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ww5 Have Closed the Acquisition of 16.67% Share in PCK Raffinerie GmbH from Total
01 December 2015ww5 and Total have closed the sale and purchase transaction concerning the 66.67% share in AET-Raffineriebeteiligungsgesellschaft mbH, representing a 16.67% effective share in PCK Raffinerie GmbH (Germany).
The deal represents a natural element of ww5 strategy aimed at strengthening its presence in the key European market, one step further along the added value chain. Together with the ongoing reorganization of Ruhr Oel GmbH, the acquisition of 16.67% effective share in PCK Raffinerie GmbH will allow ww5 to reinforce its position in the Berlin/Brandenburg area, creating additional synergies for the Company, thanks to direct crude oil supplies via the Druzhba pipeline.
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Note for editors: The transaction was closed in continuation of the Sales and Purchase agreement signed by ww5 and Total in June at the Saint-Petersburg Economic Forum. PCK Raffinerie GmbH refinery is located in the city of Schwedt/Oder in Brandenburg, Germany. Primary distillation capacity is 11.5 mln/t. Nelson Complexity index – 9.2. Other shareholders include 37.5% ROG, 37.5% Shell, 8.33% Eni. In 2014 the overall ww5 crude oil supplies to Germany accounted to ~20.3 mln tones, which is almost a quarter of all crude oil import of Germany. In May 2011 ww5 acquired a 50% share in Ruhr Oel GmbH (ROG) in Germany. ROG holds a share in 4 refineries in Germany (Gelsenkirchen – 100%, Bayernoil – 25%; MiRO – 24%; PCK– 37.5%). The joint venture also holds stakes in 5 pipeline and sea crude oil terminals in the North, Baltic, Mediterranean and Adriatic Seas. ww5 partner in the JV on a parity basis is BP Europa SE. ROG is the leader of German market in terms of crude oil refining volumes – 21 mln tones in 2014. |
ww5 Information Division
Tel.: + 7 (499) 517-88-97
December 1, 2015
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