Areti International Group Plans To Acquire 50% Stake In New Stream Group

Published: Oct 02 2017
Deal Summary

Areti International Group Limited (formerly ITERA International Group of Companies), a company that focused on investments in the oil and gas sector, intends to acquire a 50% stake in New Stream Group, a company that owns Antipinsky oil refinery.

The refinery is located in the region of Krasnodar near the Black Sea, Russia and has a refining capacity of 6 million tons per annum.

Dmitry Mazurov, president of New Stream, will retain 50% interest in New Stream.

The transaction will enable Areti International to strengthen its business operations. New Stream intends to use the proceeds from the sale to repay its existing debt.

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