Reuters MOSCOW Sep 23
A1, an investment vehicle of Russian billionaire Mikhail Fridman, told Reuters on Monday it had acquired a 24.4 percent stake in Regal Petroleum, which produces gas and gas condensate in Ukraine.
News of the deal sent Regal’s shares sharply higher in London and they closed up 10.6 percent on the session.
“We are ready to say today that we have acquired 24.4 percent (in Regal Petroleum). The buyer is one of A1’s subsidiaries, and the seller is CIS Natural Resources,” A1 President Mikhail Khabarov told the Reuters Russia Investment Summit.
Alfa Group Buys 24% Stake in Regal Petroleum
