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Rosneft to acquire North Atlantic Drilling shares

Deal is expected to complete towards the end of 2014

Rosneft to acquire North Atlantic Drilling shares
Rosneft to acquire North Atlantic Drilling shares

Russia’s top crude oil producer Rosneft has said that it had agreed to acquire shares in Norway’s North Atlantic Drilling Limited (NADL) via an asset swap and investments into the company’s share capital, according to news site Reuters.

“The final parameters of the deal, including the amount of Rosneft’s cash contribution in NADL’s charter capital, will be defined upon receiving corporate and accountant’s approvals which is expected till the end of the 2014,” Rosneft said in a statement.

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