Completion of the largest deal involving a russian company in Brazil
- gafiorilli
- Mar 12
- 1 min read
November 1, 2011
OSF Invest is pleased to announce the successful completion of one of the most significant cross-border transactions in Brazil. Russia’s TNK-BP has acquired a 45% stake in the HRT Solimões Petroleum and Gas project for USD 1.0 billion, including a potential earn-out of up to USD 5.0 billion and an option to acquire an additional 10% stake. This represents TNK-BP's largest E&P deal outside of Russia.
OSF Invest advised the Russian shareholders of TNK-BP, who formed the AAR consortium: Access Industries, Alfa, and Renova.
OSF Invest (www.osf-invest.com) was founded by financier Hans J. Apostel and other veteran professionals.
For more details on the transaction: http://www.valor.com.br/empresas/1078786/hrt-devera-permanecer-como-operadora-apos-parceria-com-tnk-bp