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. Last Updated: 07/27/2016

Vostsok Energy to Sell Stake to EBRD

The European Bank for Reconstruction and Development is acquiring a 7 percent stake for $40 million in Vostok Energy as part of a $100 million financing package, the bank said in a statement Monday.

An additional $60 million will be provided in a convertible loan, the bank said.  

(Bloomberg)