Member Info for mac4671

"TNK-BP was a major vertically integrated Russian oil company headquartered in Moscow. It was Russia's third-largest oil producer and among the ten largest private oil companies in the world. In 2013 it was acquired by Russian oil company Rosneft"

Yes, that's right, he's that man!

Artem Matyushok
Head of M&A and Business Development, Rosneft

"Artem Matyushok is Global Head of M&A at Rosneft leading them through $40Bn of M&A deal flow in 2016. He was previous a Manager of M&A in Treasury & Corporate Finance Division of Shell. He then moved to become Director of M&A at TNK-BP, before moving to Rosneft where he was first Head of New Business Development and Joint Venture Creation before moving to become Global Head of M&A."

He certainly appears to enjoy very LARGE M&A deals!

https://energycouncil.com/event-speakers/artem-matyushok/

GLA

An iNED is an individual who is a director (member) of the board of directors who does not have a material or pecuniary relationship with the company or related persons. The iNEDS's role is to provide independent oversight and constructive challenge to the executive directors

https://www.aon.com/unitedkingdom/insights/a-guide-for-independent-non-executive-directors.jsp

It's very easy to understand his recent appointment!

GLA

"Provided that any conflicted directors declare their interest in a proposed transaction or arrangement, the relevant transaction or arrangement is not liable to be set aside. However, in circumstances in which directors have actual or potential conflicts of interest, the company may wish to consider appointing a committee of disinterested directors to ensure that the process of negotiating and approving the transaction and the terms of the transaction documents is robust

The directors must also consider their other statutory duties: the two most relevant duties when approving a company’s entry into an M&A transaction are the duty to exercise independent judgement and the duty to exercise reasonable care, skill and diligence"

https://www.financierworldwide.com/board-role-in-ma-transactions-practical-implications-of-directors-duties#.YoV8_WnTU0E

GLA

Yes Brookker, of course, that's why you're here, just to tell me that. Forgive me if i choose to ignore any of your points which are never backed up by anything verifiable.

Do have a good evening!

GLA

Nicetry Brookkers, but, you'll have to do better, like i've said, it's what the man does -

"Dmitry has a successful track record of leading the strategic sales of companies in the natural resource sector including the sale of a silica sand mine and the second largest global carborundum production company to Indian Murugappa Group, the sale of a natural resource company to Danish natural resource fund, the sale of a gas company to a major Russian investment group and other deals."

https://www.eurasiamining.co.uk/about/team-2

Everything i state is verifiable, people only have to read it for themselves!

GLA

*pie

There used to be a saying i was told when i was very young - "When business is done right, everyone gets a bite of the pie".

This is that model, from pi's, ii's, investment bankers etc right of the way through. Everyone gets their bite of the buy.

GLA

It's generally what Dmitry does Brookkers, takes projects to a certain level and then sells them on. There is a strong chance that the same thing may happen with H4Energy JV in some years time, once all of the construction risk etc is removed.

An Oil major would buy from something Artem created for example, after all, they'll have to transition in to something themselves when Oil and Gas demand starts to significantly drop at some stage in the future and Hydrogen demand has picked right up.

It's simply how industry works tbh, different levels taking their slice of risk and the pie.

GLA

Really Brookkers -

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are delighted to see tangible progress in the development of a broader Eurasia growth strategy, 'Eurasia v.2.0' in the ammonia and hydrogen markets alongside the development of our existing world class Battery Metals and PGM projects. We are confident this will create new opportunities for value creation and expand our Company's business."

That's what Eurasia V.2.0 is. We already know there is to be a significant asset disposal, we've been told that in RNS, so PGM and Battery Metals have progressed for sale, which will fulfil the significant asset disposal and trigger rule 15. The company then moves in to the Green Hydrogen and Ammonia model, it's all in RNS tbh.

GLA

Japan moved on Hydrogen a long time ago tbh -

"ENEOS and Toyota Come Together to Make Woven City the Most Hydrogen-Based Society"

https://global.toyota/en/newsroom/corporate/35298631.html

That's like a test city, i presume that they're going to switch most of Japan over to it over this decade!

GLA

They can sell significantly all of their PGM and Battery Metal assets as quoted in RNS and then move in to Green Hydrogen etc, it would meet the requirements of Rule 15.

GLA

"If it's just NN - why all the Japanese guys?" - Hydrogen LB, where have you been all day?. Artem was MD of Eurasia Mining Japan, he comes from and specialises in energy. It used to be Oil, now it looks to be Green Hydrogen and Ammonia via the H4Energy JV. The MD part was picked up be mueslibrown at the back end of last year as Artem was at a conference called 'Connecting Green Hydrogen Japan 2021' -

https://twitter.com/iMuesliBrown/status/1447950387093377033

His recent placing indicates that his work on that is almost complete, the fundamental change of business which Rule 15 is for!

GLA

That's just the level he's been known to work at in the past stevo999. They don't mess around at that level, everything is done to the letter.

As regards the mentioned deal flow level figure, well, what could be reached if they gradually sold off all PGM and Battery Metal assets after JORC is done on them? I bet it would be a fair few billion dollars worth!

GLA

"TNK-BP was a major vertically integrated Russian oil company headquartered in Moscow. It was Russia's third-largest oil producer and among the ten largest private oil companies in the world. In 2013 it was acquired by Russian oil company Rosneft"

Yes, that's right, he's that man!

Artem Matyushok
Head of M&A and Business Development, Rosneft

"Artem Matyushok is Global Head of M&A at Rosneft leading them through $40Bn of M&A deal flow in 2016. He was previous a Manager of M&A in Treasury & Corporate Finance Division of Shell. He then moved to become Director of M&A at TNK-BP, before moving to Rosneft where he was first Head of New Business Development and Joint Venture Creation before moving to become Global Head of M&A."

He certainly appears to enjoy very LARGE M&A deals!

https://energycouncil.com/event-speakers/artem-matyushok/

GLA

You're very welcome SandyBugler.

GLA

No wonder they've been in full panic mode lol

I think gas mark 5 is heading their way in the not so distant future.

GLA

You just need to think of timeframes for construction if i'm honest, we're nearly halfway through 2022, 2024 isn't really that long away when you have two Hydrogen plants planned to be built. How long would they take to be constructed and running efficiently, 18 months perhaps?

There's land acquisition, ground investigation, engineering plans to be drawn up etc, all prior to the actual construction starting. An 18 month window could possibly be feasible for such large tasks.

GLA

Potentially Aspen yes, 2024 for Hydrogen pilot production and so it would grow from there for many years. His age does make him the perfect fit for the fundamental change of business, Christian retires as picked up via RNS of another company he is on the BOD of, potentially passing the reigns over to Russian Alexei on the geological front -

https://twitter.com/AlexeiBoucher?s=20&t=ooJclGoL-LWgvtRt0U2TMg

It is going to be very interesting to see exactly what takes place. If you've been here years then you've watched them systematically move piece after piece to arrive at this very large junction.

GLA

That's it DownToTheBone, mueslibrown was on to it all a long time ago now. Artem has been getting the fundamental change of business ready imho. The stage that happens after the asset sales take place.

Tick tock, tick tock . . . .

GLA

TheGazBaz, there is not one sanction that can prevent a Russian company buying another Russian company. The assets are held in Russian subsidiaries which are not listed on any market.

GLA