LetterOne) бывшего гендиректора BP Джона Брауна. WND состоит из двух блоков: North Alexandria (BP принадлежало 60%, остальное – у Dea) и West Mediterranean Deepwater (BP – 80%, Dea – 20%). Общие запасы месторождения составляют 141,6 млрд куб. м газа и 7,9 млн т газового конденсата, добычу партнеры намерены начать в 2017 г., по плану она должна достичь 34 млн куб. м в день, это четверть текущей добычи газа в стране, отмечается в сообщении Dea. В обоих блоках BP является оператором, его суммарная доля до сделки составляла 65%. Dea сообщила, что сократила доли в обоих блоках до 17,25%. Представитель BP это подтвердил. Продажу доли Dea объясняет желанием диверсифицировать портфель проектов. Также сокращение доли позволит ускорить принятие решений по проекту и сократить затраты на освоение месторождения, говорится в сообщении немецкой компании. Но она отмечает, что для закрытия сделки необходимо одобрение египетской госкорпорации EGPC. Инвестиции в развитие проекта также будут распределены в соответствии с новыми долями, отметили представители обоих партнеров. Таким образом, обязательства LetterOne по инвестированию в проект сокращаются с $4 млрд до $2 млрд. Близкий к LetterOne источник, говорит, что Dea продала долю в проекте для того, чтобы сэкономить на инвестициях в него и направить деньги на новые покупки. У акционеров фонда много идей, отмечает он. Цену сделки партнеры не раскрыли. Покупая Dea, Фридман с партнерами планировали использовать ее как базу для новых инвестиций в нефтегазовую отрасль. Но сделка стоимостью 5 млрд евро, о которой LetterOne и RWE договаривались около года, до сих пор вызывает нарекания британских властей, которые отказались дать на нее разрешение. Великобритания опасается, что LetterOne или его владельцы могут подпасть под санкции и это поставит под угрозу добычу газа на британских месторождениях Dea. Теперь власти страны требуют от фонда продажи британских активов новому собственнику, который их устроит, на завершение сделки у LetterOne осталось пять месяцев. По данным годовой отчетности за 2013 г., Dea добыла в Египте 164 млн куб. м газа, это 6% ее общей добычи, также компания добывает в африканской стране около 20% всей своей нефти, но доля нефти в портфеле компании меньше 1%. Исходя из доли Египта в общей добыче Dea стоимость этой сделки была низкой, скорее всего целью LetterOne в сделке было избавиться от обязательств по инвестированию, полагает аналитик БКС Кирилл Таченников. Также инвестиционная привлекательность проекта из-за снижения цен на нефть могла существенно сократиться за то время, пока LetterOne вел переговоры с RWE, с марта 2014 г. Поэтому фонд решил сократить участие в нем, чтобы направить средства в другие приобретения, отмечает Таченников.

 

http://www.vedomosti.ru/business/articles/2015/05/19/dea-mihaila-fridmana-ne-nuzhno-mnogo-egipetskogo-gaza